Articles on financial planning & investing for women from Guardian Life Insurance Company
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Are you raising a million dollar baby?
No real question here. Children are priceless. But the costs of child raising do seem to be spiking. And, more than likely, growing up baby is the most expensive project you'll ever take on. How realistic are you about the cost of nurturing Junior to adulthood? Here's how to find out:
1.A year's worth of diapers costs:
$200
$500
$700
2.On average, the annual cost for a toddler in daycare is:
$2,050
$3,000
$3,500
3.Maintaining a healthy child runs an annual average of:
$500
$700
$950
4.Clothing for a 7-year-old prince or princess for one year rings up:
$490
$630
$850
5.Back-to-school spending, on average, for a student adds up to:
$208
$418
$528
6.Groceries for a hungry pre-teen for a year cost:
$1,790
$2,170
$3,560
7.Annual carpooling for your teenager and his or her pals costs:
$1,500
$1,800
$2,000
8.Yearly entertaining costs for Junior until he's 18:
$18,560
$29,430
$36,680
9.Freshman year tuition at a private college:
$9,000
$13,000
$18,000
What's your score?
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