Chapter 1 of 3
The Real Cost of a Child
Sarah and Marcus model the first year: hospital bills, gear, childcare, and the income gap during leave. The total first-year cost surprises them both.
Key Insight
First-year total cost: $34,200. Childcare alone is $33,600/year. The 529 contribution of $200/month grows to $87k by age 18.
Model This Scenario