Can You Afford Another Child?
When weighing all the pros and cons of having more kids, does money play a role? For some of my friends, the costs of daycare, transportation, extra-curriculars, vacations and so on were just too much for them to have a second (or third) child.
It is expensive. Today's Parent reports that each child will cost you $240,000 until they reach the age of 18. And that doesn't include post-secondary education which is it's own financial headache.