An average family in US spends about $245,340 for raising a child from birth to age of 18.
Home, Food and Transportation are top three expense for raising a child while housing costs are large expenditure on a child, 30 percent of total cost in average. Proportion of Food and Transaportation are 16% and 14% respectively.
This is not include the annual cost of collegue, which cost from $18k - $41k per years.
Money Lover can help parents keep track spending for their kid, do budget for each expense and also plan savings.