Posted by Walter B.
Attempting to calculate the cost of raising a child is like
trying to figure out how many jelly beans it takes to fill the bath
tub! The latest and greatest formula, super duper diapers with
pictures of their favorite cartoon character (good luck if that one
is out of stock), designer baby clothes and the multiplying
occurrence of every size, shape, color and purpose of plastic stuff
that will block every doorway and fill every room in the house - it
all adds up.
The newest government study put the cost of raising a child to the
age of 17 at more than $220,000. As a concerned investor of such a
sizable chunk of money, a parent might ask: What's the return on
At last count here are just a few of the dividends: Endless tiny
treasures like framed crayon rainbows and scribbles custom-made
just for you. Tiny clay pots made at school with your daughter
because you dared to take an afternoon off from
work. Dolphin-like shrieks of sheer joy as you huff and puff
your way through marathon piggyback rides.
The privilege of throwing a football to a future star athlete
until your arm is ready to fall off. Shivering in the ice rink
stands before the rooster crows. You also receive the honor of
getting muddy shoes as you get to wear a Yankees cap and T-shirt
with the word "Coach" written on back. And let's not forget that
unforgettable moment when your little one says "Daddy, I love
What's the parental return on this investment? A lifetime of
love, care and respect that, hopefully, works both ways. When you
add up the balance sheet, this book value is priceless.
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