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Incorporate the cost of raising one child into a budget plan

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You may either have children or plan to have children in the future. Have you considered their cost? You should. So let's incorporate the cost of raising one child into a budget plan. Before making any formal calculations, estimate how much money it takes to raise a child from birth to the age of 18 (do not include college costs). What major factors would you include in determining the total cost of raising a child?

Reference no: EM131482385

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