As inflation continues to wreak havoc on the middle and lower socioeconomic classes, many will feel the sting of rising costs in different areas of their lives. Those with children can attest to this fact, as the statistics show that raising a child can cost upward of $310,000.00 from infancy to age 17. This does not include any higher education costs and works out to be about $18,000.00 per year. We aren’t going to scare you with this stat and leave you wondering what to do. Here are a few ways you can combat the rising costs of parenthood:
The simplest way is to avoid clicking links that you receive through a text message, even when they look official. If you receive a text alert from someone that looks like your financial institution claiming there is an issue with your account, we recommend the following:
Remember to give back when you can! As your children grow out of clothes, shoes, toys, and furniture, think about how much you appreciated the help from others and pay it forward. A direct reflection of the community is how willing the individuals are to help each other in times of need. This is also a great way to upcycle and keep using items that would normally be tossed out after use!
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