this post was submitted on 05 Oct 2023
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And government child benefits wouldn't help? If you are struggling that much (and I don't suggest having a kid if you are struggling at all), the government will pay you monthly for the next 18 years that you have a child...
I think you need to look beyond finances to make this decision, though. Do you have the energy and time for a kid? Are you willing to put all your plans on hold for the foreseeable future, potentially burden your relationship, for a child? Will you be able to quit your job to spend your entire day caring for a child with special needs? Are you willing to care for that child beyond age 18, when the financial burden of supporting them (a third adult) could jeopardize your retirement?
The decision to have a child shouldn't be made lightly, regardless of how strong society pushes for it. Neither should the decision to have pets, but I digress.
I do wish you and your partner all the best, and hope that you find more financial stability in your lives.
the amount that any government pays you when you have a child is a pittance compared to the cost of having a child… especially if you want to do more than simply scrape by and have like… christmas, birthdays…
Kids under 10 aren't expensive, especially when you're getting a few hundred dollars extra every month from the government.
What's expensive is going out to buy a brand new $800 stroller, a $400 crib, hundreds on toys that will outgrow or discard after a few months, luxury items that aren't needed. In other words, new parents are more than likely overspending when they don't need to.
Be creative and raising a kid isn't expensive... until they become teens/adults and are still dependant on you. LOL
FYI: Stats Canada published recent data on the cost of raising a kid in Canada (how much parents spent). It's estimated that low-income homes spend around $30,000 for a child from 0 - 12 years of age ($214 / month on average). Just throwing in some numbers in the child benefit calculator for two people making $35,000 each with around $1200 in rent a month, they'd get $207 in child benefits + other beneifts (climate action incentives, etc.). $7 out of pocket to spend on the kid... if you are overspending like people usually do.
So, yeah, it's not the cost of having kids that turns people off from having them. The study that the article is based on even says this!
I saw your cost claim and found it really hard to believe. I mean I spend more than $200 a month raising two cats lol. I found this from Stats Canada from 2017 https://www150.statcan.gc.ca/n1/pub/11f0019m/11f0019m2023007-eng.htm as far as I can see your numbers a way off. Looking at Table 2 for Predicted annual expenditures for one child in a one child family. It costs $14960 a year from 0-5 or $1246 a month which seems much more realistic. I wonder if you were assuming that total was from 0-5 rather than the total per year from 0-5. If you take the 0-17 total of $290,580 the monthly is $1424.
I'm seeing it written as “total expenses” for each age group, not yearly expenses.
$1200 a month for an infant seems outrageous! LOL
$1200/mo for literally everyone else in this discussion seems entirely what we expected