What They Don't (and Never Will) Teach You in School
Expecting The Expenses
$25 Diapers, $12,000 for Day Care, And What to Do About College?
Washington Post Staff Writer Sunday, December 9, 2007; Page F01
Like most new parents, my wife and I didn't need much time to become acquainted with hindsight. We should have slept more before Sam was born. We should have fed him before taking him to the grocery store. We should have kept that burp cloth on a few minutes longer.
Also, we should have saved a lot more money. Kids are not cheap to maintain. This became perceptible a couple of months ago, the first time we dropped $25 on a package of Pampers. "Maybe we should go to Costco," my wife said.
. . . I played around with a "Cost of Raising Your Child" calculator on BabyCenter.com, which charts spending estimates using federal statistics on family expenditures for children. I entered the region where we live. I entered our income . . . Then I pointed my mouse to the "calculate" link, clicked, and prayed.My computer told me…