Cost of Raising a Child

According to the U.S. Department of Agriculture, how much will it cost a middle-income couple to raise a child born in 2013 to the age of 18?

• $245,000

• $455,000

• $145,500

• $4,260

Which region in the United States is projected to spend the most to raise a child to the age of 18?

• Urban Northeast

• Rural areas

• Urban Southwest

• Urban Midwest

What expenses are included in the U.S. Department of Agriculture's estimate of raising a child?

• Housing, food, transportation, clothing, health care, education, child care, and miscellaneous expenses

• Housing, food, transportation, clothing, health care, and education only

• Housing, food, transportation, clothing, and health care only

• Housing, food, and transportation only

What is the biggest child-rearing expense according to the U.S. Department of Agriculture's estimate?

• Housing

• Food

• Transportation

• Health care

How much do Britta Gidican and her boyfriend spend on daycare each month for their 17-month-old son?

• $1,400

• $1,380

• $1,360

• $1,340

What has happened to gas prices since 2004?

• They have doubled

• They have decreased

• They have remained the same

• They have increased by 50%

How much have food prices increased since 2008 according to the USDA?

• 5%

• 8%

• 10%

• 13%

What is one way to save money on child-related expenses?

• Use community resources

• Take advantage of tax credits

• Plan and save ahead

• All of the above

What should expectant parents do to prepare for the added costs of having a child?

• Estimate child-related expenses and save that amount each month

• Expect unexpected expenses and save extra money

• Live without any savings

• Rely on coupons for savings

Who is the founder of planning firm Mom and Dad Money?

• Mark Lino

• Bob Gavlak

• Matt Becker

• Kim Blackham