Children are expensive!
Who remembers the times when ice cream balls cost 50 cents? Meanwhile, at least in southern Bavaria, we’re at €1.50. And we all know kids eat a lot of ice cream. But, of course, this is not all: clothes, (healthy) food, and so on are also needed. “How much does a child actually cost?” It concerns not only us in everyday life, the question becomes interesting even before birth.
How much does it cost for a child up to 18 years old?
Of course, the cost of children depends on various factors. Especially in the first few years, you can save a lot of second-hand things. But especially with the first child, you want everything to be especially beautiful. Who does not know that?
Not infrequently, a brother’s issue is also a financial issue. In this regard, the question “How much does a child cost?” It is not only of interest to first-time parents and has not been discontinued after the initial equipment purchase.
Different model accounts are traded based on different mathematical foundations. The easiest to understand is the Federal Statistical Office, which focuses on current consumer spending in its calculations.
So how much does a baby cost per month? So the average cost for children is 763 euros. This means that the costs for a child up to the age of 18 come to approximately 165,000 euros. Parents can start thinking about whether a sibling might be a good idea.
How much do children cost before they start school?
The Federal Statistical Office brings an annual total of about 6,200 euros for the years before school. Too much money! These are only the running costs of food, clothing, furniture, free time, toys, etc. Childcare costs are not included here! The latter, in particular, is no small matter.
Let’s do the math: after the first six years, we’re already at 37,000 euros, plus initial equipment around 5,000 euros and support costs around 3,600 euros a year. All in all: €60,000. It is of course possible for up and down deflections to occur.
How much does a baby cost per month? The Federal Statistical Office summarizes life years from 0 to 6. However, primary equipment is not included here. It can reach 5000 euros.
How much does a child up to the age of twelve cost?
The older children get, the greater their demands are for toys, media, and consumer electronics. And with age, be it a boy or a girl, the desire to dress becomes more and more urgent as well. Statistically, the costs for one child per month are 669 euros. Also here, for example, the costs of childcare in an after-school care center are not included. And when it comes to family vacations, where parents usually have to pay in full for their kids from the age of 12, we’d better not start.
How much does a child cost per month until he turns 18?
A look at the statistics shows that after the age of twelve, children become very expensive. Then the average monthly costs are 812 euros. The main reason: The kids meal days are finally over, and teens are constantly hungry and need lots and lots of food to grow. And those who grow up need new clothes (63 euros per month). Pocket money, spending on cell phones, etc. are now also items to be taken seriously.
How much does it cost for a child up to the age of 25?
Unfortunately, this cannot be answered, because the general circumstances are then very different. One child starts an apprenticeship, but probably stays at home. This means that the costs are less than the costs of a child who studies and graduates.
Some support parents with a part-time job or their training salary, while others are allowed to keep the money for themselves.
The larger the family, the lower the per capita expenditure
The Federal Statistical Office also has good news for us parents: the more children living in a home, the lower the average costs for children. Because we parents only buy at least some of the essential equipment for the first baby and then continue to use it with younger siblings.
This saves money: compared to the monthly consumption expenditure of 763 euros in a family of one child, the expenditures of couples with two children is “only” 638 euros and three children 590 euros per child.
Not taken into account: insurance, care and working hours
The typical calculation of the Federal Statistical Office includes only consumer spending, but not pension and insurance costs. Studies, which may be funded by parents, are not included in the calculation. Necessary investments such as a larger car or a larger apartment are also not taken into account.
Child benefit, parental benefit and similar support families
Parents must be able to afford the monthly costs for the child. Fortunately, the huge expenses for kids are offset by some government benefits that provide a small account balance:
- Child Allowance or Child Allowance
- parental allowance
- maternity allowance
- Housing Benefit for Families: Low-income families can apply for housing benefit, but only if they are not already receiving other social benefits that take housing costs into account (such as unemployment benefit II).
- Child Benefit: Low-income families can also apply for Child Benefit.
After answering the question, how much does a child cost? Now that I have been able to explain, it is clear that having a child with its costs is largely a financial burden. But that’s not what Family Planning is all about. The love we parents experience every day makes up for (almost) everything.
Sources: Federal Statistical Office
How many children will I have?
Image Credit: Gettyimages / Liderina
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