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The real cost of raising kids

The updated figures might surprise you
Have kids, or thinking about having kids, and wondering how much it cost to raise a child from birth to 18 years of age? This article from Money Sense magazine has the answers you are looking for.

Everyone knows that raising a child is expensive. This article from Money Sense magazine tells us just how expensive it really is.

If you have kids or are thinking about kids this information can be helpful for knowing how to plan your budget, especially when having kids often means a reduced income for one of the parents for at least the length of the parental leave (if not longer if the decision is made to stay at home).

READ THE ARTICLE HERE

Did You Know?

1

Many people who file for bankruptcy get to stay in their home.

2

In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

3

Many people who file for bankruptcy are able to keep their vehicle.

4

Most bankruptcies are NOT published in the newspaper.

5

Student loans can be included in a bankruptcy if they are more than seven (7) years old.

6

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.

7

In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]