According to the government estimates, it costs $279,000 (or $16000 a year through age 17) to raise a child born in 2005 for a family in the top third income bracket. One girl wants to raise ten children, then she needs to prepare $2,790,000 for the expenses, haha. The article further estimates that if you want to send your child to a private school, then it will cost additional $6000 a year or $60,000 in total. Besides, if you want to increase your children's experience and competitiveness, you may want to spend some money in family travel or art training classes or sports team. So, I estimate that it should cost $350,000 to raise a child before college. I am planning to have three children, so that is about $1 million. That's a lot. That doesn't include college tuition and expenses. Hope I can have smart children so that they can earn scholarship,haha. The first step is to find a smart wife.
From now on, I will work hard so that I will have money to raise three children. ^_^
Here is the breakdown of child spending for curious readers.
Education: $36,030
Transportation:$37,140
Health Care: $16,620
Entertainment:$33,000
Housing: $103,380
Food:$40,560
Clothing:$12,720
My friend said that he is going to feed his children with instant noodle so that he can save a lot of money from food,hehe.
Actually I secretly wish I had three children although it is indeed very costly. :))
So, it's very slow for me to type in Chinese.