| To get a kid through college figure 1–1.5M each |
| The biggest expense is childcare and camps. If you have one parent at home, you will spend a lot less than two working parents. The flip side is you will have less income. We did it on one income and it worked well for us but we were fine without fancy trips, expensive cars, etc. We also saved a lot of money by living in a great public school district (we bought the least expensive house in the neighborhood). We skipped summer camps and enjoyed all the great free and low cost attractions DC has to offer plus took fun day trips. For college, our kids went to the state flagship. I have no idea what it cost to raise them but it was a lot less than my nieces and nephews with a nanny, private K-12 and pricey colleges. My kids were more expensive in other ways that one can’t predict though. They needed various expensive therapies. |
High needs medically, academically and emotionally (ADHD and anxiety) maybe a million. |
PP. this is before college. Camps, tutors, testing, medical, sports, scouts, swim team and just living in MOCO. |