The government recently calculated the cost of raising a child from birth to age 18 and came up with $160,140 for a middle-income family. Talk about sticker shock. That doesn't even touch college tuition. For those with kids, that figure leads to wild fantasies about all the things we could have bought, all the places we could have traveled, all the money we could have banked if not for (insert child's name here). For others, that number might confirm the decision to remain childless.
But $160,140 isn't so bad if you break it down. It translates into $8,896.66 a year, $741.38 a month or $171.08 a week. That's a mere $24.44 a day. Just over a dollar an hour. Still, you might think the best financial advice says don't have children if you want to be rich. It's just the opposite.
There's no way to put a price tag on:
What do you get for your $160,140?
For $160,140, you never have to grow up. You get to finger-paint, carve pumpkins, play hide-and-seek, catch lightning bugs and never stop believing in Santa Claus. You have an excuse to keep reading the adventures of Piglet and Pooh, watching Sunday morning cartoons, going to Disney movies and wishing on stars. You get to frame rainbows, hearts and flowers under refrigerator magnets and collect spray-painted noodle wreaths for Christmas, handprints set in clay for Mother's Day and cards with backward letters for Father's Day.
For $160,140, there's no greater bang for your buck. You get to be a hero just for retrieving a Frisbee off the garage roof, taking the training wheels off the bike, removing a sliver, filling the wading pool, coaxing a wad of gum out of bangs and coaching a baseball team that never wins but always gets treated to ice cream regardless. You get a front-row seat to history to witness the first step, first word, first bra, first date, first time behind the wheel.
You get to be immortal. You get another branch added to your family tree, and if you're lucky, a long list of limbs in your obituary called grandchildren. You get an education in psychology, nursing, criminal justice, communications and human sexuality no college can match.
You have the power to heal a boo-boo, scare away monsters under the bed, patch a broken heart, police a slumber party, ground them forever and love them without limits, so one day they will, like you, love without counting the cost.