The Cost of a Baby PDCP. How much do you think it costs to have a baby?  Use the sheet provided to brainstorm the different items you would have to buy.

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Presentation transcript:

The Cost of a Baby PDCP

How much do you think it costs to have a baby?  Use the sheet provided to brainstorm the different items you would have to buy for a baby.

The following things are items you may need to buy for your baby. We have compared prices from retail stores in order to find the cheapest prices. We have taken the average of the expensive and the least expensive prices with some of the items. All these prices are local to Fredericton.

The costs… Item: Price MonthlyYearly Diapers per box

Wipes Item: Price MonthlyYearly Wipes

Item: Price MonthlyYearly Diaper Cream

Item: Price MonthlyYearly Formula$28.97 $115.88$ % of teenage parents choose formula over breast feeding.

Item: PriceMonthlyYearly Bottle/ Nipple As babies grow they need different bottles, nipples, etc.

Item: Price MonthlyYearly Soother

Item: Price MonthlyYearly Bibs

Item: Price MonthlyYearly Toys Babies don’t usually need too many toys until they are 6 months or older. Many toys can be purchased second hand.

Item: Price MonthlyYearly Clothes$10.00$40$480

Car Seat  Infant car seat (bucket seat) Price: $100 (same for monthly and yearly) 1 year old car seat Price: $100 (same for monthly and yearly)

Item: PriceMonthlyYearly Crib

Item: Price MonthlyYearly Mattress Item: Price MonthlyYearly Stroller

Item: Price MonthlyYearly Safety Measure

Item: Price MonthlyYearly Day care ,000.00

Item: Price MonthlyYearly Housing , This number is for a room (one room) in a subsidized housing complex, thus the low cost.

Item: Price MonthlyYearly Transportation

Item: Price MonthlyYearly Health Care If your child needs medicine for a cold, teething, etc

The total for one year… $ 14,613 dollars

Let’s consider… A teenager who works full time at minimum wage. At 40 hours a week you would make $ a week without taxes taken off. The yearly income would be $21,424. (This does not include deductions like income tax, EI & CPP) With deductions, your income would be $18, 232

The cost of a baby for one year… $14,613 Your yearly income… $18, 232 Money left over… $3619 (or $301 per month)

However…do you want to go back to school? Of course, you would be making less money, and you would have to be paying for school. Baby’s are cute, but they certainly complicate things. Would you have enough money to support your baby? For one year? And…remember there will be at least 18 more years after that…