what is the monthly cost of teen parenting?

Question

for my 11th grade health class i have to do a project on teen parenting. we have to figure out financially how much money it costs per month. this includes housing, auto, baby costs, and general (food, health care, savings, etc).

Answer 1

Go through your local classifieds and find an apartment that looks like one you'd like to live in. There's your housing cost. Don't forget renter's insurance and furniture. Do the same with a car (dealers often list a predicted monthly car payment next to their ads). Don't forget car insurance and gas as well as oil changes, and general maintenence.

Baby costs:
Diapers (huggies from Costco)=$40/month
Formula (Parent's Choice from Walmart)=$50/month
wipes=$6/month
clothes=$50/month
lotion, baby wash, misc=$10/month
baby gear (carseat, stroller, crib, changing table, swing, jumperoo, bouncer)=$1000
Daycare=$800-$2000 depending where you live
health insurance for baby=$80/month
doctors co-pays for visits=$30/month

food for you=$200/month
entertainment (movies, meals out with friends, new clothes, etc) for you=$100/month

Answer 2

Well, teen parenting is going to cost about the same as adult parenting.

The actual cost is going to depend on your geographic area. We're adults, but I will give you an idea of our monthly "necessary expense" break-down to get you started. We are in the pacific northwest.

Rent for a 2 bedroom apartment: $800
Renter's insurance: $22
Car payment (for one car): $200
Car insurance (for one car): $150
Gas: $120 (three tanks a month)
Electricity, water, sewer and garbage: $90
Medical insurance (for one adult and one child): $309.45
Groceries: $200
Diapers and wipes: $35
Phone bill: $28
Daycare (I got this estimate off the web since we don't use daycare): $560

total: $2514.45

**There will also be months when the baby will need new clothes (they outgrow their clothes at an amazing rate!)

Now imagine that in our area, minimum wage is $7.80 an hour, federal tax is 10% and state income tax is 5%. That means after taxes, a person working full time at minimum wage is bringing home $1100.21a month. Which means they would be short $1414.24 every month!

So obviously...there wouldn't be any money left to contribute to a savings account!

Answer 3

Well, that depends on where you live. Here is an example to help you out (my own costs)

Rent: $1250/month
Car payment $300 month
Gas $100 month
Diapers $12 week (more for a newborn)
Formula (if you don't breasfeed) is very expensive (look in the grocery store)

You won't need baby food for a while, but after they turn about 6 months old it would be about $10 /week

Anyway, do some of your own research , but that should help!

Answer 4

The cost of raising kids depends on how much you do for them and whether or not they actually APPRECIATE what you do. Raising kids isn't cheap, and that's before you feed and clothe them *lol* Add that to the weekly therapy costs for having to deal with the crap they think it's okay to put us through. We're people, not money trees, and if you want something of monetary value, you need to earn it, not just stick your hand out and expect money to drop into it. Sorry, but parents get a rough deal too, it's not all about you, you, you!

Answer 5

There is no financial difference between teen parenting and adult parenting.

The only difference is that you cannot afford it. Unless ofcourse, you're an Olsen twin. Even at 16 they could have had children and given them the best life possible.