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Report sheds light on the cost of child rearing

On Behalf of | Jun 24, 2016 | Child Support

Almost any parent will tell you that raising a child is an expensive proposition. Children are totally dependent on their parents for shelter, food, and clothing. And there are so many other expenses for medical costs, schooling and various activities. As such, parents may find themselves having to

stretch every dollar in order to properly provide for the household.

And while it may be difficult to put an accurate dollar amount on your child-related expenses, statistics released last year by the Department of Agriculture can give you an idea of the average costs, and the numbers may give you a jolt. For example, it was estimated that in 2014, it cost $12,940 annually to raise a toddler. Moreover, the yearly cost for a teenager was $14,970.

There are several items that take up large chunks of a parent’s income. These include housing, which typically represents 30 percent of a family’s costs. But child care, education, transportation and health care are also substantial eaters of income.

Keeping up with these expenses is difficult in a two-income household, but for single parents, the burden is that much heavier. As such, if you are a parent who receives child support, it is imperative that your child’s other parent makes those payments in a timely fashion.

It is simply not fair for you to have to take on the full financial responsibility for raising your child if his or her other parent has been ordered to contribute to the cause. It can be all too easy for you to get into a cycle of debt if you fall short of covering your expenses month after month.

So, if you are having trouble getting your child’s other parent to live up to his or her child support obligations, a Minnesota family law attorney may be able to help you correct the situation. There are a number of possible remedies that could be used and the attorney could help you decide which one works best for your specific circumstances.

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