ICYMI: Thinking of having kids? Get ready for some sticker shock when calculating the cost — via financialpost PersonalFinance FamilyFinance
As interest rates continue to rise, it’s not surprising that many parents are feeling the financial pinch of parenting. According to a survey by PolicyMe Corp., a Toronto-based digital life insurance firm, 70 per cent of parents say Canada is becoming unaffordable, with 47 per cent noting that food is the most expensive and/or challenging child-related spending expense to manage, followed by clothing, shoes and other accessories at 43 per cent.
During the group consultation when the doctor outlined the procedure’s costs, he recalls that some people broke down in tears because they knew they couldn’t afford it. In some provinces, however, some may be eligible for one cycle of government-funded IVF.Article content “Everything you read online is subjective, but when you talk to a parent who has dealt with it recently, that’s where you get the real-life information,” he said.
Don’t forget to create some cushioning for some fun stuff either, he adds, so that stay-at-home parents don’t feel guilty spending on occasion even if they’re not “working.” “That’s where I’m buying a lot of my kids’ sporting equipment now, which can save so much,” she said. For parents who can afford it, she’s also a big fan of the registered education savings plan as a tax-efficient way to save for a child’s education. The federal government will add 20 per cent on top of your annual contribution of up to $2,500, though the lifetime contribution limit is $50,000 per beneficiary.Article content
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Ms. Marvel Producer Reveals Series Takes Place Soon After Avengers: EndgameMarvel Studios is getting ready to release its Ms. Marvel series on Disney+ next week and [...]
Weiterlesen »
Nick Cannon defends having kids with 5 women: ‘It’s not about what society deems is right’Cannon is expecting his eighth child after girlfriend Bre Tiesi announced she was pregnant in January.
Weiterlesen »
Sticker shock: High gas prices could impact who decides to evacuate this hurricane seasonOut of the four states polled, Florida came out on top for having the highest percentage of respondents saying they’ll ride out the storm.
Weiterlesen »
Getting my kid to sleep took hours until we got an unexpected diagnosisI thought this condition only affected pregnant and old people. I was wrong.
Weiterlesen »
NPR Cookie Consent and Choices
Weiterlesen »
Where’s Kim’s Rank? Beauty’s Most Expensive Skin Care RoutinesAs Kim Kardashian gets ready to launch a $630 skin care collection on June 21, here's a look at the priciest lines.
Weiterlesen »