What budget should be reserved for expenses related to your child?

Your child is undoubtedly the apple of your eye and you would do everything to ensure their happiness and development. He asks you to spend a lot of money, whether to ensure a good education or to please him. We inform you in our article of the day on the budget to reserve for your child.

The budget for a child from 0 to 3 years old

From birth, you will have to devote a large part of your expenses to your toddler. We obviously think of childcare, with complete equipment so that your baby grows up in the best environment, medical care to alleviate his first small health problems or even clothes to change every three months maximum given his rapid development. You should also think about the cost of the crèche registration that will be necessary during your absences. Moreover, do not hesitate to find out more about the prices of Les Petits Chaperons Rouges crèches directly on their website. On average, it is necessary to plan a budget of 6000€ per year for your little one.

The budget for a child from 3 to 14 years old

From 3 years old to 14 years old, your child grows and begins to discover himself. He goes through ages where he learns, he gets active, he spends himself, he marvels at the world around him. This fulfillment and this evolution go through many expenses, which include for example school, with registrations or even school supplies. You may also have to pay membership fees for sporting, artistic or cultural activities. In addition, we must not forget that his diet evolves at the same time as him and that you must now diversify the meals. The doses are not the same as when he was a baby. It takes about 5450€ per year for your child.

The budget for a child aged 14 to 20

After the age of 14 and up to the age of 20, your child gradually turns into a teenager and asks for even higher fees. Indeed, it is during this period that he will express his personality and reveal his character by asserting himself socially in particular. Thus, you will have to take into account in your expenses his social activities such as his outings in town, his parties and evenings of all kinds or his holidays with friends. To ensure his development, also reserve a sum for his passions which can be multiple at this age. Not to mention the phone plan or additional costs such as a driver's license or the purchase of a first vehicle! Count on average 7020€ of budget per year for your teenager.

As you will have understood, your child may take up a lot of space in your life, but he also takes up a huge space in your wallet. We recommend that you plan ahead for the expenses you will incur for him to save in advance and not be caught off guard.

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