Expectant parents worry about the cost of college, but they might be better off diverting their attention to a more immediate cost: child care.
According to an infographic from caregiving site Care.com, American families spend an average of $US18,000 a year on care for their children. That’s more than taxes, housing, or even college. (Although if your progeny attends one of the 50 colleges charging over $US60,000 a year, these stats might not apply.)
Despite the steep price, nearly half of families don’t budget for child care, and 75% of families feel overwhelmed or surprised by the cost.
Below, learn more about what to expect when it comes to child care, plus tips to make the expense more manageable.