Parenting is no walk in the park. It takes love, time, effort, patience and, of course, lots and lots of money. A recent study puts the average cost of raising a child from birth to age 18 at close to $240,000. And then there’s college. Should you decide to fund your kid’s tertiary tuition and extras, it could set you back hundreds of thousands of dollars more.
One single mom shared how she’s made many sacrifices over the years to save for her daughter’s college fund. Only for her daughter to threaten to cut contact contact with her once she starts studying. The mother is now considering keeping all the money, and spending it on herself and her son. But she’s not sure if she should. Bored Panda spoke to analyst and finance writer, Chip Lupo, from WalletHub for their take on the matter.
