It’s a known fact that raising kids is expensive—$310,605 on average for a medium-income family to raise a baby to the age of 17 years. That’s according to Investopedia. It’s not surprising then that one of the benefits of being child-free is that you have ‘extra’ money. And you can choose where, how, or even if, you want to spend it.
One 45-year-old woman decided that she wanted to contribute to her niece’s college fund. At least that was the case until the teen publicly humiliated her with a badly-placed child-free joke at her high school graduation ceremony. The aunt feels the level of disrespect was enough to make her rethink the college fund offer. But some feel she’s overreacting. Bored Panda spoke to two experts to get financial advice for child-free people. One is WalletHub‘s Financial Writer and Analyst Chip Lupo. The other is Estate Planning Attorney Craig Parker, who is also the Assistant General Counsel at Trust & Will.
