How finances change when starting a family

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Starting a family can come with a measure of sticker shock, particularly for young couples without much financial history. Courtesy photo
TEMECULA – Financial changes are a fact of life. Changes occur at every turn, including when students leave home for the first time, people get married and when families purchase their first home. One of the biggest financial changes occurs when starting a family. Starting a family can come with a measure of sticker shock, particularly for young couples without much financial history. Since the 1960s, the costs associated with raising a family have risen exponentially, according to financial resource MarketWatch. Between 2000 and 2010, costs rose by 40%. Data from Money.com indicated that as of 2015 American parents spent on average more than $230,000 on child costs from birth until the age of 17. The U.S. Department of Agriculture said that today that number is closer to $245,000 per
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