http://www.leidenandleiden.com Tue, 08 May 2012 04:20:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.leidenandleiden.com/2012/05/children-good-family-bad-pocketbook/#comment-17 Having children: good for the family, bad for the pocketbook Tue, 08 May 2012 04:20:19 +0000 http://www.leidenandleiden.com/?p=703#comment-17 [...] I have often joked about how my father presented me with a bill for $250,000 immediately after my college graduation. He explained that it represented the cost of feeding, clothing, raising and educating me through college. Unfortunately for today’s parents, $250,000 would barely cover their children’s expenses through high school, let alone college. While many couples will carefully consider their options and weigh their finances before purchasing a home, far fewer take the necessary steps to ensure the affordability of raising a child, especially when the long-term expenditures for the child would probably exceed the amount spent for housing over the same time period. As a result, we often meet with young couples who are struggling with increased expenses and reduced income in the wake of a recent childbirth. While our firm cannot make the task of parenting any easier, we can offer some guidelines to consider when making the decision to enlarge your family. Hopefully, these suggestions can prevent a post-birth visit to a bankruptcy attorney.Source: leidenandleiden.com [...] [...] I have often joked about how my father presented me with a bill for $250,000 immediately after my college graduation. He explained that it represented the cost of feeding, clothing, raising and educating me through college. Unfortunately for today’s parents, $250,000 would barely cover their children’s expenses through high school, let alone college. While many couples will carefully consider their options and weigh their finances before purchasing a home, far fewer take the necessary steps to ensure the affordability of raising a child, especially when the long-term expenditures for the child would probably exceed the amount spent for housing over the same time period. As a result, we often meet with young couples who are struggling with increased expenses and reduced income in the wake of a recent childbirth. While our firm cannot make the task of parenting any easier, we can offer some guidelines to consider when making the decision to enlarge your family. Hopefully, these suggestions can prevent a post-birth visit to a bankruptcy attorney.Source: leidenandleiden.com [...]

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