Raising kids brings joy, love, and… big bills. In today’s economy, it costs around $21,681 a year to raise just one child. Over 18 years? That’s more than $237,000 — and college isn’t even included.
We’re not here to scare you. We’re here to help you feel ready.
Childcare and housing are often a family’s biggest costs — each topping $1,000 a month in many areas. These aren’t extras. They’re essentials. No wonder parents feel stretched thin.
Your Budget Should Grow With Your Kids
Diapers today. School fees, sports, and phone plans tomorrow.
Diapers today. School fees, sports, and phone plans tomorrow.
As your child grows, so do your expenses. That’s why it’s smart to review your family budget every month. Life changes fast. Your plan should too.
Start Early — It Adds Up
Planning ahead doesn’t just lower stress. It saves real money. Start by looking into:
- 529 College Savings Plans
- Coverdell Education Savings Accounts (ESAs)
- New rules that let unused 529 funds roll into a Roth IRA for your child
Small steps now lead to big wins later.
Keep It Simple — And Save
Skip the trendiest stroller. Forget the pricey baby gear you’ll use once. What matters most is what your child actually needs — not what’s trending online.
Being practical is smart. It also feels good.
Money Can’t Buy Love — But Peace of Mind Helps
Nothing compares to the joy of watching your child grow. And when your finances are solid, you can focus more on those special moments — not the stress.
BOFCU Is Here for Your Family
- Personal financial guidance
- Flexible savings plans
- Local support you won’t find at big banks
Let’s build a financial plan that grows with your family — one step at a time.
Stop by your local BOFCU branch or get started online today.