What Is the Cost of Raising a Child?

What are the expenses in raising a child? Or more children? Those are the questions that started this research, which entails the analysis of the budget distribution issue in relation to family expenses from the parent’s point of view – buyers of products for the whole family. The chosen research issue for this study is represented by the analysis of the structure of the expenses budget of families with 1 to 3 children aged between 0 and 14 years as well as determining the average expenses dedicated to children in the family budget. For this, we constructed through the quota method, a sample of 60 families supporting children aged 0 to 14. During the period of 3 consecutive months (November 2019 – January 2020) these families put all their expenses in a daily journal meant to record them based on different categories and sub-categories. The data analysis comparatively presents the main types of expenses destined strictly for children.