Font size
WorksheetsChild Development Budgeting for Baby Quick Check 1
Total questions: 12
Worksheet time: 7mins
According to The Department of Agriculture what is the estimated cost of raising a child from birth through age 17?
$103,500
1 million
$233,610
$60,500
According to surveys do most people track their spending or have budgets?
Yes
No
What is the definition of a budget?
This federal law that requires employers with more than 50 employees to give twelve weeks of leave to workers for family reasons
A government resource that provides support to families
A budget is an estimate of income and expenses for a set period of time
The process for getting a loan
What are 2 important tips to creating a quality budget?
spending all the money you have each month
tracking your spending accurately
finding a resource to input all of your budget information
spending most of your income on a car
What was the real median family income in Indiana for 2019?
$73,876
$99, 556
$50,100
$155,333
When looking at the model budget, what are 2 of the biggest budget categories families have?
food
entertainment
personal care
housing
What are some deductions that might come out of your gross income?
taxes
housing
healthcare
transportation
What expense category would most likely increase due to having a new baby?
child care
entertainment
utilities
housing
What are 2 effective ways new parents could potentially reduce their health care costs?
Skip going to the doctor
Attend free or reduced rate clinics
Have employer provided insurance
Wait until the last minute to explore their options
What are 2 one time costs new/expecting parents might have?
maternity clothing
formula
diapers
baby bed
Does it cost more to formula feed or breastfeed your baby?
formula feed
breastfeed
Are there several resources and organizations available to new/potential parents?
yes
no
