{"id":947,"date":"2019-05-01T08:00:18","date_gmt":"2019-05-01T12:00:18","guid":{"rendered":"https:\/\/fortax.ca\/?p=947"},"modified":"2019-05-01T08:00:18","modified_gmt":"2019-05-01T12:00:18","slug":"the-costs-and-rewards-of-motherhood","status":"publish","type":"post","link":"https:\/\/evolvethought.com\/fortax\/2019\/05\/01\/the-costs-and-rewards-of-motherhood\/","title":{"rendered":"The costs \u2014 and rewards \u2014 of motherhood"},"content":{"rendered":"<style>\n.page-title-inner {display: none;}\n.entry-header-text-top {display: none;}\ndiv#comments {display: none;}\n.entry-author {display:none;}\nfooter.entry-meta {display: none;}\n.sp-big-p {font-size: 120%; font-weight: 600;}\n<\/style>\n<h4 style=\"font-size: 180%; font-weight: 500;\">Listen to this Podcast<\/h4>\n<p><iframe frameborder='0' height='94px' scrolling='no' seamless src='https:\/\/simplecast.com\/e\/243e451a?style=medium-light' width='100%'><\/iframe><br \/>\n[gap]<br \/>\n[divider width=&#8221;100%&#8221; height=&#8221;1.5px&#8221;]<\/p>\n<h2 style=\"margin-bottom: 1em;\">The costs \u2014 and rewards \u2014 of motherhood<\/h2>\n<p>We all \u2014 especially the moms out there \u2014 know that parenthood requires a lot of sacrifices.<\/p>\n<p>There are, of course, the lifestyle changes that require trading in freedom for the most significant, most permanent commitment of all. And there are the financial costs of raising one, two, or more children.<\/p>\n<p>Every now and then, a report comes out reminding us about the price tag that comes with raising a child. The cost of diapers and baby wipes are tallied up ($1,850 for the first year). Day care is probably the largest expense in the early years for working parents, especially in cities where fees come in at $1,000 or more a month. Add in clothes, food, housing and all the other associated costs, and the totals increase steeply.<\/p>\n<p>The estimates for raising a child in Canada have put the cost at around $13,000-plus a year, or about a quarter of a million dollars to see a child from birth to their nineteenth birthday.<\/p>\n<p>There are also many financial hits not accounted for in these estimates, like taking a reduced salary during parental leave, or upgrading to a larger home with more bedrooms. Then there\u2019s higher education: the cost of putting a child through a Canadian university for four years is estimated at $37,000 if they live at home, $80,000 if they live away.<\/p>\n<p>Thankfully, most parents make the decision about whether to have children with their hearts rather than with calculators and spreadsheets.<\/p>\n<p>No amount of money can put a price tag on the emotional rewards of being a mom. We can worry about the cost of diapers, but for most mothers, that worry melts away when baby says their first word or takes their first tentative steps.<\/p>\n<p>We can itemize how much we\u2019ll pay in child care costs until the school years begin, but we can\u2019t quantify the smile on a child\u2019s face when they reach a major milestone like getting the hang of balancing on a two-wheel bike.<\/p>\n<p>We can calculate the cost of higher education, but we can\u2019t put a price on the pride we feel attending our child\u2019s graduation or seeing our first-born land the first full-time job of their career.<\/p>\n<p>So, with Mother\u2019s Day coming up, on behalf of all the financial advisors, I\u2019d like to give a shout-out to mothers everywhere. Thank you for your sacrifices, financial and otherwise. And thank you for believing, through it all, that the joys of motherhood are worth it, whatever the price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen to this Podcast [gap] [divider width=&#8221;100%&#8221; height=&#8221;1.5px&#8221;] The costs \u2014 and rewards \u2014 of motherhood We all \u2014 especially the moms out there \u2014 know that parenthood requires a lot of sacrifices. There are, of course, the lifestyle changes that require trading in freedom for the most significant, most permanent commitment of all. And&#8230;<\/p>\n","protected":false},"author":1,"featured_media":949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[72],"tags":[],"class_list":["post-947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fortax-blog"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/comments?post=947"}],"version-history":[{"count":0,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media\/949"}],"wp:attachment":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media?parent=947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/categories?post=947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/tags?post=947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}