We're in the middle of the stretch between Mother's Day and Father's Day, where kids are really supposed to appreciate their parents. And based on these numbers . . . a homemade coffee mug isn't CLOSE to cutting it.
According to a new study, the average parent spends more than $78,000 on each of their kids, from the time they're born until they turn 18.
It's based on the fact that the average parent spends about $4,300 per year on clothes, shoes, lessons, activities, camps, sports, allowance, and presents.
The biggest chunk of that comes from clubs, sports, and camps, which come in around $1,240 per year. Birthday presents, Christmas presents, and parties are the next biggest expense, at $566 per year. Even haircuts cost $72 per year.
The study found there's not a huge difference between raising a boy and a girl . . . girls only end up costing an extra $76 per year.