The cost of raising a child in 2017 is sky high

Sydney Sekese, financial planner at the Financial Planning Institute says people should be made aware of what they are in for when deciding to have a baby.

He says parents need to be mentally prepared to raise a child due to the exorbitant costs of raising children.

Sekese has looked at some of the numbers and found out that it costs around R90 000 a year to raise a child in 2017.

He says if you exclude inflation from the equation, the cost of raising a child adds up to R2.07 million by the time the child reaches 23 years of age.

To hear more on the cost of raising a child, listen below:

Read More
No more mahala for indebted municipalities, explains acting Eskom boss

No more mahala for indebted municipalities, explains acting Eskom boss

Eskom will interrupt the power supply of owing municipalities five hours a day from January 16, explains acting CEO Matshela Koko.

Moving? Getting divorced? Keep money in your pocket when change is in the air

Moving? Getting divorced? Keep money in your pocket when change is in the air

Personal finance consultant Samke (Sam) Ngwenya discusses finances in times of change.

Why data costs are unlikely to fall - economist

Why data costs are unlikely to fall - economist

Luke Muller on the call that data costs must fall, says smartphone usage is still in relative infancy and should be left to grow.

What is the price of education in SA?

What is the price of education in SA?

Head of Price Statistics at Statistics SA gives an estimate of the cost of education in SA starting from primary to university.

The cost of education is high, learn to save for your child’s future

The cost of education is high, learn to save for your child’s future

Finance journalist Maya Fischer-French shares tips (from personal experience) on how to start saving for your child’s education.

The cost of education (and alternatives to scrounging to afford private school)

The cost of education (and alternatives to scrounging to afford private school)

Education inflation is currently at nine percent. But that needn't exclude your child from receiving quality education.

Popular articles
LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.