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: