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
Opinion: Social housing in Sea Point won't collapse your world! - John Maytham

Opinion: Social housing in Sea Point won't collapse your world! - John Maytham

Social housing in Sea Point will house the very people who you are happy to have look after your kids & serve you in restaurants.

Sale of Tafelberg gets green-light from Cape Town City

Sale of Tafelberg gets green-light from Cape Town City

Despite months of protests and lobbying, affordable housing and redevelopment finally lose the battle for Tafelberg site.

Opinion: Laying equal blame on parents in Spur spat is wrong says Eusebius

Opinion: Laying equal blame on parents in Spur spat is wrong says Eusebius

He believes it's a moral cop-out to say the only thing going on in the video is two adults behaving badly in front of the kids.

Is Uber dying? Stuff’s editor explains…

Is Uber dying? Stuff’s editor explains…

High ranking employees are resigning en masse as crisis upon crisis pummel lossmaking Uber.

Spur CEO: Man's pic will be up at restaurants and he is not welcome

Spur CEO: Man's pic will be up at restaurants and he is not welcome

Spur CEO says staff aren't equipped for this kind of customer confrontation and he will consider reviewing their training manual.

WATCH: Spur bans man after heated spat caught on camera

WATCH: Spur bans man after heated spat caught on camera

A man has been banned from Spur after threatening a woman during a heated argument which was captured on video and has gone viral.

Spur tightens its belt as 'two for the price of one' Monday burger special ends

Spur tightens its belt as 'two for the price of one' Monday burger special ends

The CEO of Spur says food inflation has played a big role in making this difficult decision.

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…