Raising a family is a common goal among many Canadians all across the country. But with the cost of just about everything on the rise, it can seem next to impossible to afford to raise a child these days. From diapers and childcare to braces and post-secondary education, it’s important that you get your finances in order and make sure you understand the financial commitment that comes along with being a parent. To give you an idea of what you’re in for, we created an infographic that breaks down the cost of raising a child in Canada.
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Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.
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