You get 9 months to prepare for an arriving baby. Well in true sense its 8 months. You’ll make the nursery, you’ll buy clothes, blankets, baby’s furniture, medicines ,toys and what not. But are you financially prepared to meet the demand of a child birth? In US, a child birth is costliest in the world.
Average cost of raising a child hits $245,000 in 2014 for the first 18 years of their life, excluding cost of college education, fertility treatment, adoption, private education,etc. For many its like having another mortgage to pay off in 18 years. You can declare bankruptcy and forego your mortgage, when going gets tough. You can’t abandon a baby!