A quick heads up: the financial responsibility arrives before the baby does! So you need enough life insurance, regardless of if you’re trying to get pregnant or a new parent. Life insurance will be a very important purchase to secure your child’s financial future.
In Texas, the estimated cost to raise a child from birth is over $250,000. This estimate only covers housing, health care, food, and clothing. This does not cover college, which can easily range from 75,000 to 150,000 or more.