Can You Afford a Child in India? 3 Costs You Need to Plan For
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In 2017, Ruchi and I sold her gold bangles to buy our son a bicycle and cover household expenses. That experience changed how I think about the cost of raising a child.
Beyond diapers and school fees, we explore three hidden costs: a lost income, lifestyle upgrades, and education dreams that can collide with retirement. I share a 1-2-3-4 framework for thinking through these decisions together. This is a personal perspective, not a recommendation about whether you should become a parent.
00:00 The bicycle and the gold bangles
02:20 What does it mean to afford a child?
03:51 Why parenthood feels harder to afford
06:41 Hidden cost 1: Losing one income
09:11 Hidden cost 2: Lifestyle upgrades
10:41 Hidden cost 3: Education dreams
14:07 The 1-2-3-4 planning framework
17:22 What children actually need
18:12 My son’s most memorable birthday gift
#Parenting #PersonalFinance #Warikoo
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