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That does not include eating out, which I plan to do often. What about soap, toothpaste, deordorant, shampoo, etc.? According to the same source, those things add up to a minimum of $2,185 a year!
These prices are also just for one child each year, that doesn't include the costs you will be paying for yourself.
What about education? As a parent one must decide whether to send their child to public or private schools. Although public schools tend to be virtually free, private institutions are quite costly, in fact, private grade schools can cost as much as $9,000 a year! (Barrett, Donna...
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