It was recently reported that former San Diego Chargers cornerback Antonio Cromartie was $25,000 behind on child support obligations. One of the mothers of Cromartie’s children filed a document with the court that prevented him from selling any property without first being current on his child support. Cromartie has since caught up on his obligations after being traded to the New York Jets and receiving a $500,000 advance on his contract.
It is now more expensive than ever to raise a child. The cost of raising a child from birth to the age of 18 is estimated to range from $180,000-$250,000. As a child gets older, the expenses rise. Older children are often involved in extra-curricular activities like music, dance, or sports. If parents wish to pay for a child’s college education, this can easily add another $50,000 in expenses. Continue Reading