Expanding your family can be exciting, but it can also usher in major changes that impact your family finances. An additional child comes with added costs that will undoubtedly change the way you spend and save money. According to a 2025 LendingTree study, the annual cost of raising a small child (from food and apparel to transportation and childcare) is $29,419. Of course, this is just an average, but it highlights the need for growing families to carefully review and adjust their budgets. So, if you’re ...