https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr Lesley Turner || 100706098 en-us 2020-11-30 17:11:47 UTC 2025-09-24 22:41:25 UTC hello@padlet.com https://padlet.net/icons/png/1f468-1f469-1f467-1f466.png lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972334477 Welcome to my Parenthood Wall. Although I have yet to experience it myself, parenthood seems to be one of the biggest financial commitments anyone can ever make. From diapers to groceries to college, a child needs their parent to pay for so many things. This wall is meant to take an in depth look at just what those costs will really add up to. Enjoy :) ]]> 2020-11-30 17:14:49 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972334477 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972335185 This picture breaks down a years worth of costs for post secondary education.
I chose this picture because a lot of kids are lucky enough that their parents pay (or partially pay) for their education and I think it is important for parents to prepare for that early. It can cost quite a bit and just like Website 2 suggests, an RESP can be very helpful if it is managed correctly. 
Canadian university costs in six charts | MoneySense]]> 2020-11-30 17:14:57 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972335185 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972335912 This is a photo of a basic family, 2 parents and 3 children. 
Although this photo is very basic, I find it to be very important for this wall. This photo represents families that have multiple children. I would consider msot families to have 2+ children (while many only have 1, which is also cool) but when it comes to the costs of parenting having more than 1 child makes things even more expensive and I think that needs to be considered as well when thinking about the cost of children. 
The "Average Canadian Family" Has Changed (teachingkidsnews.com)]]> 2020-11-30 17:15:06 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972335912 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972338301 This website really looks at 6 (in my opinion) huge financial things that a parent will have to either pay for ("The Unexpected") or genuinely consider paying for ("Extracurricular Activities"). This website explains why they have chosen these 6 points and gives details as to why they would be important to consider. 
I chose this website because it is by an accredited source whose main job would be to help with money and because I definitely agree with points they have chosen to include.  I like this website because it takes into consideration the needs of children that may not always be considered "necessary".]]> 2020-11-30 17:15:32 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972338301 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972338921 This website takes a look at the actual banking/ government help associated costs that come with having children. It touches on RESP's, Maternity and Life insurance as well as everyday daycare costs and child's benefit. 
I chose this website because all of the points it looks at are, and will really always be, some of the most important things parents need to consider financially when having children and understanding them will benefit the parents. I think this website is very beneficial when considering parenting costs because these are some of the biggest things parents will ever put money towards. ]]> 2020-11-30 17:15:39 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972338921 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972339615 This website really breaks down every single thing that a parent will spend money on for their children. It takes into consideration everything a child will need from the moment they are born to when they turn 18. This site looks at many things such as transportation, food bills,
I chose this site because a few other sites actually sited it as being one of the most accurate and after reading it I could see why. I like that the site has actually done a fair bit of research and it is evident when reading as they actually break down how to got the cost of each point and explains them quite well. ]]> 2020-11-30 17:15:46 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972339615 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972340289 This website compares the cost of raising children in Canada to the cost of raising children in the USA. It compares thins such as the amount of parental leave allowed from work when having a baby, the cost of the hospital visit for birthing, the subsidies provided by the government and the actual yearly costs of having children. 
I chose this website because it compared the cost between two dominant countries and I did find it interesting to see how different it would be financially to raise a child in another country. I think reading things like this would make almost anyone appreciate raising a child in Canada and would definitely give them different perspectives. ]]> 2020-11-30 17:15:53 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972340289 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972341863 1. This topic shocked the heck out of me entirely. I was completely unaware that parenting costs as much as it does, even just on a yearly basis and I will continue to do research to prepare myself. 

2. Parenthood is an extremely relevant topic for me as someone who would like to have a child or two (hopefully) one day. After seeing the numbers and expectations, I will need to make a lot of considerations before I go down that path. I may also start financially planning now. 

3. I would like to inform anyone I knew that parenthood is beyond expensive and they should start planning as early as they can. It is a huge expense and having to plan any of it last minute would not be a smart move for themselves or the child. I would pass on the information I learned about RESP's as they can be easily forgotten about early on but should be one of the first financial planning steps.  ]]> 2020-11-30 17:16:10 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972341863 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972345331 This video is mainly a discussion on when the cost of your children is the highest and what to expect in the future. The people in the video decided that the highest cost of having a child would be during the day care years as it can be quite expensive. 
I chose this video because the 2 people involved seemed to make excellent points regarding the highest bills when having children along with touching on points like the RESP's and how much post secondary education would cost. They also touched upon grocery bills getting higher as children age and I think that is an excellent point. ]]> 2020-11-30 17:16:47 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972345331 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972346141 This video describes, at length, the process and associated costs involved with adoption into Canada. The video also takes into consideration the costs involved with adopting from other countries and what to expect.  The video describes different types of adoption, the fees and the travel expenses. 
I find this video very important to include because adoption is such a large topic and a lot of families would not involve kids if it weren't for adoption. Some parents are unable to have their own children, so adoption is their best option which means they will need to look into all the fees involved and see what would be a good option for them. ]]> 2020-11-30 17:16:56 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972346141 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972346806 This video has an expert accountant step up and describe how new parents or just parents in general are beyond surprised at the cost of actually raising a child. The expert says that their estimate on raising a child from 0-19 years old would be about $250k. 
I chose this video because I find that someone saying the amount out loud instead of reading it in an article can sometimes makes it seem more real (depending on how people learn). I think it is important for people to be prepared and know what the real estimate is before having a child. I also like that the expert is very personable, explaining that she is a mother and was shocked by the cost herself. ]]> 2020-11-30 17:17:03 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972346806 lesleyturner https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972347404 This video is from the news in 2019 (which means the cost has likely risen since) explaining how child care in Canada is an astronomical expense to parents. The video sows how where you live obviously affects how much child care will cost, overall however, it costs parents a lot of money. This would include child care, after school care or "date night" care even. 
I chose this video because the cost of day care can be the biggest struggle for new parents that need to return to work. Obviously some parents are lucky enough to have family or friends that would care for their child, but I would say the majority doe snot have that option. When having a child, or multiple even, in child care can be very draining on a parents income and should be seriously considered early or even before having children. ]]> 2020-11-30 17:17:09 UTC https://padlet.com/lesleyturner/9nv1fp1rpawyd4hr/wish/972347404