Can You AFFORD to have a CHILD? | Finance with Sharan
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Are you considering starting a family or have you recently become a new parent? Congratulations! While this is an exciting time, it's also important to understand the financial responsibility that comes with raising a child. In this video, we'll break down the real cost of having a kid like discussing the immediate expenses you can expect, such as hospital bills, childcare costs, food, clothing, and education.
Additionally, we'll talk about the importance of creating a financial plan and setting a budget for your family. We'll provide some helpful resources and tools to help you get started!
By the end of this video, you'll have a better understanding of the true cost of having a kid and be better prepared to navigate the financial challenges of parenthood. So sit back, relax, and give this video a big fat thumbs up if you enjoyed watching it. Also, don't forget to comment, share and subscribe to my channel!
Connect with me:
Instagram: / financewithsharan
Facebook: / financewithsharan
LinkedIn: / sharanhegde95
Twitter: / financewsharan
#financewithsharan #kids #family
Пікірлер: 342
This guy day by day making us realise why existing is difficult in this world 😢
@swsissri
Жыл бұрын
Think like this, he is preparing for the next worst situation 😀
@anuraggurram
Жыл бұрын
Don't fall into these traps. Do you think we didn't have any plans to save our taxes with our own decisions. It's just he is making money out of us not like we never lived on our own.....
@AnujKumarNigam
Жыл бұрын
@@swsissri You need to have a balance between worst situation and daily life.
@dhruvpillai7847
Жыл бұрын
But he is also giving us solutions to survive in a better way.
@whatever7004
Жыл бұрын
😅
I am Child. Watching for my future planning 😂👶👶 OMG, I have got some much likes first time in my life❤
@Shreyansvlogs562
Жыл бұрын
Same
@tejasapte331
Жыл бұрын
Same
@sspeedtail
Жыл бұрын
Same bro 😅
@Beingishan05
Жыл бұрын
Me tooo 😂
@user-sz9ys8hn6r
Жыл бұрын
Same bro i am only 17
You should also make a video on can you afford a wife 😂
@abhimurthy
Жыл бұрын
😂😂😂
@arnoldsujankatru9667
Жыл бұрын
Not kidding Much Needed
@taijumfakir
Жыл бұрын
😂😂 ya right bro
@chiraghirani216
11 ай бұрын
😂
@decent2086
11 ай бұрын
I agree 💯
I am mom of a child & others are stressing me to have another child including hubby bt I shared this video to him. One of the reason for not having another child is financial stress, bt people don't understand. Thanks bro for the wonderful video. Our society don't think of practical difficulties bt this video may be an eye opener to atleast few.❤❤❤
@nivesh3991
Жыл бұрын
This video is completely stupid. Earlier our parents/grandparents didn't have any money but still had multiple children. One of the primary goal of any living being is to create new life. Every mother needs to have 2.1 child in order just maintain the population. Having less than 2.1 kids leads to population decline. Many countries like China,Japan,Europe are now facing this problem.
@GreenDriveIndia
Жыл бұрын
As a father of two.. I totally disagree with the video. Yes there are/will be finance issues but single child will have no mental support once he grows up. I can't imagine living without my siblings. A brother or sister is needed for the child. If you really love your first kid, have another kid so that both can grow up. I have many sweet memories about brother since childhood, can't imagine how boring it would be to grow alone. If you are living in a joint family then only it is okay.
@thabi1312
Жыл бұрын
@@GreenDriveIndia I too totally agree but doesn't suits for this generation. It is a myth that single child doesn't have mental support.
@GreenDriveIndia
Жыл бұрын
@@thabi1312 I have no data to back my statement apart from my own experience. We both had a hell of a good time together. Atleast we were together till my marriage.
@voicevy3210
Жыл бұрын
@@thabi1312seriously this is no myth. more parents unable to cater time, compensating this with additional activities.
I hope we Indians understand this and our population comes down drastically... India's biggest problem is population and politicians, of course.
@knightrider7138
Жыл бұрын
Bro it is already below replacement rate.....soon India will face the problem of ageing population like China and Japan if birth rate further goes down drastically
@wikimm2176
Жыл бұрын
The worst part is, the fertility rate of educated Indians is 1.8, which will turn into a dystopian future.
@ageless1003
9 ай бұрын
@@knightrider7138it's good. I don't want kids.
@knightrider7138
9 ай бұрын
@@ageless1003 you don't want kids that's your choice...but a too low birth rates is detrimental for a country's economy as it will result in an ageing population with more old people and less young people.
@ageless1003
9 ай бұрын
@@knightrider7138 nobody cares brother. If society/government cares then they should provide more subsidy and better childcare facilities.
My muslim neighbour with 8 children laughing in the corner😂
@wewe-fx6un
Жыл бұрын
8!!!!
@Culture_2520
25 күн бұрын
😂
I paid for my own wedding, i take care of my parents, i am constructing my own home. Now, i am expecting a child, should see how this goes. I want to raise my kid to be self sufficient
@TheBharathp87
Жыл бұрын
@@knightrider7138 That's very sweet, thank you so much, best wishes to you as well
@TheBharathp87
Жыл бұрын
@@APEXGAMING99 minimum 2 lakh a month
@knightrider7138
Жыл бұрын
@@TheBharathp87 Welcome bro !
@saiaruneshvs544
Жыл бұрын
Adopt me
@TheBharathp87
Жыл бұрын
@@saiaruneshvs544 😄 Even this is not enough, inflation and growing needs. It's never enough
This video not only helps us to plan for our future kids but also helps us to admire the sacrifice of our parents for us....as they say only giving birth doesn't make you parents...your love and sacrifice make you.... children are indeed a gift of god and they are indeed a part of your own being and we must plan our finances well to give them a good life..and all the expenses in the end will be worth it..when you finally raise them to be a good and successful humanbeing..Thanks Sharan !
@rishu0532
Жыл бұрын
Sach toh ye hai ki unke upar pressure tha, bored thhe cos no internet and hence horny more often isiliye itne bache
@ageless1003
9 ай бұрын
Nonsense.
@knightrider7138
9 ай бұрын
@@rishu0532 that's very poor thinking
🔥Super Exaggerated figures of expenditure related to raising a child in this video. I am a parent of one child and have been planning for another soon. I have been managing my finances effectively and striking a balance with things that important for my child in just a package of less than 7 lacs per annum. I live in a tier 1 city in a rental house with joint family and have been able to save enough to plan for emergencies and investments. Pleaee dont be afraid to have kids. All you have to do is plan expenditures, manage money effectively by investing regularly, avoid an unnecessary expensive lifestyle and you will be good. Love to all current and aspiring parents of 2 or more kids.
@abhinavprakash2320
Жыл бұрын
Not at all, I have seen my friends who had to trample their own lifestyle in many ways the so called tyaag of family man.... those who are chosen childless are having relaxed life with just average income.
@Abaddon-u1i
Жыл бұрын
Imagine being proud of having more than 2 kids, gross
@GreenDriveIndia
Жыл бұрын
As a father of two kids I always encourage to have 2 kids . Alone /single kids will have less memorable life and childhood.
@smitabagchi
Жыл бұрын
@@abhinavprakash2320 i dont have kids and super happy
@wewe-fx6un
Жыл бұрын
Joint family being the keyword here
You deserve applause. Great job bro. Thank you for sharing the facts.
I can't afford to get married... I am happy. I showed this video to my parents, and they decided to support me with what I always wanted 😎 Thank you, Sharan Anna 🙏🏼 If I save all the money, and do my business in the right track, I can call children in an orphanage as my own and get them to be able to pursue their dreams with collective investments, through CSR. People teaming up with me with such interests, aren't they family? In fact, I believe in the whole world being a family of mine. We shower love, and we reap blessings in return.
Well Said, we dont usually consider, these expenses, it is good to plan for this before bankruptcy!
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
@benjaminocampo3359
Жыл бұрын
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
@charles2395
Жыл бұрын
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
@damiansokratis6928
Жыл бұрын
I am interested to know more and invest in Crypto please
@josehenry7205
Жыл бұрын
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news
@dorathystephanie7702
Жыл бұрын
Well, you are saying the fact. I invested $4,000 with fergus Waylen. and earned $12,000 in 7 working days.
Had a child: 1. Went to govt hospital. Paid ₹0/- 2. Got govt. free meds for kid. Paid ₹0/- 3. Got govt free vaccination for kid. Paid ₹0/- 4. Bought second hand kids toys, stroller etc at just ₹10K Be smart about your plannings. Don't follow the hype.
my current situation is horrible i have to focus on career , no pocket money no honey life is bakwas
marriage and kids are the biggest self bomb u can do to yourself
You are employed, which means there is no scarcity of food. Cost of education is free or nominal in government schools. Everything else is just imagination. What you need to ask yourselves is can you afford quality time for your kids? Please make life simple. I am already seeing a future video titled can you afford to look after your old parents. Its not about the money, its all about the mindset. Be Indian, think like an Indian. Jai Hind.
@BhanuPartapSingh-be4mc
5 ай бұрын
Government schools waha bi bacche padte hai kya😂😂
Why my heart is feeling we are not heading towards a great future where money is more but satisfaction is less and every move of a human is calculated to core
37 now, don't have kids. Less stress, peaceful life. Life already is complicated, dont complicate it further.
3:22 Bro WHAT! My school fees are literally 1000 rupees per year, yes it makes sense because kids in my school kids aren't good some of the classes don't have tiles and some of the boys from my class literally vape and swear for no reason
That's a fabulous editing 🔥
Bhai we had our baby last year, there is absolutely no need to fear, the more challenges you face the stronger you come back. In the last two years I worked hard to increase my earning to 4x. Simple hai kharcha toh hoga hi, kamai badane me focus karo.
@abhinavprakash2320
Жыл бұрын
No kids hence no need to earn 4x, hence no stress
@LolLol007
Жыл бұрын
@@abhinavprakash2320 😂😂😂
@smitabagchi
Жыл бұрын
Recently i travelled business class to delhi from blore ...it was super crowded in blore airport to delhi ...still kids????????
@wewe-fx6un
Жыл бұрын
@@smitabagchi what is wrong with you
@ageless1003
9 ай бұрын
@@abhinavprakash2320I too don't plan to have kids. Need to additional stress in life. Want to love peacefully.
I truly appreciate your commitment and all the content you put out. Do consider using your voice wisely in your videos. Its peaking! You are a natural at communication. No need to try harder there. :)
@wewe-fx6un
Жыл бұрын
Yep
Newly married couples should prefer 1 kid only . Salary does not depend on number of kids . Expenses willl depend on number of kids Private jobs are not secure . Single child is preferred during marriages .
@anishashaji4133
10 ай бұрын
Exactly education expenses are going through roof ,no incentive. Jobs are not secure anymore. Even after being single, expenses dont seem managable with private job you can lose anytime
I appreciate the information shared but not every parent pay for their child's education or marriage like 40 Lakh or so..
pls keep on making these kind of video just to reassure myself of not having child. thanks
Who cares..... I am muslim, indian govt will provide me subsidy.
@user-kr2wj3pi1q
Жыл бұрын
Sad reality..
@everydaysports6431
Жыл бұрын
@@user-kr2wj3pi1q hahaha hindu. in your own country. hahaha hahaha hahaaha hindu rashtra. my foot.
Amazing video, all people planning for a child must watch it to know what they will be getting into with this addition
Not every wedding costs 20-40 lakhs and not everyone makes 300GMs of Jewellery. Also the education cost for schooling can be much lower than what's shown in this video
@ricsam2806
Жыл бұрын
Just check out in tier 1 cities
@knightrider7138
Жыл бұрын
I agree his figures are too over exaggerated....20 to 40 lakhs is insane for a wedding....
@monishasekar4716
Жыл бұрын
In south india for upper middle class 400g of gold is mandatory. For a decent wedding atleast 7 lakhs is needed.
@BSASITHARANJ
10 ай бұрын
@@monishasekar4716 godl itself cost us 25 lakhs dresses and other expenses expensive
@vipuljadhav3888
2 ай бұрын
Inflation is there my buddy and government is also going to fuck us
The phrase.."afford a child " enough to show how materialistic we have become 🙃.....long live humanity
@zenmoments2644
11 ай бұрын
If you replace "a child" with "5 children" , then the phrase will not sound materialistic . And if the phrase "Can you really afford 5 children?" doesn't sound materialistic , then "Can you really afford a child?" is also not materialistic . Ask yourself these two questions; hope you will get clarity .😊
I loved this one. This video covers alot of topics like d schemes in jewellery stores, child insurance plan, expenses that one has to bear for one's child. Hey 👋 I loved this video
Amazing! thanks for these type video's
Next flaw in ur calculation is, vaccine and delivery is free in govt hospital, why shall I go to pvt hospital
@viki19910
Жыл бұрын
All vaccine is not free only basic vaccine is free
@nileshpurohit6143
Жыл бұрын
Bhai govt hospital me jo doctor or nurse reservation se aye ho low marks low skill low knowledge only sc/st/obc vagera unpe bharosa he tumko? Tumko kya inhe khud ko nhi hota isiliye private hospital prefer karte he ,tab pesa life se jyada important nhi lagta
@mrityunjay45588
Жыл бұрын
@@nileshpurohit6143 padharo maro Desh. Aaja bhai Assam. Health infrastructure dekh le ek baar yaha ka. Aur delivery itna bara kuch nahi hai jo itna paisa dena pare. Most of the hospitals jaan bujh k c-section delivery karate hai taki paisa bana sake. Even they know that ki normal delivery ho sakata hai. Magar normal me toh paisa banega nahi na. Aur jaha tak vaccine ka baat hai wo government ka program k tahat free hai magar wahi pvt me lene jao yoh lakho ka ho jayega. Bolenge 1 pain wala hai aur 1 bina pain ka kaunsa dilaoge apne bache ko
That's the video every one want 👍...
Sharan didn't even cover Kid’s Uniform expenses 😳😳
@jeevan554
Жыл бұрын
diaper
The problem of our generation and the coming ones(watching this in future) is that it teaches to be self centered and teach us to live a lifestyle that involves money and materials. Money is important, but can't be more important than relations. Some will take this message seriously to not get married and have kids and die a lonely life with money in the bank (not sure, as money parked anywhere is not safe)
@rudecomments681
11 ай бұрын
So what's wrong with that?
@evanooruvan9107
11 ай бұрын
When u see kids begging on roads this vedio make sense
@saptarshipal6743
6 ай бұрын
@@rudecomments681 So what's right in being selfish as well?
@saptarshipal6743
6 ай бұрын
@@evanooruvan9107But he ain't making video for them in the first place. His target audience probably earns enough to have a child.
@rudecomments681
6 ай бұрын
@@saptarshipal6743 Everyone is selfish dude, you have kids for a reason which is selfish and others chose to not have kids which is also selfish.
Is it good to do SIP or mutual fund even now market and inflation at peak
It's very good information
Thank you very much bro for sharing this!
If your parents also thought like this... then you wouldn't have exist...Mr.Sharan
@SourabhGautam-so5bo
11 ай бұрын
He is idiot, but we are not .
Now that's how you ruin a man's sleep at night. Nicely done Sharan 😂
Thank you sharan, very useful video
Child is not a car or house to afford.its a blessing.
@knightrider7138
Жыл бұрын
Exactly....
@adityasalunkhe1288
Жыл бұрын
And you need money and other things to take care of your child So stop taking words out of context
@abhinavprakash2320
Жыл бұрын
Have 10 of them and you will be super blessed
@bismeetsingh352
Жыл бұрын
The blessing will be cursed if u can't bear the expense
@meghanath5045
Жыл бұрын
Children are similar to beggers.
Exactly what we need to learn rn.
I spent only 3K for my marriage. 2.5K for registration and 500 for treating ourselves.
Just don't send them to school this way you'll avoid most of the degeneracy and mental illness your child can face and cut cost on the other hand too but remember to invest in quality education after that
Before watching the video i promised my parents that i don't have kids though they were against me, now i can staunchly stand over my decision ❤️ thanks sharanjj
@thabi1312
Жыл бұрын
He didn't say don't have child, he said forecast the expenses & have a child. I think there is a great difference.
@vighneshrajpillai8383
Жыл бұрын
@@thabi1312 that's what I have done. I have forecasted, and assumed my future incomes and came to a conclusion that i shouldn't have a child 😀. Not just this but this would decrease the population in our country helping our government to focus on helping more and more needy people. 😀
@gunjannagda6527
Жыл бұрын
@@vighneshrajpillai8383now that's the kind of people india want who actually knows that more child doesn't mean more happiness, praiseworthy brother. Even I do have the same kind of thought that is it worthy to have kinda in such a age where inflation is damn high , cost of living is high , education, hospital bills all are so high that people like me actually thinking is it worth it to have child. Although currently i am just 22 not married doing decent job but just have a one thought in mind should i have kids or not.
@thabi1312
Жыл бұрын
@@vighneshrajpillai8383 let's wait& watch the future decisions.
@vighneshrajpillai8383
Жыл бұрын
@@gunjannagda6527 absolutely brother, we shouldn't bring and make our children suffer from all those things which we have seen.
Y do we need education when we have this AGI like bing chat? I'm talking about for next 20 years
Really this is the one which everyone one seriously think about .... thankyou saran for insights......really i was even think about weather to marry or not...... because marrying itself is the beginning of Expenses 😅😅😂
The guy scares us to : Get Masters Own a home Own a car Get married Have Kids
@knightrider7138
Жыл бұрын
He over exaggerates bro....
@TheBharathp87
Жыл бұрын
See, he is earning by making videos, no one will watch if video isn't sensational. Watch it for entertainment, he is a good actor, your life decisions should be influenced by your own thought process, weigh the pros and cons yourself
@shibu.matrix
Жыл бұрын
Then what will we do with money earned. Leave it for relative when we die ?
It's nice to see so many people planning to not have any kids after watching these kind of videos that will benefits parents who have or will have kids in future. That time, schools won't be able charge like this 😂😂😂 Same strategy applied by many self claimed influencers to show why cars don't make sense or we should stick with a 2nd hand car (read copy pasted gyaan from some US book). Later those influencers ended up buying luxury cars 🤣🤣🤣🤣
4:57😂😂😂duffer
Thank you for not suggesting to get kids on Rent
Next video will be "Can You AFOORD to Live?"
Never plan for your children's future, let them figure it out. You spoon feed them everything and they end up calling you boomer. Let them learn their own lessons.
How to plan for wedding ???
Even now our school fee is 20000 rupees per year 😎
Who earns 10 lakhs per annum bro😢
I also like breaking bad, TMKOC( not lately), family man.
Serious topic but funny take 😂
My entire school fee was around 15000 🤣🤣 (Exclude engineering😢 -4L)
@vighneshrajpillai8383
Жыл бұрын
Wow
POV: ME to MOTHER EARTH: Can you afford to have these HUMANS on you who thought to have a BURDEN when they have a CHILD??
Hey, can you make another video on financial impact of getting married
Marry a teacher. School fees for teachers kids are free in some schoolds or heavily discounted :).
I know I can't even afford to get married😢.
That child photo deserves 100K likes
Having a kid is not about whether you have big money saved or not... In india , ournmiddle class parents have shown us the way ... Everybodys life has struggles , we over come it by working hard and planning better... Indians have always saved and found a way .. Nothing new,... Having a Child is one of life greatest gifts... Its not always about money...dont get me wromg ..our parents n with middle clas income have brought us up (2-kids )... They have thought us planning amd saving... Its a little different for our generation thats it...
@ageless1003
9 ай бұрын
Keep struggling, till eternity. That's the way 😅
@ripper7834
9 ай бұрын
@@ageless1003 I guess it goes on how you take things... If your parents thought it was a struggle , they would have hated you right... They brought you up with love and care .. atleast I would like to think so... Having a kid is a blessing...this feeling only a loving parent would know... anyway that's my two cents on that
Bro please make a video on type of Sip and how they work as per indexetion tax return 🙏🙏
People are making very good money these days and are much better equipped to handle the finances comparatively.
@wewe-fx6un
Жыл бұрын
If everyone makes very good money, everyone is average and only ultra rich people are the people with good money
No child is best policy
We dont need your approval even for having family. Do you think before no body planned of having family at all. Please grow uppppppppppp.
Shaddi karne ka maan he chala gaya
Your unique pitch reminds me of "Better call Saul"
I think no marriage no investment peaceful life 😂
Do homeschooling
I am teen doing future planning 😂
If you are married and make a video it will be titled as Finance left with sharan
I like the finance part in the video but not the concept of using kids with finance calculation Life is more than that
Please make a video if i can buy new underwear or not.
We can force our government to give quality universal healthcare and education like Norway, Sweden and Finland.
Your memes selection 🎉 😂
On an average the cost of raising a child in a tier-1 city comes around 80 lakhs for 25 years
@wewe-fx6un
Жыл бұрын
Which is cheap
You are saying that married couples to not give birth before calculating the finance stuff related to kids haa 😂😂 It's not gonna be possible for middle class guys and they totally invest their amount on kids for their education and health kind of stuff...by the way some cool stuff got into today's video 😂😂
That's the reason bpl people are living with out fear and producing more numbers no hospital expenses,no vaccination,no school as such and for college they start to earn they are self dependent in their way
Better call Sharan
300gms for wedding? Maybe in South India, an average wedding has 1/4th of it.
Most of the figures shown in the video are over exaggerated....he is telling the expenses according to his lifestyle...which is a lavish lifestyle..most of us don't lead that lavish and expensive lifestyle.
Sharan be like "Bro than planning for ur kid better invest same amount in mutual funds"
Bro, I also made similar kind of planning before having a child, because I was in low income level, once doubled that starting income then we planned for a child, after my child born, I'm happily to say, I got cute girl baby, now I'm started investment on ELSS for her education so that I'm and getting tax benefit as well.
You send its free tool to use but we can only view so don’t download
Bhai shaddi hi nhi hui h
I think you forgot to mention about the scans and regular check ups 😂
Sharan : Are you "Kidding"?!
Me a 14yr old watching this video 😅😂
Getting his own ad on his vedio
Can you please remove the background sound? It makes it hard ti understand what you are saying
too much background music, I can barely hear your voice.
Next video topic: can you afford to breathe
I dont have kids ... i feel v happy that i m not into in some shoddy things ...god saved me!!
In short kids r luxurious item 😅 Side effects of it... Earning more n more money which in turn ll increase greed n next level is corruption...