Birthday Parties became inevitable for all ages, especially for kids. Depending on where you live and how many guests you invite, it is becoming an expensive yearly event, an event which we tend to forget in annual budgeting. Its lot of fun to have birthday party for Kids. But just how much money does a typical birthday party cost?
For the purposes of estimation, I have collected the data from around 10 birthday party places in Rockville, Maryland, a city very close to DC. I took different venues, called each one of them and the average cost per birthday for 20 kids including the return gifts may vary from $450 to $600 depending on the venue. This does not include a special cake, extra decoration or food and drinks for parents. If you spend around $200 for the above which are unavoidable, it is coming to $800 for each birthday party. If we calculate this for 17 years, assuming that you don’t need to pay from 18 th birthday, it would cost around $13,600 for one child. Remember this does not include the gifts Kids need to take to the birthdays they attend.
According to the statistics released by the U.S. Department of Agriculture, parents will spend an average of $235,000 to raise a child born in 2011 to the age of 17. (And that’s not taking into account any savings for college). Housing, food, clothing, health care, child care, schooling and the list of compulsory expenses goes on and on. Optional or discretionary spending such as family vacations, birthday gifts and birthday parties are mostly extra. Just for birthday Parties till the age 17 for each kid would cost $13,600 which is almost 5.8% of the USDA’s estimate of $235000.
I came across a funny info-graphic on “Baby’s Birthday on a Budget” which I would like to share it with you. If you are spending on Invitations, I have a free goody for you. Send a Video Invitation for your’s kids next birthday using Inwiter. It is free and fun to create Video invitations and Thank You Notes. you can also greet other kids on their birthday using our Video Greetings feature.
As Geoffrey Fisher said “Good plans shape good decisions. That’s why good planning helps to make elusive dreams come true.”