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'How we afford our kids'

The cost to raise a child continues to climb and wages aren't keeping up. Here's how five families save, plan and get creative to make it work.

Teaching the kids to pitch in

cost of children taylor family
  • Name: Flora Taylor
  • City: Pottstown, Pa.

As a single mom of three, Flora Taylor has learned to accept help.

When her children were younger, Taylor, who works as a hair stylist, received government subsidies to help her afford childcare.

Related: How much will your kid cost you? Find out

Now, her 16-year-old son has a part-time job and helps pay for the cable bill, while her 14-year-old daughter earns extra spending money through babysitting. And when her 10-year-old son is old enough, she will encourage him to find a part-time job as well.

"If you want to wear Hollister and all that expensive stuff, you need to purchase it," said Taylor. "I'm trying to teach [them] that in life you have to pay for where you live, the cost of bills."

  @melhicken - Last updated August 14 2013 02:54 PM ET

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