thanks for visiting cnnmoney.

We're no longer maintaining this page.

For the latest business news and markets data, please visit CNN Business

'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.

Staying home with the kids

cost of children greenberg family
  • Name: Dvora and Chris Koelling
  • City: Guilderland, N.Y.

After Dvora and Chris Koelling had their second child, the price tag for two children in daycare -- even for the three days a week that Dvora was working her part-time job -- was eating up all of the income she was bringing in.

"It seemed silly for me to work just so that we could pay someone else to watch our children," she said.

Koelling started staying home with the kids full-time in June, but maintains that this is only a temporary situation. She plans to return to work when her daughter reaches kindergarten.

"We keep saying hopefully once daycare is out of the picture we will be able to start socking away a little more money," she said.

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

Partner Offers

Find Homes For Sale

Most Popular

LendingTree