Stephanie Pow: How much does it cost to raise a child?

New analysis from financial wellbeing platform Crayon shows that raising children from pregnancy to the first day of school can cost New Zealand couples almost $180,000 after government support.

That's almost a third of the average take-home pay, and obviously doesn't include the physical and mental strain of having to look after a whole new person.

So when do you know if you can afford to have a kid? What's the bare minimum to give them the best shot in life? 

Crayon founder Stephanie Pow joins Tim Beveridge to break down the analysis, and discuss how much money it costs to have a child. 

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