Raising children is expensive. Why risk increasing those costs by being permissive about underage drinking?
According to the U.S. Department of Agriculture, the average cost of raising a child to the age of 18 was over $245,000 (2014 statistics). The costs of education, healthcare, recreation and everyday living expenses continue to climb.
It’s no secret that underage drinking can lead to addiction and legal troubles, but do you have a full understanding of the possible impact on your family’s finances? Examples include:
- Cost of legal entanglements, such as fines, lawyers and court costs
- Substance abuse assessment and counseling
- Damages caused by vehicle crashes or other alcohol-related accidents
- Increases in auto and homeowners insurance rates