For most people, raising a special child is a very rich experience in life. However, it also involves a lot of costs arising from special care, therapy, and medication.
Tidbit: Research shows that raising a special child costs about $60,000 a year, with the figures varying based on the type of disability.
For new parents who are not used to such expenses, this change can be quite devastating. Besides raising your child, you also need to ensure that they are financially supported when you are no longer around.
Planning your finances along these lines is not easy, especially for special children who will need to be supported financially all through their lives. So, what needs to be done to ensure financial stability for your special needs child? Here are some things you should put into consideration.