That's assuming you live alone or have no nearby friends/relatives who can watch your child. Most of the world somehow has kids without spending huge sums, because they have children when they are much younger and rely on nearby family to help, just as you will gladly help your children, etc.

This is how civilization propagates. The idea that only the wealthiest can afford to have kids by living in pure isolation and hiring teams of nannies and specialists is contradicted by the practice of opening one's eyes, looking around, and observing much poorer people having kids just fine.

But it requires making sacrifices. Those societies in which few are willing to make the sacrifices necessary die out, and healthier societies take their place.