A controversial feature of modern parenting is “child-centrism,” the tendency for parents to prioritize their children’s well-being above their own. It has been suggested that child-centric parenting in its various forms may undermine parental well-being. Contrary to popular belief, more child-centric parents reported deriving more happiness and meaning from parenthood (Study 1). Study 2 employed the day reconstruction method (Kahneman, Krueger, Schkade, Schwarz, & Stone, 2004) to capture parents’ actual experiences while taking care of their children. Consistent with Study 1, greater child-centrism was associated with the experience of greater positive affect, less negative affect, and greater meaning in life when engaged in child care activities. This link between child-centrism and well-being stands in contrast to recent arguments about the pitfalls of overinvestment in children, while dovetailing with a growing body of evidence that personal well-being is associated with investing in others rather than oneself.