Life Lessons: Children are expensive!
The U.S. Department of Agriculture's Annual Expenditures on Children by Family report provides the cost of raising a child from birth to age 17.
This year's total was over $241,000, and that's without the costs of pregnancy or college.
Seventy-eight percent of that cost is spent on housing, child care, education, food, and transportation.
Here are some ways to cut some of those costs:
First is housing.
Buy your own house if you can. Remember, cutting down one bedroom can save you $400 a month.
Next is child care and education.
Half of the families who responded reported no costs because they used family members to watch their kids. Usually child care runs about $4,000 a year.
Third is food.
Americans spend almost $40,000 on it. Cut back on going out, buy generic, and use coupons to get this number down.
The fourth cost is transportation.
Buying a car just one year old can cut the price by 20 percent on average. And keeping up the maintenance of your car can help save on gas costs.
Copyright 2013 WFMZ. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Man found with 200 marijuana plants in yard, police say
Coroner: Man a victim of accidental drowning
Woman, 91, struck by fire truck outside senior living community
Police: Man had many pornographic images of young children
Woman takes stand against crime in her neighborhood
More than 500 migrant children being housed in Pennsylvania
Male drowns in pool of Days Inn
2 men struck, killed by train near Emmaus identified
Ariz. inmate's execution takes 2 hours
Lawyer: Nazi war suspect dies as extradition from US OK'd