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 This material may not be published, broadcast, rewritten or redistributed.
Police: 4 children killed in crash were not in seatbelts or booster seats
State police say they are hot on Eric Frein's Trail
Police: Alleged cop killer Frein 'planned extensively'
State police lift 'Shelter in Place' order; Frein still on the loose
Three people shot in two days in Allentown
Experts: Frein using dense woods to his advantage
Fire evacuates Bethlehem residents, forces restaurant to close
Quarrel over Common Core: A Pennsylvania Primer
Survival expert believes police will catch up with Frein
Shelter in place remains in effect; no police updates on Frein search