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 This material may not be published, broadcast, rewritten or redistributed.
WWII vet shoots wife, kills self, Allentown police say
2nd truck drops into sinkhole in Bethlehem Twp. neighborhood
State police seek missing Palmerton teen
City's "ugly" Christmas tree causes controversy
Man struck, trapped by leaf collector in Kutztown
Local residents urged to be on alert for high levels of deadly gas
Survivor of deadly crash: 'It happened in the blink of an eye'
Education fund set up for crash victim's young sons
One year since mysterious disappearance of local woman
High radon levels found in Lehigh Co. community; DEP urges testing