Watch your budget! As many of us plan for the future and some of us dream of marriage and children, it would be wise to know how much it costs to raise a child today. At the estimated cost of $241,080 per child, these blessings can be expensive.
With the study commissioned by CBS News, some assumptions have been made: out-of-pocket health expenses, child care expenses, and the general belief that costs end when children become adults at age 18. If you send them to college, you could spend twice as much.