What it costs to raise a child

It costs $291,570 to raise a child by the time he or she finishes high school, according to a USDA estimate. It’s no wonder everyone is worried about saving for their college education.

The breakdown is as follows: 32 percent for housing; 16 percent for food (unless you have a ravenous teenage boy); 16 percent for childcare and education and 14 percent for transportation, reports ABC Nightly News.

One smile, however, is priceless.