Cost to raise kids on the rise - Tucson News Now

Cost to raise kids on the rise

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TUCSON, AZ (Tucson News Now) -

If you have children, you know it can cost a lot of money to raise them. Now, according to a new study that cost is going up to nearly a quarter million dollars.

Imagine owning a lamborghini. That's how much it can cost you to raise your child over 17 years. That's according to a new study by the Department of Agriculture.

The exact cost to raise a child is $241,000 for children born in 2012. That's up by about $6,000 from the previous year.

"It seems like everything is getting more and more expensive," Leah Starrett said.

Starrett tries to cut corners where she can. "You know, make baby food and everything for her. We did cloth diapering. We're just trying to save money in the beginning because we know it will be expensive later," Starrett said.

When you break it down, about 30 percent of that money goes to housing costs. This past year ... child care, health care and clothing expenses shot up the most. Charlotte Lasselberger sells used clothes for children.

"I think more people recognize not only they need to save money for more pertinent things maybe, college fund or things like that," Lasselberger said.

The study shows parents who have more than one child like Toni Lopez will actually save money because many things overlap like strollers and clothing. But, as your child gets older you can expect to pay more.

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