How much does it cost to raise a child today?

According to BabyCenter.com, children born in the U.S. today will cost their parents more than $338,000, on average, by the time they graduate from a public college.

Check out this calculator that shows how much you are expected to spend based on the birth year of your child, your household income and the area of the country in which you reside.

Here is a link to a BusinessWeekOnline report that discusses the cost of raising children and tips for managing.