The annual calculation is out and the government is projecting that cute little bundle of joy is going to cost you a bundle of money. The price tag is over 245-thousand dollars. That's based on a child born in 2013 and raised to the age of 18. The report shows that as your child gets older the expenses go up too. Teenagers, no big surprise. They take the biggest toll and that includes the toll on your checkbook and your sanity.