I remember a specific conversation in high school where my teacher told us that on average it cost $1 Million to raise a kid. This blew my mind since there are 9 kids in my family - that would mean my dad was crazy rich and we shouldn't be drinking powdered milk! Turns out my teacher was wrong and it only costs around $57,000 to raise a teenager. Which is still a lot of money!

Kids pay attention and stop being jerks to your parents! A new study has found that the average teenager (you are average even though your mom says you are special) costs their parents $9,570 a year. Since we are all super good at math we know that from age 13 to 18 that total is $57,420! Most of that money goes toward food, so you are literally eating your parents out of house and home. The study also found having a teenager at home drives up the electric bill by $36 a month.

So have fun searching for all the next years school supplies and trying to save money.

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