2. Turn off the main water supply for the house. Put a bucket under the drain pipe. Open the cold-water handle of the kitchen faucet and let the water drain out if you're replacing the cold valve. Drain the hot side if you're replacing the hot valve.
According to Fidelity, a family making $55,000 would need to save $48,000 to cover the qualified expenses of a public university and $107,000 to cover such costs for a private one. This translates into saving $160 a month for a public college and $410 a month for a private one.
Parents with a baby born in 2012 will spend $217,000 to half a million dollars to raise the child to age 18, not including the cost of college, according to statistics out Wednesday from the U.S. Department of Agriculture. The exact amount families spend varies depending on income.