It costs the average Middle Class Family $200,000 to raise a child

That is what Experts and Economists have calculated -- $200,000 for the average American middle class family to raise a child

Having just calculated the costs of summer camp for my three children, I seriously believe that number does NOT included include private school and camp costs. In fact, that number goes up to $1 MILLION dollars if you send your child to PRIVATE SCHOOLS.

CBS News Money Watch had an article last year with 9 Saving Secrets for New Families.

---

Check out the CBS-Money Video that Breaks this Cost down and shares a few tips: