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What is the financial cost of raising a child from cradle to college?

I know I read a researched dollar amount somewhere. The kids' dad and I have a bet going on what it is. Anybody?

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    The NY Times says it costs $222,360 to raise a child from birth to age 18. If the child wants help paying for college, it will cost even more! (Scary, eh?)

    Source: http://parenting.blogs.nytimes.com/2010/06/25/the-cost-of-raising-a-child/

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