A two-parent family should expect to spend more than $241,000 to raise a child born in 2012 from birth to 18 years of age.
If you’re looking for ways to make your baby’s first year more affordable, try these tips:
- Don’t upgrade your space. Babies take up next to no space.
- Buy less stuff. The sheer number of baby-related products on the market today is overwhelming. Do you really need a crib and a Pack ‘n Play? Or a swing and a bouncy seat?
- Pick things up as you need them.
- Consider cloth diapers.
- Make your own baby food.