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4 ways to stretch your budget for a baby

Prepping your finances for a baby
4 ways to stretch your budget for a baby

Preparing for your baby's arrival can be one of the most exciting experiences in life. Yet the addition of a child can also take a toll on your finances. In fact, child-rearing expenses for a two-child middle-income family with married parents range from $11,880 to $13,830 per year, according to the 2010 Expenditures on Children by Families report from the U.S. Department of Agriculture.

Luckily, with a little preplanning and some savings strategies, you can prep for a new baby without blowing your budget. Here are four ways to save on and plan for baby expenses.


 

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