Getting ready for your baby’s arrival can be one of the most exciting experiences in life. But it also can be a time of anxiety, since the addition of a child can take a toll on your finances.
In fact, the average cost for a middle-income family to raise a child through the first year of life is $12,680, according to a 2017 report from the U.S. Department of Agriculture. (While that’s a lot of money, a Bankrate survey found that many people think an infant is even more expensive.)
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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