The cost of a new child can seem overwhelming for new parents. Use these tips to help save money on baby expenses the first year.
Best way to save money
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If possible nurse your children. It saved thousands in formula, and if you believe the studies also in short and long term medical costs… there has barely been a sniffle. Plus I got to cuddle my baby a lot.
If you are not in a contract get the monitoring centre $9.99/ mo. vs $20 or $25 for others.
If you buy mutual funds (and I know some of you don’t like them) only buy high quality, low MER, no load funds…this will save you thousands over the years in management fees…
Saving Money with a New Baby: Baby Budget Basics