Ways to make your new baby affordable
Babies are definitely cute, but they're also pretty expensive.
According to BabyCenter.com, raising a new baby in the first year costs more than $10,000 – for things like formula and diapers.
But here are some ways to help make being a new parent affordable.
Cut down on debt: As a new parent, you'll need to make room for unexpected costs. So pay down any balances and start saving. It's a good idea to have sic to nine months worth of living expenses put away.
Don't think you need to move for that extra bedroom right away: Babies can easily sleep in a bassinet for the first three to six months.
Review your health care: Sit down several months before you're due to make sure delivery and other pregnancy costs are covered. Also, find out if you get paid maternity leave.
Have a baby shower: Celebrating with friends and family are a good way to share the cost of some of those big ticket items you'll need.
Copyright 2012 by ClickOnDetroit.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.