We've all heard the statistics that babies cost a lot of money to
raise. The average cost to raise a child from birth to
college is around $250,000. Don't let that number scare you
though; there are numerous ways to save money throughout a baby's
life. We're expecting our first child, and plan on doing so
in an eco conscious and frugal way.
Here are some of the essential baby items we're considering
purchasing to make our lives easier:
More and more people today are looking for ways to save money, and buying things at a garage sale is one way to help your finances. There are some things, however, you just do not want to buy at a garage sale. These items could eventually cause you health issues or put your health in jeopardy.
Every time I turn on the TV, I see previews go out for "Pregnant in Heels," a new show on Bravo TV about Rosie Pope, who is the maternity concierge for the rich and privileged. She takes her expertise of providing high end services to the rich and showcases it on TV.
While ridiculous at times, I do find it fascinating to see what sort of things billion dollar babies have access to. I equally enjoy watching new mothers--very rich mothers--buying everything and trying everything just because they can.
The market for baby products are a multi-billion dollar industry and it's also a constantly growing industry. Every year I go to the biggest event for juvenile products and I can't even get through a quarter of the convention floor before I need to take a long break.
It's just that big.
So exactly what do these babies have access to and how over-the-top are these items. I found five of my favorites that are ridiculously expensive and things that we probably wouldn't buy--or moreso, couldn't afford.
Finally, I have something in common with politicians (well, some). The fact that they are taking a strong stance on the importance of breastfeeding. Just recently, the Internal Revenue Service (IRS) announced that they would reverse a ruling that didn't qualify breast pumps and other lactation supplies as a medical care expense.
For someone like myself who has a flexible spending account (FSA), I would not be able to claim or get reimbursed for a breast pump, under the old tax ruling. After the recent announcement by the IRS, however, breastfeeding mothers can now claim it. This is a huge victory.