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:
By MrsMoneyGuest Blogger
at 10:56AM, 2 years ago |
Money Saving Tips
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.
Parents often wonder where they can get a good bargain or two. Baby necessities can be quite costly and finding bargains is essential for the average household. While there are many sample sale sites focused on baby gear and eBay which has a good section for baby products, there are other simple ways to score a bargain.
Buying locally makes it a lot easier for parents because it saves time and energy (you can have the product the same day and you don't have the hassle of going to UPS or FedEx to return an item you don't want). Plus most parents don't have the luxury to wait days or weeks for baby essentials to arrive. When they discover they need a certain product, they pretty much need it immediately.
For instances like those and bargain-hunting in general, I've found four places where baby items can be easily found for discounted prices.
at 10:04AM, 4 years ago |
Money Saving Tips