Raising a Baby: True Costs, Budgeting for Newborn Expenses in the USA
The first-year cost of having a baby ranges from $20,000 to $50,000. This includes babyproofing, childcare, and supplies. Average monthly costs are about $1,200, with daycare averaging around $1,000. Comprehensive financial planning can help manage these expenses effectively. Baby supplies also contribute to raising a baby. Parents need essentials such as diapers, clothing, and a … Read more