Let’s face it – parenting isn’t easy, and it surely isn’t cheap. According to data from the US Department of Agriculture, from birth to 18 years of age, the average cost to raise a child comes to nearly $235,000. This doesn’t include college tuition. Despite being the most well-intentioned parent, many new moms and dads are ill-prepared for the actual costs associated with raising a child.
Many couples find themselves struggling to make ends meet after their first bundle of joy arrives. Whether due to extra expenses or a loss of employment, these parents often have to sacrifice and make big changes to meet their financial obligations.
If you find yourself scrimping and saving just to make ends meet after the birth of your little one, read on to discover tips to help you parent well on a tight budget. Where you can, set aside some money for your kids for investments and learn more about an upcoming Blockchain Programming Hackathon.
- Find Cheaper Alternatives
- Use Coupons
- Share and Trade with Other Parents
Find other parents in your area who are willing to share and trade toys,a baby swing, equipment, and clothing with you, or hit up garage sales and thrift stores for cheap, gently used items.
- Find Cheap Entertainment
- Take Advantage of Government Assistance
- Cut Spending and Stick to a Budget
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