Raising a Baby on a Budget

Your beautiful, little newborn might cost you a pretty penny. You spend almost 10 months preparing for the arrival of your newborn. You buy toys, bassinets, clothes, and books -- not to mention diapers, formula, and countless onesies. But before you spend another dime on baby expenses, maybe you should think about saving a penny -- or two.

"Bringing up a child from birth to 18 years old now costs around $200,000," says Michael Farr, author of A Million Is Not Enough. "And that doesn't include school or college. For new parents, the trick is to buy smart and save wisely."

Here’s a financial and practical guide to bringing up baby on a budget. Read the entire article.

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