Infographic: 5 Money To-Dos Every New Parent Should Do


Before your baby arrived, you probably couldn’t fathom all the love that new bundle of joy would bring to your life. Something else you likely underestimated? Just how much your baby would pull on your purse strings, too.

Fortunately, new parents can help defray the high costs of raising a kid—from paying for child care to big-ticket to-dos like shelling out for school—using these five key strategies.


Note: The stated cost of child care comes from the United States Department of Agriculture’s August 2014 report, “Expenditures on Children by Families, 2013.”

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