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Bringing up baby on budget: the cost of raising a newborn baby through age 5 has never been higher.(Your Money)(Column)
If baby just wanted a new pair of shoes, that wouldn't be so bad. But as new parents know, baby also has to have a car seat, a crib, a changing table, a playpen, a mobile, a stroller, and piles of clothing to spit up on. There are the 2,000-plus diapers baby will soil, the hundreds of jars of strained veggies to be downed, the wipes, the swabs, and no-tears shampoos, not to mention the plush toys that will soothe baby in stressful moments.
That's just Year One. By the time a child born in 2000 reaches age 6, parents with an income exceeding $64,000 a year (the median for a family of three is currently about $58,400, according to census data) will have spent a ...
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