Money Matters 101: Saving for Baby
Your newborn may seem small now, but when it comes to having a baby, the cost associated with raising a child can really add up. According to a recent survey from NerdWallet.com, sixty percent of respondents believe the cost of raising a baby in the first year is less than $10,000. The actual estimation ranges from $21,248 for a family earning $40,000, to $51,985 for a family whose income is $200,000. If that jaw-dropping discrepancy is enough to make you rethink your spending habits, you're not alone.
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