New Baby Means Adjusting Finances

baby_expensesMany people these days are doing what they can to reduce their spending.

But if you’re a new parent, your budget is undergoing a different kind of adjustment. From diapers to clothes, the cost of a newborn can add up.

In fact, new parents can expect to spend between $4,500 and $5,000 during their child’s first year for supplies alone, according to an online calculator at BabyCenter.com. If you start day care at six months, the amount may double.

Here are some tips on buying for baby without wrecking your budget.

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