Released: December 09, 2007

Expecting the expenses of parenthood

Source: Michael S. Rosenwald, Washington Post (Free Registration)

Like most new parents, my wife and I didn’t need much time to become acquainted with hindsight. We should have slept more before Sam was born. We should have fed him before taking him to the grocery store. We should have kept that burp cloth on a few minutes longer.

Also, we should have saved a lot more money. Kids are not cheap to maintain. This became perceptible a couple of months ago, the first time we dropped $25 on a package of Pampers. “Maybe we should go to Costco,” my wife said.

Financing a baby is typically the last topic on the minds of new parents.

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