Savvy
Sarah McCosham
SHOPPING Simple ways to save big
There’s no way around it: kids are expensive. In fact, a recent study on the cost of raising a child by economist Mark Lino of the U.S. Department of Agriculture estimated the cost of raising a child born in 2012 at roughly $241,080 – not including college.
diapers have been named one of the best deals, for both exceptional quality and price.
But there are many ways to keep costs down: buying in bulk, shopping second-hand, and simply timing your purchases right. And with the holidays fast approaching, now is the perfect time to start saving money.
If you want to avoid the whole shopping-with-kids experience altogether, consider signing up for an online shopping service. For example, Amazon Mom is a free program for parents and caretakers of small children. Members can take advantage of free, two-day shipping, 20% off diapers and wipes and special promotions on kids’ items. For those items purchased monthly, members can sign up for automatic delivery via the retailer’s “subscribe and save” program.
Buying in bulk
Secondhand steals
When you’re purchasing baby items regularly – think formula, diapers, wipes and other supplies – buying in bulk not only saves you money, but also time. Warehouse clubs like Costco and Sam’s Club are probably the first places that come to mind – and with good reason. For a small annual fee, members have access to thousands of items at wholesale prices. In fact, Costco-brand 26 INDYSCHILD.COM · NOVEMBER 2013
At the rate kids grow, you can invest a small fortune keeping them clothed. Between shoes, clothing and outerwear, it’s a challenge to keep your little one in the right size. Then there’s the stuff: changing tables, cribs, beds, high chairs, etc. And, of course, toys and books to match your child’s growing interests and needs. Add it all up, and that’s a lot of money spent on items that will only be used for a short period of time.