What happens to your spending when you have a child? We recently spoke with new parents from across the country to hear how it went for them.
Spoiler: None of them said having a baby was cheaper than they expected.
Americans would have to spend $20,745 to buy a basket of goods and services commonly used in a baby’s first year, versus $15,775 for a similar basket in 2022, according to BabyCenter, a parenting website.
Three families gave us a peek at their credit-card charges, Amazon orders and overall monthly spending. Take a look: