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Kids Ain't Cheap

Catherine Reed

Costly New Parents: 9 Money Mistakes That Cost New Parents Fortunes

Costly New Parents 9 Money Mistakes That Cost New Parents Fortunes

123rf.com

Becoming a parent is exciting, emotional—and expensive. Between adorable onesies, high-tech baby gear, and all the “must-haves” stores push your way, it’s easy to go overboard. But when emotions drive spending, financial mistakes follow, and they can cost new parents a small fortune over time. The good news? Most of these budget-busting choices are avoidable with a little planning and awareness. Here are nine common money missteps that are incredibly costly to new parents.

1. Overspending on Baby Gear

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