According to a NerdWallet analysis, a household that makes $40,000 can expect to pay as much as $21,248 for the child's first year. So alongside the joys of starting a family, many first-time parents feel overwhelmed by the sheer cost of raising a child. While no amount of short-term financial planning can prepare you for such a huge burden, frugal Redditors recently shared some simple tips to save money as new parents.
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