Cut Daycare Cost

When you have a newborn, the largest expense will be daycare. However, there are many ways to save money in this area. You can arrange to work opposite shifts with your spouse, so one person is always home with your baby. If you live near family members, having a relative care for your child can offer both personal and financial benefits. Another great option is to share the cost of daycare with another parent. Bring both kids to one location, then pay a sitter a slightly reduced rate to care for the two children together.