Feeding your kids
Did you welcome a baby to your family in 2012? You can expect to spend $241,080 over the next 17 years raising your precious bundle of joy, the U.S. Department of Agriculture estimates in the annual report "Expenditures on Children by Families." That's up 2.6 percent from 2011, so yes, it is getting more expensive to have kids.
One of the major expenses for children is food, USDA experts say.
No one knows that better than Dr. Stan Cohen, a pediatric gastroenterologist at Children's Healthcare of Atlanta and author of "What to Feed Your Baby: Cost-Conscious Nutrition for Your Infant" (Rowman & Littlefield Publishers Inc., $17.95).
Cohen offers more than 30 years of experience as a provider of advice designed to help new parents give their babies a healthy start in the least expensive way.
Cohen says one of the biggest problems is mothers are not breast-feeding enough. There has been a "back-to-the breast" movement over the past 10 years, he says, with more than 74 percent of mothers breast-feeding during infancy. But only 22 percent continue breast-feeding through the first year.
Breast-feeding is one of the most effective ways to minimize costs, he says. Even the least expensive formula will cost more than $1,000 for the year. Other savings come later, as breast-fed babies will likely experience fewer illnesses and doctor visits and are less likely to become obese children.
For mothers unable to breast-feed, Cohen suggests sticking with major manufacturers that have done extensive research on developing products modeled after breast milk.
At the top of the list for healthy infants (infants without special concerns such as preterm, reflux, etc.) is Enfamil Premium, which has a higher content of docosahexaenoic acid (DHA) — considered brain food for babies — than comparable products. For parents seeking a generic brand, Cohen says Costco's Kirkland Signature Infant Formula or any brand from Perrigo Nutritionals (makers of generics sold at Target, Wal-Mart, Sam's Club and more) provide less expensive options that are FDA-approved.