How to Save Money For a Child - How To Build Savings For Children: There are no two ways about it—kids are expensive.
If you're not already a parent, you might think, "They don't eat very much and they share my house, so how expensive could they be?" But according to a cost calculator from BabyCenter.com, my 11-year old daughter will cost me over $22,000 this year alone. That figure includes several factors, like housing, food, transportation, and health care, but it doesn't take into account savings for college and living expenses once she leaves the nest.
So what are the best ways for aspiring or current parents to sock away cash for their pricey progenies? I asked finance experts to share the best ways to save money for a child.