Nobody ever said children were cheap! But if you're a financially strapped parent, you've got some new tools in your diaper bag to help you make ends meet…
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Little Journey promises big savings
Some 40% of parents say they spend more than $80 on diapers each month. Meanwhile, 60% of parents fess up to spending a minimum of $120 on formula every month.
That's according to a survey of 1,000 parents with kids under the age of three that discount grocer Aldi conducted in partnership with Google Consumer Survey.
What if you could take that cost down big time? Aldi says it can save you in excess of $1,200 a year on diapers, formula and snacks.
Aldi launched a new line of baby products called Little Journey in August and they're promising savings of up to $110 on snacks, savings of up to $400 on diapers and savings of up to $720 on diapers.
But wait, the savings don't stop there!
Save even more money on diapers
Cloth diapering might sound a bit odd in our disposable society, but it makes a lot of financial sense.
Our cost comparison of cloth diapering vs. disposable diapers found that you'll save $840 over two years by going with the former rather than the latter. And that's just for one child.
If you have two children, the savings are even more extreme—somewhere in the neighborhood of $1,080!
Save even more money on formula
Generic formula is about half the price of the national brands and the Food and Drug Administration requires that it be nutritionally equal to brand names like Similac, Enfamil, and Good Start.
Though it goes without saying that mother's milk is the best (and cheapest!) food for infants if that's the choice for you. But if it's not an option for whatever reason, Aldi is a great place to shop for formula.
But don't forget about Costco either. The warehouse club sells it for almost less half the price of formula you might purchase at your local grocery store. Kirkland Signature brand formula is 46 cents an ounce and the name brand, Enfamil, is 89 cents an ounce.