Saturday, May 26, 2018
Business

Budgeting for your new baby

If you're expecting, focus your finances on the big-ticket items. Consider this sobering news from the U.S. Agriculture Department: A middle-income family with a child born in 2012 and earning between $60,640 and $105,000 can expect to spend about $241,080 until the child is 17 for food, shelter and other necessities.

After the cost of putting a roof over the head of your child, the next biggest expenses you will face are for care and education, including babysitting, day care, books, fees and supplies.

Steps to budget:

• Start collecting information. Don't wait until after the baby arrives. Check out the major expenses, from diapers to day care.

• Baby-proof your budget. How are you going to pay for the expenses of raising a child? Either you're going to make more money or you'll have to cut current expenses, or both. If it's only the latter, something's got to give. There are a number of free sites that calculate budgets online. One is Mint.com.

• Dump the debt. Do as much as you can to get rid of it so that you can have more money for baby expenses.

• Build a savings safety net. Start or build up an emergency fund aiming for three to six months of living expenses.

• Start saving for college. In fact, when people ask what you need or would like, tell them you would love a contribution to your child's tax advantaged 529 college savings plan. One of the best sites for 529 plans is Savingforcollege.com.

Comments
An American Airlines passenger was refused beer - so he screamed, fought and spit blood, FBI says

An American Airlines passenger was refused beer - so he screamed, fought and spit blood, FBI says

It began, as so many plane debacles seem to, with strange sounds in the bathroom.They were the noises of Jason Felix, one of the passengers on Wednesday’s American Airlines flight out of Saint Croix, according to a FBI affidavit recounting events lea...
Published: 05/26/18
Is the Lightning’s Jeff Vinik the best owner in professional sports?

Is the Lightning’s Jeff Vinik the best owner in professional sports?

Hope of another Stanley Cup has dissolved, and soon the ice will follow. Yet even if sorrow is the price of devotion, the true hockey fans will still buy in when the next season comes around.That concept may not be unique to Tampa Bay, but it does se...
Published: 05/26/18
Five members of 69ers motorcycle gang indicted on federal charges

Five members of 69ers motorcycle gang indicted on federal charges

Last year three members of the 69ers Motorcycle Club gang were implicated in the execution of a rival gang leader in the middle of rush hour traffic in Pasco County.Now those three and two other 69ers members have been indicted on federal charges tha...
Published: 05/25/18
With makeover, ZooTampa at Lowry Park takes a page from the theme parks

With makeover, ZooTampa at Lowry Park takes a page from the theme parks

TAMPA — Behind the construction walls near the carousel at ZooTampa at Lowry Park, hammers, saws and power drills made a racket in the blazing Friday heat. A raft full of 100-pound water jugs took test trips on the new Roaring Springs ride set ...
Published: 05/25/18
U.S. news outlets block European readers over new privacy rules

U.S. news outlets block European readers over new privacy rules

LONDON — U.S. news outlets including The Chicago Tribune, The Los Angeles Times, The Orlando Sentinel and The Arizona Daily Star abruptly blocked access to their websites from Europe on Friday, choosing to black out readers rather than comply with a ...
Published: 05/25/18
Tampa Electric appeals OSHA findings for October accident

Tampa Electric appeals OSHA findings for October accident

TAMPA — Tampa Electric Co. is appealing a recent citation by federal regulators. The Occupational Safety and Health Administration hit the utility with a $76,050 fine and a "serious" violation in April following its investigation into an accident in ...
Published: 05/25/18
Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Associated PressDETROIT — Fiat Chrysler is recalling 4.8 million vehicles in the U.S. because in rare but terrifying circumstances, drivers may not be able to turn off the cruise control. The company is warning owners not to use cruise control until...
Published: 05/25/18
Federal Reserve chairman warns his agency must be free from political pressure

Federal Reserve chairman warns his agency must be free from political pressure

Associated PressFederal Reserve Chairman Jerome Powell warned Friday that the Fed’s independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the financial system. His re...
Published: 05/25/18
Restaurants like Ford’s Garage use the experience to get you in the door

Restaurants like Ford’s Garage use the experience to get you in the door

Tim Butler’s first car was a Ford Model A pick-up truck — a pearl fawn and cherry red pick-up he got his senior year in high school from his dad, who renovates antique cars. That’s why as Butler waited for a table at the Ford’...
Published: 05/25/18
St. Petersburg man fined $507,513 in penny stock scheme

St. Petersburg man fined $507,513 in penny stock scheme

TAMPA — A St. Petersburg man was fined $507,513 and permanently barred from participating in the offering of a penny stock in a case involving a scheme to manipulate the price of Aureus, a penny stock company incorporated in Nevada, officials said Fr...
Published: 05/25/18