The average amount families spend per year on each child's clothing ranges from $630 to $1,250, depending on household income and the child’s age, according to the 2010 USDA Expenditure on Children by Families report. But you could cut that expense by as much as half if you rent or trade in your kids’ clothes.
Take clothing rental site Good Karma, for example. For $47.98 per month (or $575.75 per year), you get seven complete outfits from brands like Carters, Gap and Gymboree, plus seven sleepers and seven onesies. For $64.98 a month, you get higher-end brands like Tea Collection, Mini Boden and Ralph Lauren. There are larger and smaller packages available and sizes range from newborn to 24 months. The monthly price includes shipping.
If you’d rather piece together your child's wardrobe, check out Wooky Baby. Most items are available for $8 a month — not a deal for basics, but great for full outfits, costumes and formal attire. You can also choose to purchase at a reduced price. For instance, the three-piece outfit shown here retails for $29; you can buy it for $16, or rent it for $6 a month. Sizes range from newborn to 3T.