Monday, August 31, 2009

Cash for Clunkers for Babies

The "Cash for Clunkers" Program developed by the Obama administration temporarily increased sales for auto dealers by pouring 3 billion dollars into the program. It was such a hit other industries are copying the idea. If you are thinking of having a baby or have one on the way, Toys "R" Us has stated a "Cash for Cribs" program which began on August 28, 2009 and ends on September 20, 2009. The program is available at all and Toys "R" Us and Babies "R" Us stores in the U.S.

According to Consumer Reports the average cost of a baby crib ranges from $100-$450+, the average cost of a stroller ranges from $50-$700, the average cost of a car seat ranges from $30-$300, the average cost of a high chair ranges from $70-$250+. Purchasing just these items for a newborn can add up to $1,700 and bout would cost you $1,020 after using the program. If you can save money on these items why not. Many studies report that buying used baby items and furniture are a risk and used items are not as stable as new items and can cause injury to a newborn baby.

The "Cash for Cribs" program applies to cribs, strollers, car seats, high chairs, bassinets, travel systems, and play yards. All you have to do is trade in a used item and you receive 20% off on any new purchase of baby item on the store's list (only certain items qualify for the discount). Currently there appears to be no limit on how many items you can trade in. Several manufacturers are participating in the program.

Also, less than 30% of all recalled products are turned in. This is a great way for consumers to turn in recalled items or trade in used items. Visit the Consumer Product and Safety Commission website for more information on product recalls and how to sign up for email alerts.

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