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My son would go through 8-10 cans of the powdered formula a month! That is the 12.5 oz (i think). I had WIC for him so luckily it didn't cost us anything, but if I had to buy it, it would have cost around 120-140 a month I believe!
One of those cans of powder would usually last about 3-4 days.
I formula fed my daughter and it is very expensive but it wasn't to bad because at about 6 months she started other kinds of food and the formula got cut back alot! We also did'nt end up feeding her baby food out of a jar for very long either. She ate whatever I made for dinner! It all worked out for the best because she stopped using a bottle when she turned one and isn't a picky eater at all! I'll be doing it the same way this time around to!
It has been a while (like 5 years with my niece) and I believe my sister went through like 8 powered cans a month. Usually we would mix the formula per bottle so it lasted for some time if she didn't drink it up. Try looking into WIC...They can be very helpful when it comes to getting formula.
My son's pediatrition told me that the average baby will eat approximately 2 1/2 oz of formula a day per pound of body weight. So a 7 pound baby would eat approximately 17.5 oz per day. This will increase quickly in the first couple of months because they gain quickly early on. This is just an approximation. Also, babies will eat more if you breastfeed. Breastmilk is easier to digest so they will eat more often.
From what I remember, 1 can (12 oz) of powder made about 60 or 70 oz. of formula (I hope I remember that right). I can not remember how much each can will cost. It varies a lot depending on the type of formula and where you purchase that can. Maybe between $10 and $15 each (12 oz can of powder)???
I breastfed both ds and dd full time until I returned to work and then did both breast and bottle. The largest cans of formula (similac w/ iron) were around $20 and I had to buy 6-10 cans a month.
Breastfeeding is definatley more economical if you are looking at things that way.