How much money to have before having a baby?

Question

Any thoughts on how much one should have saved financially before ttc/having a baby?

Answer

If you are planning to ttc, I think you should research what daycare will cost (if you are planning to work) or create a budget of how you will live on one income (assuming you don’t already). If you are already working figure out if you get paid leave, if not how much do you need to save to get through your maternity leave (this number will be different for everyone) . Estimate what you will need and how much that will all cost. Look at your health insurance and figure out your max out of pocket so you can estimate what your prenatal care and delivery will cost. I don’t think there’s a set number. It just depends on where you live, your lifestyle, your plans after baby comes, etc.

Answer

I don’t think there’s a set amount. You should have enough so that when baby needs diapers you can pick them up without worrying about it emptying your bank account. If you are thrifty kids don’t have to cost much. Almost all of my son’s nursery furniture and 90% of his clothes and toys are either second hand or gifts. We go to free things during the day like the park or the library. If you breastfeed and cloth diaper you can lower the cost even more. Kids don’t need to be showered with expensive toys and clothes, mostly they just need to be warm, fed, and loved.

Answer

They say from the time a baby is born until they turn 18- you spend around $1 million per child. Seriously.

Answer

$1k to pay for supplies. And 3 months of income in savings for when youre out of work.

How much money to have before having a baby?

Let's Glow!

The Top Baby Tracker App: Embrace New Beginnings with Tender Care

The Top Fertility Tracker App: Your Path to Achieving Pregnancy

The Top Pregnancy App: Nurturing Your Journey to Motherhood

The Top Period Tracker for Empowering Your Menstrual Health Journey