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The New Parent Baby Budget Worksheet (+ Free Printable)

Disclosure: This post may contain affiliate links, which means I may receive a small commission if you click a link and purchase something. Please check out my disclosure policy for more details. All opinions are my own!

Budgeting for a brand new baby isn’t for the faint of heart. 

But it’s absolutely a smart and responsible parent thing to do. 

Thankfully, this new parent baby budget worksheet (check it out below!), will help guide you through budgeting for a new baby and the big moments that come along with it. 

We’ve all heard the statics on the cost to raise a baby these days – and it’s scary. 

With all the new expenses that come from a new addition, such as baby clothes to medical bills, there seemed to be a never-ending list of things to consider. 

I’m not here to freak you out, but instead, hopefully, to ease your worries or help you put a plan into action to succeed. 

And a budget is a great place to start. 

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Table of Contents

Free Printable Baby Budget Worksheet

Before we get into all the details of what should be included in your budgeting for baby, here’s where you can quickly grab a copy of your free baby budget worksheet.

This is a printable budget worksheet for expecting/new parents, that’s blank for YOU to fill out with your estimated cost for each baby related category.

The categories range from pre-baby things, such as prenatal care, maternity clothes, childcare holds, etc. to after birth items such as diapers, formula, daycare, and more.

Below, I talk about each baby section in more details and give you a good idea of how much you should budget for each part.

Here’s what’s included in the free, printable baby budget worksheet:

• Initial balance
• Income list (date, description, amount)
• Expenses (description & amount)
• Summary of Income/Expenses
• Ending balance

It’s also simple, cute, and you can re-print it as many times as you need if your situation changes.

What to Budget for Before Baby Arrives

Congratulations! You’re pregnant and I hate to say it, but the budgeting starts now – before baby even arrives. 

Budgeting during pregnancy is vital to ensure you’re financially prepared for the upcoming months and the arrival of your little one. 

Let’s dive into some important things to consider when creating your pregnancy budget.

Prenatal care

To keep you and your baby healthy, prenatal care is a must. 

Chances are good your prenatal care medical expenses will include: 

• prenatal visits
• ultrasounds
• any required medications

I found that we didn’t pay a dime during my pregnancy, as prenatal care was covered, but then paid for my delivery once baby arrived. 

Be sure to check with your health insurance provider to understand what’s covered by your insurance and what you will be responsible for. No one likes surprise expenses, and this is the best way to keep those surprises away.

Estimated Expense:  varies

Maternity clothes

As your baby bump grows, you’ll likely need to update your wardrobe. 

Some moms are able to wear their maternity clothes until late into pregnancy, while others are swapping out for new clothes before the end of the first trimester. 

It’s a great idea to budget for maternity clothes that will keep you comfortable and stylish throughout your pregnancy.

Estimated Expense:  $300-$500

Healthy nutrition

Eating well during pregnancy is crucial for your baby’s development. 

If you’re not used to eating a variety of healthy foods, consider adjusting your grocery budget to accommodate for  pregnancy super foods , like fresh fruits and vegetables, lean proteins, and whole grains.

Estimated Expense:  free-$100/month

Baby essentials

While you’re still pregnant, it’s a good time to start thinking about the basic items you’ll need for your little one. 

You don’t have to go crazy, especially if you plan to have a  baby shower  or sprinkle, but you’ll definitely need a few items. 

Include expenses for items such as a crib, stroller, car seat, diapers, bottles, and other baby gear in your budget and remove them if you receive the items as gifts. 

Estimated Expense:  $100-$500

Childbirth classes and resources

If you plan to take childbirth classes or hire a doula or midwife, be sure to include these costs in your budget. 

These resources can provide valuable knowledge and support during your pregnancy and delivery, and I highly recommend looking into them. 

There are several  great online options  as well, if you can’t make an in person one. 

Estimated Expense:  $50-$200

Parental leave

Who’s going to be staying home once baby arrives?

Both parents briefly? For an extending period of time? 

For how long? 

With or without pay? 

These are all super important questions to find out and budget for before baby is born. 

Check with yours and your spouses’ companies’ policies regarding paid or unpaid parental leave and calculate the impact on your income

Research whether you are eligible for any maternity leave benefits through government programs or your employer and understand the requirements and the amount of financial support you may receive during your time off work.

After all this checking calculate the impact this leave will have on your income and set your budget up accordingly.

Baby shower expenses

If you plan to have a baby shower, consider the costs associated with hosting the event, including decorations, invitations, food, and gifts for the guests. 

Often times someone else may offer to throw your baby shower for you and you won’t need to worry about these expenses, but they’re good to keep in mind.

Estimated Expense:  free-$250

Health insurance coverage

Review your health insurance policy to understand how much you will be responsible for in terms of hospital fees, prenatal tests, and delivery costs. 

You’ll also want to ask about how, when, and how much it may cost to add your newborn baby to your plan. 

I know. Your baby isn’t even here yet and you’re already paying for childcare expenses? 

Be aware that many daycare centers and providers require a fee to hold your spot until baby arrives. 

If you have older children attending that childcare already, the owner may be willing to wave the holding fee – be sure to talk with your center/provider to find out the rules and requirements. 

Estimated Expense:  free  – $1000

Unexpected expenses

Keep in mind that unexpected costs may arise during your pregnancy, such as additional medical tests or treatments. 

It’s always smart to allocate some funds for unexpected expenses to an emergency fund to avoid any financial stress.

Remember, every pregnancy and financial situation is unique. Adjust your budget based on your specific needs and circumstances.

Budget Considerations After Baby Arrives

The first year of your baby’s life is filled with joy, milestones, and, of course, new expenses. 

Here’s some important things to include in your budget during baby’s first year:

Diapers and wipes

Disposable diapers and wipes are a significant ongoing expense during the first year. Estimate the number of diapers your baby will go through each month and factor in the cost. 

You can also consider using cloth diapers as a more cost-effective and eco-friendly alternative. 

Estimated Expense:  $50/month

Formula or breastfeeding supplies

If you’re formula feeding, budget for the cost of formula, bottles, and sterilizing equipment. 

If you’re breastfeeding, consider expenses such as breast pumps, storage bags, nursing bras, and lactation consultations if needed.

As a breastfeeding and pumping mom, I was shocked at how much feeding a baby from ME could actually cost. 

Estimated Expense:  free – $200/month

As your  baby transitions to solid foods , there will be additional costs for baby food jars, pouches, or ingredients for homemade baby food. 

Even if you don’t choose the homemade route, you’re still feeding another person – and you’ll need to account for them in your budget.

Most babies start solids around 6 months old, so you’ll have a few months before needing to address this cost in your budget.

If both parents are returning to work or if you require childcare for any reason, include the cost of daycare, nanny services, or babysitters in your budget. 

Research local options and factor in any registration fees or deposits required.

Estimated Expense:  $750-$3000+/month

Health-related expenses

Account for medical check-ups, vaccinations, and any unexpected medical costs that may arise during your baby’s first year. 

Many insurance companies cover well baby checks and vaccines, but taking your  baby in for their first cold  or illness may not be covered by your medical insurance.

It’s wise to have a buffer in your budget for these expenses.

Babies grow SO FAST. 

It’s wild!

Budget for clothing that will fit your little one at each stage of development. 

Consider second-hand options or hand-me-downs from family and friends to save money on baby clothes.

Estimated Expense:  $300

Toys and developmental items

Babies are curious little people and learn SO much from you and their surroundings during the first year of life. 

That said, they do benefit from toys and developmental items that aid their growth and motor skills. 

Allocate a portion of your budget for age-appropriate toys, books, and educational materials.

Estimated Expense:  $250

Throughout the first year, you may need to purchase or upgrade essential baby gear such as a car seat, high chair , stroller, and baby carrier. 

Plan and budget for these larger expenses in advance.

Estimated Expense:  $400

Babyproofing and safety measures

As your baby becomes more mobile, you’ll need to invest in babyproofing measures such as outlet covers, cabinet locks, baby gates, and corner protectors. 

Set aside some money in your baby budget for these safety items.

Estimated Expense:  $150 – $300

College Fund/Savings/Investments

If your budget allows for it, contributing to a college fund or other savings and investments for your child can be a huge benefit to them down the road.  

Miscellaneous expenses

There will always be unexpected or miscellaneous expenses that arise during the first year. 

It’s a good idea to have a buffer or contingency fund to cover any unexpected costs, such as medical emergencies or repairs to baby equipment.

Remember to revisit and adjust your budget regularly as your baby’s needs change. As your little one grows, some expenses may decrease while others may increase. 

By staying on top of your budget and tracking your spending, you can ensure you’re prepared for the financial aspects of your baby’s first year.

Tips to Save Money on A Tight Budget

When it comes to saving money on your baby budget, there are several tips and strategies you can use. 

Here are some valuable ideas to consider:

1. Create a baby budget spreadsheet or use a baby budget template: This will help you track and organize your expenses, ensuring you have a clear picture of where your money is going. List all your line items, including baby items, childcare costs, and monthly expenses.  Hint: use the one in this post!

2. Take advantage of sales and deals: Look for special deals and discounts on baby items. Many websites and influencers offer exclusive deals that can save you money on essential purchases. Do your research and compare prices before making any big purchases. 

Here’s few to consider:

• Target’s Bi-Annual Car Seat Trade In Event
• Nordstrom Sale
• Amazon Baby Sales

3. Set a budget and savings goals: Determine how much you can afford to spend and save each month. Having a set budget will keep you on the right track and prevent overspending. Set savings goals to ensure you’re building a financial cushion for your family’s future.

4. Consider second-hand and borrowing options: Many baby items can be purchased second-hand or borrowed from family and friends. Check online marketplaces, local buy/sell groups, and Facebook groups for affordable baby gear. Just make sure to inspect items for safety and cleanliness before use.

5. Maximize your insurance coverage: Review your health insurance policy to understand what’s covered during pregnancy, childbirth, and for your baby’s medical expenses. If you hit your deductible, it might be a good time to get any additional visits in you’ve been waiting on.  

6. Utilize government resources: Research government programs available in your area that provide support for new parents. This could include assistance with childcare costs, medical expenses, or parental leave benefits.

7. Plan for parental leave: Understand your options for paid or unpaid parental leave and plan your finances accordingly. 

8. DIY baby products and meals: Making your own baby food and baby products can be a cost-effective option. It’s often healthier too! 

Research recipes and methods for creating homemade baby food and natural baby products.

9. Optimize your credit score: Maintaining a good credit score is important for your financial well-being. Pay your bills on time, manage your credit card usage wisely, and minimize outstanding debts. A good credit score can help you secure better interest rates and financial opportunities in the future.

10. Involve family and friends: Share your baby registry with loved ones and consider hosting a baby shower. Family members and friends may be eager to contribute to your baby’s needs, saving you money on essential items.

Remember, every little bit of saving adds up over time. By being mindful of your spending, utilizing discounts, and making smart choices, you can provide for your new bundle of joy without breaking the bank.

What is a realistic budget for a newborn?

The budget for a newborn can vary depending on location and individual circumstances, but a realistic estimate is typically between $200 and $500 per month. You’ll need things like 

diapers, formula or baby food, clothing, and healthcare costs.

What should be included in a baby budget?

A comprehensive baby budget should include expenses for diapers, formula or baby food, clothing, healthcare (including medical visits and insurance costs), childcare, baby gear (such as a crib, stroller, car seat), and miscellaneous items like toys and baby proofing supplies.

How to afford a baby on a tight budget?

To afford a baby on a tight budget, consider strategies like those mentioned above. This includes purchasing second-hand items, accepting hand-me-downs, utilizing community resources and support, focusing on essential purchases, budgeting meticulously, and exploring government programs or assistance available for low-income families.

What’s the biggest expense of having a baby?

Childcare tends to be one of the biggest expenses of having a baby. The cost of daycare, nanny services, or babysitters can significantly impact a family’s budget. 

Other major expenses include healthcare, particularly if the family’s insurance coverage is limited, and housing if additional space is needed for the baby.

The Best Baby Budget Worksheet for Parents

Utilizing a baby budget worksheet is a fantastic way to get your finances on the right track and prepare for the arrival of your new bundle of joy. 

By tracking your expenses, setting savings goals, and making smart financial choices, you can navigate the world of baby expenses with confidence. 

Remember, every little bit of planning and saving adds up, and before you know it, you’ll be celebrating your baby’s milestones while knowing you’ve got your finances in order. 

So, sit down, relax, download that baby budget template, and get ready to welcome your little one into the world with open arms and a solid financial plan.

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Jen is a Registered Nurse, owner of Minnesota Momma, and mom of two little ones. She loves to focus on topics that keep families happy and healthy from pregnancy through birth and beyond. 

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Baby Cost Calculator 2024: Real Cost of Having a Baby

Children are wonderful, and they fulfill our lives in ways nothing else could. But the truth is that babies come with expenses that, if not budgeted for, can cause a severe strain on the family’s income.

This guide will show you exactly how much it costs to have a baby. You can also use your interactive baby cost calculator to figure out what you’re likely to spend during your baby’s first year based on your situation.

Baby Cost Calculator

The rising cost of having a child, giving birth expenses, one-time baby expenses, ongoing baby expenses, approximate first year baby cost, tips for cutting costs, baby cost faqs, grand total: $ 0, giving birth: $ 0.

Choose one of the following birth options. You can adjust the estimated cost if you already have an idea of what you will be paying.

One-time Expenses for the First Year: $ 0

We’ve checked first-year items we think you’ll probably need, based on what most first-time parents buy. You can make adjustments to fit your own needs and how much you expect to spend.

Nursery: $ 0

Breastfeeding: $ 0

Feeding: $ 0

Bath and Grooming: $ 0

Others: $ 0

Transportation: $ 0

Ongoing Expenses for the First Year: $ 0

We’ve checked the on-going expenses based on what most parents need. You can make adjustments or enter your own custom amounts.

Childcare: $ 0

Diapers: $ 0

Formula: $ 0

Clothing: $ 0

Health: $ 0

Toiletries: $ 0

Entertainment: $ 0

Saving for College: $ 0

According to a 2015 report by USDA, middle-income families were likely to spend $233,610 to raise a child from infancy to age 17. Low-income families would spend $175,000, while those with much higher incomes would spend $372,000 (1) .

These expenses relate to housing, food, healthcare, child care, clothing, transportation, and education. They don’t include pregnancy costs or college fees.

As per the report, where you live makes a difference. The cost of living is much higher in the urban Northeast, urban South, and urban West. Families in the urban Midwest and rural areas would spend much less to raise their children.

Maternity and paternity leave days are key considerations, too. Will you need your partner to stay home for a while to help with the baby? How many unpaid days or weeks off work can you afford?

The Family Medical Leave Act makes provision for up to 12 weeks of unpaid maternity leave. However, this law may depend on the number of employees in the organization and the state you live in.

In most states, the law applies to companies that have over 50 employees. Maine is one of the few that requires a minimum of 15 employees for it to apply. If you live in California, New Jersey, or Rhode Island, you may qualify for paid leave (2) .

Find out what provisions your state has made for maternity leave. Additionally, speak to your employer about your maternity leave. Some employers can be pretty flexible and you’ll never know what you can get till you ask.

You may also need to think further ahead in terms of child care. Some families opt to have one parent stay at home to look after the baby. While this may seem a lot cheaper, it also means your overall income will reduce.

Single-parent families don’t have it easy; they have to not only take responsibility for all parenting duties, but be the sole breadwinner, too. According to the USDA report, 85 percent of single-family households are run by women.

It will be important for you, as a single mom, to explore all your financial options. If possible, seek child support to ease the financial burden.

One of the biggest expenses you’ll tackle occurs between the prenatal period and delivery. On average prenatal expenses may reach $2,000, covering around 12 doctor’s visits, urinalysis, routine blood tests and one ultrasound (3) .

Delivery costs are dependant on various factors including:

• Where you live.
• Where you choose to have your baby — in a hospital, at a birth center, or in the comfort of your home.
• Insurance coverage.
• Any pre-existing medical conditions such as diabetes, or high blood pressure.
• Type of birth. Will it be a vaginal birth or cesarean section?
• Possible complications. A vaginal birth that requires surgery following complications can be quite expensive.

Many soon-to-be parents around the country opt for a hospital birth . This is a good choice since you will have ready help in case something goes wrong.

Others prefer to have their babies in the comfort of their home or at a birth center. While birth centers are health care facilities for childbirth, they are not hospitals and deliveries are undertaken by midwives (4) .

Birth, by whichever means, comes at a cost:

Childbirth in a hospital with health insurance

• Vaginal birth $4,884.44 – $10,681.28
• C-section birth $7,404.07 – $14,927.76

Childbirth in a hospital without health insurance

• Vaginal birth $9,013.88 – $19,775.79
• C-section birth $12,593.60 – $28,491

*The states of Alabama and Rhode Island feature the lowest costs overall while Alaska and New Jersey the highest. You can check out the costs in your state accordingly .

Childbirth at home

Some insurance companies cover home births, while others don’t so you’ll need to check with your insurance company first. You may have to pay upfront then seek reimbursement from the company afterward. Additionally, fees applicable will depend on where you live.

• The average cost of hiring a midwife: $2,000 (5) .
• Mesh panties: $11.59 for a pack of three.
• Maternity pads: $19.99.
• Plastic shower curtain to contain the mess: $5.06.
• First and second/third ultrasound: $269 and $312 respectively.
• One OB-GYN visit: $291.

On average you will spend no less than $2,908.64.

It’s worth noting that the cost of ultrasound varies from one provider to another, from one city to another and from one state to another. The cost of one ultrasound can start at $100 and go as high as $1,000.

Giving birth at a birth center

It will cost anywhere between $3,000 to $4,000. As with home births, there are insurance companies that will cover them and those that won’t. It’s important to check with them first (6) .

Looking at the above figures, it is easy to see how expensive a C-section can be, especially if you don’t have insurance. Even in states where hospital costs are low, forking out over $12,000 is no mean feat. Plus, if any complications arise, it’ll be even more.

Although home births are the cheapest option, they’re not for everyone, making birth centers a viable third option. Compared to hospitals, they’re more welcoming and less restrictive. You can even have your family members present during the birthing process.

If you are fortunate to have good health insurance the bulk of the medical costs of birth will be covered for you, or be a small fee.

Editor's Note:

The first year of your baby’s life is the one that hits you the hardest. First, you’re not used to spending so much money in such a short period. Secondly, your baby actually needs that stuff, so there’s no getting around it.

A chunk of this money will go to buying baby furniture and gear which can really dig into your pocket. However, the best thing about these one-time expenses is just that — they’re a one-time thing.

Investing in good quality baby gear means these items will last for years and can even be handed down to your second or third baby.

You can get some excellent deals from garage sales or second-hand stores. However, car seats and any other child safety products should be bought brand new.

Safety standards change often and the product you’re buying may be outdated. Additionally, you might buy one that’s been in an accident or whose parts are worn out.

The prices may fluctuate from time to time, so the figures we provide are rough estimates.

• Crib ($120 – $850): A crib isn’t just necessary furniture, it’s vital for your baby’s safety. It prevents situations where parents roll over and end up hurting or suffocating their babies. Cribs are long-lasting and can be used by your second and third child.
• Crib mattress ($60 – $140): You can’t have a crib without a mattress. Look for “firm” options as these will support your baby’s growing bones.
• Mattress pad ($14 – $130): Mattress pads are great for preventing liquid spills, urine, and dirt from reaching the mattress. Is one necessary right now? No. Your baby is in diapers and spills may not be common, especially if you’re breastfeeding. If you really have to use something, go for waterproof bed sheets.
• Bassinet ($50 – $260): A bassinet is great but not really a necessity especially since your child will outgrow it fast. You can do without one if you already have a crib. In situations where you don’t have space for a crib, then a bassinet can be a good option.
• Co-sleeper ($130 – $200): Co-sleepers are great for teaching babies to sleep in their own space. They’re not a necessity if you already have a crib or intend to purchase one. As with bassinets, babies also quickly outgrow co-sleepers.
• Hamper ($20 – $60): As your doctor will have mentioned, baby’s laundry shouldn’t be mixed with yours — you’ll need a separate hamper. Rope baskets can be a great substitute and you can find these laundry baskets for less than $20.
• Changing table ($80 – $250): They’re cute and give you extra storage space for your baby’s things, but they may become risky once your baby starts rolling over. You can use a changing pad instead and change your baby on the bed. A portable changing pad is great for travel or home use as well.
• Glider or rocker ($189 – $600): A rocker provides support for your arms and back as you breastfeed and nurse your baby, or even when you read to them. Is it necessary? Not really, but it’s a purchase you won’t regret.
• Bedding and blankets ($24 – $190): Bedding and blankets are an absolute necessity for your baby’s crib. You can also use them when laying your baby on your bed or on the couch. They’re soft and come in beautiful colors and designs to suit different tastes.
• Mobile ($20 – $55): These are great for stimulating the brain and visual development and can help them sleep. Plus they keep baby engaged.
• Nightlight ($24 – $70): Nightlights are important for those late-night diaper changes and feedings. Some baby soothers double up as lights so rather than make separate purchases, buy one that does both.
• Dresser ($80 – $500): Babies require frequent change of clothes and a dresser will be necessary to store all their clothes. To make it more economical, buy one that your child can use when they’re older.
• Decorations ($10 – $150): Decorations are cute and they brighten up your baby’s room. They’re good for stimulating your baby’s vision and introducing them to different concepts. Most are pretty cheap and you can even DIY. However, you can add them as time goes by.
• Baby monitor ($40 – $60): The American Academy of Pediatrics recommends that you and your baby sleep in the same room for the first six months of their life, so you won’t really need a monitor in the beginning. If your baby sleeps in a different room and you’re a deep sleeper then a baby monitor will be necessary.

2. Breastfeeding

Additionally, some insurance companies provide manual pumps while others do electric, so check with them first.

Whether you choose a manual or an electric one a breast pump is necessary for many reasons. It allows you to express breast milk that will be used later and helps relieve engorged breasts.

If you are buying a pump out of pocket, here are some of the figures you’ll be looking at, along with other breastfeeding-related expenses:

• Manual breast pump ($12 – $39): Manual pumps are an inexpensive option and come in handy when you have no access to electricity or an electric outlet. The Haaka Manual Pump and NatureBond Breast Pump are great options.
• Electric breast pump ($30 – $325): An electric pump, specifically a double electric pump, works faster than a manual pump. It’s less messy and helps extract more milk.
• Milk storage bags ($6 – $20): Now that you have a breast pump, you’ll need to store milk. Storage bags are easy to use and will help you know how much your little one is consuming.
• Breast pads ($9 – $27): These are an absolute necessity, especially when you are out and about. They soak up breast milk should your breasts start leaking. You can choose between washable and disposable pads.
• Nipple shells ($9 – $26): Breastfeeding can get messy with the baby nursing on one side and your other breast leaking. A nipple shell, also known as breast shells, can help collect this milk for use later. The shells also help prevent friction between sore nipples and your clothes.
• Nipple shields ($6 – $60): Nipple shields can help with latching problems, flat or inverted nipples as well as sore or cracked nipples. However, they should only be used under direction from your doctor or lactation consultant.
• Ice packs ($6 – $22): Breast milk can last for six hours at room temperature. Unless your schedule involves being away from home for more than five hours, you really don’t need an ice pack.
• Nipple cream ($14 – $30): Nipple cream helps relieve cracked, sore, and bleeding nipples. Most women will experience one of these when they start breastfeeding, making a nipple cream a must-have.
• Nursing bras ($18 – $50): Nursing bras are great for supporting your breasts and holding breast pads in place. They are not necessary and you can use an ordinary bra that’s stretchy.
• Nursing covers ($12 – $28): If breastfeeding in public makes you uncomfortable, a nursing cover will help keep things more private. Plus, it will help your child concentrate on feeding rather than look at every passing thing.
• Nursing pillows ($10 – $40): A nursing pillow prevents you from leaning into your baby while breastfeeding which can cause back pain. Is it necessary? Not really, many moms get along just fine without it, but your back will thank you for it.

• Bottles and nipples ($6 – $60): Feeding bottles are necessary for breast milk and formula. The price depends on whether you want a plastic, glass, or stainless steel bottle. If your baby doesn’t like bottles, you can use a baby bowl and spoon to feed them.
• Highchair ($60 – $250): Highchairs aren’t always necessary, but most parents will end up buying one. If you are short on space, you can use a space saver high chair which can be folded and stored when not in use. You can get one for $25 which is less than half the price of a highchair.
• Sterilizer ($38 – $250): Sterilizing your baby’s bottles is essential and a sterilizer is ideal for getting this done. If you need a cheaper way to sterilize baby stuff, put them in hot boiling water and air-dry.
• Plates, spoons, and bowls ($10): These will be necessary when you wean your baby, so you can hold off buying them until later.
• Cups and sippy cups ($21): You may need to buy these sooner if your baby refuses to be bottle-fed. Look for easy to clean and non-toxic products.
• Burp cloths ($10 for six): A baby must be burped otherwise they’ll get gassy and uncomfortable. A burp cloth will soak up the mess when your baby spits up. Unless you don’t mind smelling like spoiled milk, burp cloths are a must-have.
• Bottlebrush ($8 for two): Bottle brushes are designed to reach the bottom of baby bottles and clean them. Since your hands can’t go all the way in, you’ll need them to ensure the bottles are thoroughly clean.
• Bibs ($12 for 10): Bibs are necessary during feeds. They help to contain the mess and keep the baby dry. Without a bib, milk or food can find its way into your baby’s clothes and stain them.

4. Bath and Grooming

• Hooded baby towel ($16 for two): Babies tend to lose heat faster than adults, so having a good quality towel with a hood will help keep them warm when they come out of the bath. Some parents use normal towels but I’ll stick with my hooded one.
• Baby washcloths ($10 for five): Baby washcloths are soft and ideal for washing your baby without hurting or damaging their skin. They are vital for a successful bath.
• Bath mat ($6 – $50): As your baby starts to stand, they’ll want to move around. A bath mat can help stabilize and keep them from slipping and falling in the bathroom. You can consider this a necessary item on your shopping list.
• Bathtub ($15 – $20): We mentioned earlier that babies need their items separate from adults, so soaking your baby in an adult’s tub is a no-no. You get to choose whether to buy an infant tub now or an older baby tub later. In my opinion, it would be better to buy an older baby’s tub as they will use it for a longer period.
• Brush and comb ($8): A brush and comb are necessary for removing stuff that sticks to your baby’s hair. Plus it helps disentangle it.
• Nasal aspirator ($5 – $50): A nasal aspirator will help clear your baby’s nostrils and makes it easier for them to breathe. That booger sucker is a must-have.
• Nail clippers ($5 – $15): A baby’s nails grow at a fast rate and they’ll scratch themselves (and you) with these very nails. Having a nail clipper is important.

• Pacifiers ($8): Pacifiers can help prevent sudden infant death syndrome (SIDS) and help soothe a fussy baby, among other things (7) . Is it necessary? I believe so, but you get to decide. If you choose to buy one, wait till you’ve established a feeding routine.
• Thermometer ($13 – $85): A thermometer is necessary for checking your baby’s temperature especially if you suspect that it’s on the rise. Some parents use their hands to feel their baby’s temperature but this may give false results.
• Humidifier ($29 – $69): Baby humidifiers add moisture to the air making it easier for your baby to breathe more comfortably. However, you should only use them under instruction from your doctor. Your doctor may suggest other ways to prevent the air from drying out, making humidifiers unnecessary.
• Babyproofing supplies ($43 – $50): These are an absolute must-have especially as your baby begins to crawl and move around. They’ll help minimize accidents in your home. Some items you can consider include outlet plugs, cabinet latches , and a baby gate.
• Diaper pail ($25): Babies go through diapers fast and these need to be disposed of often. A diaper pail is great for collecting used diapers and keeping the room odor-free. They’re not a necessity and you can always use a regular trash can. However, you may find yourself with a stinky room and you’ll need to air it often.
• Photo sessions and photo printing ($127): Taking photos and printing them out is an age-old tradition. They’re lovely to have but not a true necessity. Why not take pictures using your smartphone and upload them to an album on Google?

6. Transportation

• Car seat ($60 – $150): A car seat is essential when traveling in a car as it helps keep your baby safe.
• Stroller ($70 – $900): A baby stroller makes moving around easy and other family members can help you push it. Your baby will be more comfortable while riding in one. Strollers make the list of transportation necessities.
• Travel crib ($40 – $300): If you travel a lot, you can consider buying a travel crib for your baby to sleep and play in. Since they’re much cheaper than actual cribs, you can buy one in place of the crib. Many hotels provide baby cribs, meaning you may not need one.
• Car mirror ($10 – $60): Rear-facing car seats block your view preventing you from seeing how your baby is doing while you’re on the road. With a car mirror, you will be able to check up on them without having to pull over. Are they essential? Yes indeed.
• Baby carrier ($29 – $60): Baby carriers or sling wraps are great for bonding and keep your baby close when you’re out and about. If you’re looking for an inexpensive mode of transportation, do consider purchasing one.

Over and above the one-time expenses, you’ll soon realize that some expenses are on-going. Some may be temporary, lasting a couple of months, perhaps a year. Others will run till your child goes off to college.

1. Childcare

You’ll need to think about childcare if you’re returning to work. If grandma stays close by, or you have a live-in relative, you can leave your baby in their care. If this doesn’t apply to you, you’ll need to consider other options.

Hiring a live-in nanny will set you back by around $670 a week. A live-out nanny will cost you $766 weekly. Tough.

You may need to look into daycare. This option may be cheaper although the cost will depend on your state and the time spent in daycare. On average you can pay $420 to $1,423 a month or $5,045 to $17,082 a year (8) .

During their first month of life, babies may go through 10 to 12 diapers a day so you are looking at 270 to 300 diapers a month. As they settle into their second month and go on to a year they’re likely to use 6 to 8 diapers daily.

You realize soon enough that diapers can get pretty expensive. The type of diapers you use will determine just how much money goes into this expense.

The cost of washable diapers on two major online retailers shows a pack of six cloth diapers going for $19 to $37. If you buy six sets at an average price of $28, you’ll spend $168 a year. Even if you add detergents and labor, the overall cost will still be low.

The average monthly cost of disposable diapers is around $62.50 which translates to about $750 a year.

The choice to breastfeed or formula feed is personal and entirely up to you. For this article, we’re only looking at the financial implications of each.

Breastfeeding has almost no expense, except that you eat nutritious meals, which you should be doing anyway. Babies on formula consume 2 to 3 ounces during the first weeks of life.

By month two, they’ll drink 4 ounces bottle and by six months they’ll be doing 6 to 8 ounces (9) . The cost of formula milk can go up to around $150 per month or $1,800 a year (10) . It’s a no brainer — formula milk is definitely more expensive than breastfeeding.

4. Clothing

Whether online or in a baby clothing store , the sight of cute baby clothes can sway you into spending far more than you should.

Looking at major online retailers, you can spend up to $20 on an item of clothing. Designer pieces are costlier, at $70 to $100 a piece. An average spend on clothes is $15 to $50 a month or $180 to $600 a year.

What about secondhand? It’s a good budget option and you can find great deals in secondhand stores and online shops. You can check out ThredUp or a local consignment store for deals on secondhand baby clothes.

You need to add your baby to your health insurance as soon as they’re born. If you or your spouse have health insurance coverage at your workplace, find out if your baby can be added.

If you have a private health plan, the additional premium will vary from one provider to another. You can expect to pay $35 to $65 monthly or $420 to $780 yearly for your baby.

If your employer offers an FSA account , this would be a great time to have it. You can put money directly from your paycheck pre-tax onto the FSA debit card for medical expenses, you can even use it at stores for qualifying purchases.

What if you don’t have insurance? The government has provided federal-funded medical plans such as Medicaid and CHIP. Eligibility for cover under Medicaid is set at 200 percent of the federal poverty level.

If your income is still modest but higher than the set 200 percent for Medicaid, your child may qualify for Children’s Health Insurance Program (CHIP).

While the benefits provided under CHIP will differ from state to state, some of the benefits you can find in your coverage include (11) :

• Immunization.
• Emergency services.
• Routine check-ups.
• Dental and vision care.
• Inpatient and outpatient care.
• Prescriptions.
• Lab and X-ray services.

6. Toiletries

Cotton balls, baby oil, shampoo, soap , wipes, and cream … you may find your list of toiletries quite long. Toiletries are essential for bathing and caring for your baby’s skin and hair.

As you shop, look for products that don’t contain too many additives or fragrances. You can ask your pediatrician to recommend a brand you can use. You can expect to spend at least $21 a month or $252 a year.

7. Entertainment

• Infant swimming classes ($30 – $174): Classes may range from four to 12 sessions. Using an average of $102 for 8 classes, you’ll be looking at $816 for all the sessions. Is swimming necessary? Yes, it helps strengthen your baby’s muscles, improve coordination and balance as well as their appetite. Plus, you get to bond with your baby.
• Infant massage ($29 – $60 for one hour): If you would like a private appointment, you will pay $120 to $180. Massages are beneficial for your baby but you really don’t have to pay for them. There are tons of YouTube videos that can teach you how to get it done.
• Toys ($35): Baby toys are a great way to stimulate your baby’s senses, enhance hand-eye coordination and improve their motor skills. They’re necessary for your baby’s overall development. Annually, you’ll be looking at roughly $420.
• Books ($3 – $20): Reading to your baby early on will help your child understand the world around them much faster. They’ll also learn and relate words to pictures much sooner. Books are essential for your baby’s growth. The annual cost will be around $138. You can opt for cheaper options by purchasing slightly used toys and books.

8. Saving for College

College is not cheap. The average four-year course cost at a public college is $9,970 for state residents. Out-of-state students pay $25,620, while attending private colleges look at $34,740.

These figures have not factored in living expenses. If you were to factor in these expenses, you would be looking at $25,290, $40,940, and $50,900 respectively. It is in your best interest to start saving now.

As your child grows, talk to them about going to college. Encourage them to start putting some money aside, especially when they take part-time jobs in summer.

Looking at the figures mentioned above, we’re sure that you have a greater appreciation of the need for financial preparedness. If we were to total all necessary expenses for one year, this is what you may be looking at:

• Hospital delivery costs for a vaginal birth: $7,782.72.
• One time expenses: $1,069.
• Breastfeeding: $306.
• Feeding: $119.
• Bath items: $133.
• Other items: $103.50.
• Transport: $669.50.
• Daycare: $11,063.50.
• Cloth diapers: $168.
• Formula feeding: $1,350.
• Clothes: $420.
• Toiletries: $252.
• Entertainment: $1,374.

The overall cost of raising a child for one year in the United States is $24,642.22. These figures are pretty steep and naturally, you’ll want to bring them down. We tackle how to do this in the next section.

We are by no means encouraging you to cut all costs to zero and live like a hermit. Not at all, life is a journey meant for you and your family to enjoy. Here are some cost-cutting tips that you can use:

Save Hospital Costs

Consider delivering your baby at a birth center rather than a hospital. It may save you a couple of thousand dollars that you can use for other baby needs. If you deliver in a hospital, refuse unnecessary add-ons that will hike up the bill. Check the bill for errors and ask questions where it’s not clear. Some hospitals charge for TV, so keep it off, and enjoy your baby.

Breastfeed on a Budget

Breastfeed your baby rather than give them formula milk. It will save you $1,350 or more. Rather than buy a pump, check with your health insurance provider first, for a free breast pump . Hospitals offer lactation support, so rather than hiring someone, speak to them instead. Additionally, use your normal clothes rather than buying a breastfeeding wardrobe. Button-down blouses and tops work well.

Find Cheaper Housing Areas

Moving may feel like a big deal and it is, but according to the USDA report, housing takes up 29 percent of your income. You can save money by moving to a suburb or rural setting where housing is cheaper.

Childcare is Expensive

Rural settings have lower rates than urban areas, so if you do move, you may also save on childcare. If your family lives close by, ask them to help you care for your baby. Consider staying home if your income is low. It will be better than dishing out all your money to a daycare center. You can try taking up work from home to supplement your partner’s income.

Cut Clothing Costs

Babies grow quickly so buying larger sizes will last longer. Buy unisex clothes that can be used by your next baby. Buy clothes when they’re on sale or shop in second-hand stores. Baby shoes are cute but not really necessary especially when your baby is young and not walking.

Some DIY ideas can help you cut costs. Make your own soap, learn how to stitch and convert used clothes into fancy “new” ones. You can sew your own nursing cover. If you or your partner are handy, you can build your own crib and dresser storage shelves.

Purchase items in bulk, from food to diapers, as it’s cheaper that way. Many people feel a little awkward about asking for freebies or using coupons. Gather up your courage and do it. You’ll save money.

Ever felt the pain of buying something that you then forget to bring with you when you leave the house? This is one of the ways money unnecessarily leaves your wallet. Keep an extra diaper bag in the car with all of your baby’s essentials plus a biscuit snack.

Use Free Activities/Entertainment

Check what free activities are offered in your community. Some libraries may have toys that your baby can play with. Additionally, they could also provide free storytime for babies and toddlers.

Reusable Products

How about using diaper cloths rather than disposable diapers? You can have one packet of disposable diapers to use when going out or traveling. Additionally, use cloth wipes to clean your baby rather than disposable wipes.

How Much Should I Have Saved When I Have a Baby?

It’s wise to have several months’ worth of living expenses saved up, plus additional funds for baby-specific items and unexpected costs. The exact amount varies based on your lifestyle and needs.

How Do I Financially Prepare For Unpaid Maternity Leave?

Save up a maternity leave fund, look into short-term disability, adjust your budget, and explore any benefits or assistance programs available.

How Can You Survive On One Income With Kids?

Surviving on one income with kids involves budgeting carefully, reducing expenses, perhaps working part-time or from home, and maximizing any savings or income from investments.

Why is Baby Formula So Expensive?

Baby formula is expensive due to the high cost of ingredients, rigorous manufacturing processes, research, and regulatory requirements to ensure safety and nutritional adequacy.

What is the Most Expensive State to Raise a Child?

The most expensive state to raise a child varies by study, but states like New York, Massachusetts, and California often top the lists due to high childcare and living costs.

What Age are Kids Most Expensive?

Kids can be most expensive during infancy due to childcare and formula costs, and again in the teenage years due to food, activities, and preparing for college.

How Much Should I Budget For a Baby Per Month?

Budget for a baby per month should include costs for food, childcare, healthcare, diapers, and clothing. The exact amount can vary widely but plan for several hundred dollars at least.

Medically Reviewed by

Katelyn Holt RN, BSN, BC

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In my class, I assign this to my students. They are able to use any of their favorite stores (Amazon, Walmart, Target, etc.) and online search pre-determined items and their cost. They must hyperlink the item for me as well. By picking each item, they will have a grand total for their "baby" at the end of the assignment.

This is a very popular assignment in my child development class. It is also eye opening for most students.

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Baby on a Budget: Budgeting for the 1st Year of Baby Costs

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Having a baby comes with a price tag and unless you prepare your finances, the cost may shock you. Now is the best time to begin preparing your baby budget and get a handle on finances for your new arrival and anticipated first year baby costs. Download your free Budgeting Worksheet to calculate the first year baby costs. 

What First Year Baby Costs Should I Plan For? How to Make an Accurate Baby Budget. 

• How expensive exactly are babies?  
• What kind of costs should I plan for in the first year?
• Can we afford to have a baby?  
• Are we able to make ends meet?

These are questions my husband and I hadn’t dug too deep into before we were pregnant, but hit us hard once we found out we weren’t expecting just one, but two babies.

Aside from the immediate fears I had of having two newborns at once, my brain also went straight to the expense of having children and raising them – times two.

• Could we afford to have two kids?
• Were we making enough money?
• What exactly are the costs I need to plan for?
• Will we be stretching ourselves too thin once they’re here? Or are we going to be OK?

We sat down and hammered out a new budget to plan for the costs of childbirth and then caring for two children in the first year.

Taking an honest look at our expenses we saw what our financial state with kids *actually * looked like. I could breathe a sigh of relief that we’d be Ok, but in reality, we needed to cut some expenses back like coffee runs and entertainment to help out.

Initially I decided to go back to work after maternity leave, but that plan fell through when I went on bedrest at 34 weeks with preeclampsia and my position at the small company was filled. I didn’t have a job to go back to and immediately became a Stay at Home Mom still pregnant, and without any babies yet.

(Which, I look back now and know it was all for the best, of course.)

The last-minute change had us scrambling to figure out how to make one income work, but thankfully I had planned well enough, stockpiled diapers for almost a full year and graciously accepted hand-me downs which saved us a lot of money (and fights over money, I’m sure.)

These are the things you need to consider before, or right after, you find out you’re pregnant. Take into consideration what you deam neccessitities, the lifestyle you want to keep and what to do when unexpected costs show up (and they do, they always do.)

Before you plan for baby, think about your current expenses and what costs you’ll have for a childbirth class, doula or midwife, and insurance costs.

If you are thinking of taking a prenatal class so you know what to expect for labor & delivery, this is an excellent online prenatal class  that’s less expensive than traditional classes and geared towards couples (with personable videos for dads who have a short attention span or hard time focusing on birthing).

Hillary who teaches the online class, has been a L&D nurse for 16 years, and has attended close to 1,000 births. She addresses everything from what to pack, to how to you should feel about pooping during delivery. (And I guarantee it’ll make you feel WAY better after you hear what she has to say about it.) 

I don’t think (based on my own experience of doing this) that going to a traditional prenatal class when you tired in the evenings, and already so busy, is a  necessity.

I do think if you’re pregnant for the first time, you would benefit from having an idea of what’ going to happen. Plus, you can take the online prenatal class  from the comfort of your couch and most comfortable pregnancy pants.

Baby Budget: Figuring Out The First Year of Baby Costs

Take a realistic evaluation of your financial state.

This is the most important part to evaluating your baby budget, so do this step right away.

The best way to get a real view of your financial state is to track all your incoming and outgoing expenses for one month. Don’t change anything when it comes to your finances YET. Right now you want to see exactly what you are spending on your home, groceries, eating out, cars, utilities, etc. before adjusting.

This will give you a true snapshot of how much you spend and save.

USE THE 1st YEAR BABY BUDGET TO CALCULATE BABY COSTS

Calculate all the items you’ll need, the estimated quantity and overall cost of each.

EXAMPLE: Diapers à $30/box à 2 Boxes Per Month x 12 months à $720/Year

Next, add all the line-items up to find the total cost of baby for the next year. This might shock you, but take a deep breath….

• Be sure to calculate health insurance deductibles for labor & delivery
• Doctor co-pays for each additional visit you may take (sick, odd visits)
• A lot of items you can ask for on your baby registry, but be cautious in your budgeting in case these are not fulfilled. It’s best to plan on them, just in case.
• Call your health insurance company to find out what your health insurance will increase to when you shift to a family plan.
• You can do an online Living Will and have it notarized, but plan on at least $100 (and yes, this is very important and should be a requirement for all parents.)
• College savings are not necessary, but the sooner you start these, the more they’ll grow. A little each month will add up quickly over the long term, even if it’s only $25 per month to start.

If you are going to receive any paid maternity leave or have disability insurance which will help cover costs, this will detract from the overall costs and help bring the cost of baby down. Whew!

DETERMINE IF YOU CAN LIVE OFF A SINGLE INCOME OR NOT

Once you have a snapshot of your expenses and money flow, you now have a better idea of where your money is going and how much of it you have left each month. Fingers crossed for a surplus!

• Look at your annual baby expenses and divide it into monthly chunks.
• Keep in mind some of the costs such as labor & delivery may need to be paid quickly and won’t be a monthly expense unless you need to go on a payment plan, and then they would. The more you can get the big stuff out of the way, the less monthly expenses you’ll have.
• First, look at your budget as a two-income family. Add in the monthly baby costs to this budget and see if you have money left-over, or you’re over budget.
• Next, look at your budget based on a single income. Add in the monthly baby costs to this budget and see where the numbers fall.

Now, it’s time to evaluate what happens after baby arrives based on these two strategic budgets.

Are you a two-income family who wants to remain this way, or shift to a one-income family once your baby is here?

Now that you know what the big picture of your budget looks like, you can take an honest approach to answering these questions:

• Can you live off one income if you chose not to return to work?
• Can you afford to live off one income… are there too many sacrifices to or will you be able to keep the lifestyle you want?
• How much of your budget do you need to adjust to make a single income work for you?
• Does it make financial sense to pay for childcare on two incomes? (if your take home pay is minimal after you deduct childcare costs… does this still make sense for your family?)
• If you want to keep working, will it be part time or full time?
• Where can you cut numbers?

BE REALISTIC ABOUT WHAT ITEMS YOU *REALLY* NEED

Some baby gear like a wipe warmer or bottle warmer for your car sounds nice, but aren’t necessary. A crib, mattress, diapers and wipes are necessary.

Baby registries at big box stores give you a dozen pages of items “you need,” but the truth is they aren’t required to care for your baby. In fact, newborn babies need very little.

It’s up to you to decide what you need, but shopping secondhand and accepting hand-me-downs are free or have minimal costs and are where it’s at.

All three of my kids had used cribs and mattresses handed down. We never used baby bath towels and they were perfectly fine using our regular home ones. I got rid of our diaper pail and just put the diaper in a bag or the outside trash because the fancy diaper pail bags are expensive and just one more added expense.

Ask friends – and take them up when they offer – for maternity clothes, baby gear and clothing. Shop secondhand and scour garage sales for great finds at deep discounts. Often you’ll find unopened and brand-new items at these places. There is absolutely no shame in shopping gently used items for your baby – they will never know the difference and your pocketbook will thank you.

CREATE A PRACTICAL BABY REGISTRY YOU NEED, NOT JUST WANT THAT’LL HELP YOUR BABY BUDGET

Shopping for baby is fun, and people love to buy cute clothes and blankets all day long… but that is not what your baby really needs. When you create a baby registry, aim for practical. Include all the necessities and in sizes up to the first year.

People love to buy newborn and itty bitty baby clothes, but this age will go fast and it’ll be a huge help to have items you need throughout the entire first year of baby’s life.

Plan on diapers up to size 2 or 3, swaddles and sleep sacks for bigger ages, and if you choose to do bottles and pacifiers, these are sized by age, so register for them all!

The stuff I wanted, always ran out of stock and it was really frustrating!

You can add from any store and they have the best prices versus Babies R’ Us or Target which their baby gear is always marked up.

BREASTFEED TO SAVE ON FORMULA (IF YOU CAN)

I know not everyone is able, or choses to breastfeed, but this can really help with your finances because formula can be quite expensive – and you’ll need a lot of it each month. Breastfeeding is free food for your baby. FREE.

I know breastfeeding is very hard and can be painful (oh, I know this all too well), and sometimes babies require certain formulas due to allergies as much as you try to make it work. Do the best with what you can and be prepared to change plans if you need to. This is where an emergency baby fund can help if you run into extra expenses.

START SAVING & STOCKPILING EARLY

It’s a great idea to start creating a baby fund now – even before you’re pregnant or the minute you find out! Also, start stashing away boxes of diapers, wipes and essentials when you have the extra money for it.

Automatically putting away $25 or $50 out of every paycheck will add up by the time your baby is here and having an extra $1000 or more can be a huge relief if extra, unexpected expense pops up. (They always do!)

If your budget is already tight, try to find ways to make extra money while you have the energy and are feeling well, and ask your partner to do the same too! Working extra hours, helping tutor kids, babysitting, pet sitting or pick up freelance work all helps build an emergency fund.

MAKE YOUR OWN BABY FOOD

Once your baby begins solids, you’ll notice your grocery bill picking up. Making large batches of fruits and vegetables and then freezing them helps your bottom line, but ensures your baby is eating clean, fresh and nutritious foods.

I’d suggest buying about two dozen jars of store-bought baby food just for the containers. Once they’ve been eaten, clean and reuse them. They’re cheaper than the reusable baby food jars you find designed for parents who want to make their own. (I have no idea why this is the way it is, but trust me it’s pricey.)

You can also use ice cube trays, fill with baby food after you’ve made it, freeze and save in freezer zip top plastic bags for later. Later, you’ll only need to thaw, warm up and serve.

USE A SUBSCRIPTION SERVICE FOR DIAPERS & BABY ESSENTIALS

I love, love, love the Family subscription services with Amazon because you get 20% off diapers and other baby supplies, and it’s delivered to your front step so you don’t even have to leave the house! Great if you have a new baby or multiple kids.

There’s FREE 2-day shipping too so if you notice you’re down to your last 20 or 30 diapers, you’ll have more sent to your house and arrive in time. They also allow coupons and have a ton of deals to drop the price even lower, which I’m all about saving money as a Mom.

You can Join Amazon Family with the 30-Day Free Trial Here

TAKE ADVANTAGE OF FREEBIES FOR MOM & BABY

Marketers know new moms are a gold mine for spending on their baby, but they want to entice you with freebies first… so take full advantage! Your OB’s office most likely has freebies including formula, diapers and baby products for baby like this nursing pillow and carseat cover.

Be sure to use the code PRAGMATIC1 so the item is free at checkout, otherwise if you go to the store and don’t use the code, you’ll have to pay full price.

• Pregnancy Pillow (15% OFF) –   www.pregnancypillow.com
• Carseat Cover (FREE) –  www.carseatcanopy.com
• Nursing Pillow (FREE) – www.nursingpillow.com
• Baby Wrap / Sling (FREE) – www.sevenslings.com
• HOODED BABY TOWEL (FREE) –  www.hoodedtowels.com
• 5 Pairs of Baby Leg Warmers (FREE) –  www.nursingpillow.com

The Ultimate Pregnancy Organization Toolkit

Be sure to snag the  Preparing for Baby Toolkit Here  – Read more about what’s inside to help you stay organized and prepare during every step of your pregnancy, and after you bring baby home. This information will help you prepare for baby, won’t let you forget any detail during pregnancy and take the overwhelm out of expecting a baby. Read more about what’s inside and how the  preparing for baby toolkit will help you .

More Pregnancy, Labor & Delivery Resources

• 9 Things to do BEFORE You Try to Get Pregnant
• 22 Natural Remedies to Treat Morning Sickness
• What is a Doula? The Benefits to Having a Labor Coach On Call
• 11 Ways to Make Postpartum Recovery Easier (& Quicker)
• What Do I Pack in My Hospital Bag? Printable Hospital Bag Checklist for Labor & Delivery
• Natural Healing Powers of a Postpartum Sitz Bath

Want even more?

Shop All Parenting Resources

Shop all of our parenting resources from self-regulation tools and managing big emotions to building self esteem and confidence. There are resources for all seasons of life!

Wow, I feel like I so needed this post before I had my son! What a great read. Thanks!

Thanks for sharing this wonderful post

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How much does it cost to have a baby - the essentials?

Keeping the expenses low, how does the cost of having a baby calculator work.

Are you planning on having a baby? Then this cost of having a baby calculator is just for you! It estimates the average cost to raise a child, meaning all the necessary expenses you need to cover to support your newborn just after they come home. Check the date with the due date calculator .

The results include all of the most essential one-time purchases. In the article below, you'll find money-saving tips and baby must-haves.

The baby's expenses from birth 'til adulthood

The average cost to raise a child is quite a scary topic for those who don't have a kid yet - and one too well understood by those already with a baby. Why so? A child is an ongoing expense for the next 18 years at least . They cost even more when they go to school (take a look at our back to school calculator ), when they are teenagers (and eat a lot!), and when they finally get their car, or maybe just get put on your insurance. Finally, after all of that, there's college, flat rental, and helping them start their own lives. You may also want to save up some money every month to secure their future. If so, check out the savings calculator .

The average cost to raise a child mostly depends on whether the family is single or dual-parent . The second factor that influences the cost is the family's income; the average spending on a child from a low-income family is more than half that of a high-income family. While they still spend roughly the same on essential items, this disparity is brought about by money spent on leisure, hobbies, electronics, etc.

Are you interested in similar calculators to help you get through those early days as a new parent? Our diaper calculator is just what you need.

Let's be clear - you don't need to buy everything in advance . In this tool, we focus on the items that are crucial from the very first days. Why? First of all, small babies grow so fast that they'll outgrow most of their clothes in the first weeks. Second of all, it's better to try out different brands at the beginning, so you can find out exactly what you need in, say, a baby monitor. Finally, only buy the things you'll need in the first few months, not years. There's no need to get the coolest bicycle or cute high-chairs at that moment - the right time will come soon.

So, what are the basics? Below are all of the items included in this cost of having a baby calculator:

First, nursery-related things , such as a crib or a bassinet. A co-sleeper for the parents who want the child close, without the fear of rolling on top of it at night or having to leave the bed when the baby wakes up every other hour. Then, some essential bedding and blankets. A changing table could also be helpful, especially if it comes with a cupboard, where you could keep all of the baby's clothes. The last thing, which is life, and sleep, the saver is baby monitors. The most modern ones come with a camera, so you can not only hear the baby crying in the other room but also see what's happening in real time.

If you decide to breastfeed , which is the best option for feeding the baby unless there's any contraindication, all you need are comfortable nursing bras and a pillow. Maybe add a bib if you don't want to change after each feeding. On the other hand, if direct breastfeeding is not possible, e.g., you go to work, you'll need a pump (either manual or electric), a storage bag, and a couple of bottles and brushes. There's no need to buy these things immediately, but only if you decide to express milk.

Bathtime! There are a couple of things you'll need for their first baths, such as a baby bath, a couple of comfy towels with a hood, and fluffy washcloths.

Not every family will need a car seat, but they'll sure use a stroller . It should be stable and safe, possibly with a place for a cute diaper bag; you'll never know when you'll need it! For those who prefer closer, skin-to-skin contact, a sling or carrier can be used.

The last, but certainly not least, is a pacifier .

Did we forget about something? If so, you can add your other expenses at the end.

So, how much does it cost to have a baby? Quite a lot. But there are some tricks that will surely help lessen the strain. Take a look at the paragraph below . 👇

As mentioned at the beginning, the budget estimated with our cost of having a baby calculator includes only the first and one-time costs. There are also diapers, clothes, food, toys, etc. Supposing you don't make your money on YouTube and therefore don't get any free gadgets to promote, how can you reduce the expenses?

Try buying those items second-hand . Search for some Facebook groups where parents exchange or give away baby stuff. Kids grow fast, and in a blink of an eye, your crib will be too small. The only thing which should be new is car seats; used ones may not guarantee safety due to their overuse in the past or deterioration of the materials over time.

It's effortless. First, choose whether you'll be calculating for one baby or twins. In the case of twins, some of the items cost double. Next to those, there's a (2x) sign .

If you're from the US or Poland, the default average price is already provided in the calculator . Otherwise, it's set to zero. However, if you know the exact costs of the things you buy, feel free to change it. By choosing show me the price range option, an estimated price range shows up at the end of the section for each item above. Note that some of the items have a wide range of costs, e.g., you may find cribs for both 120 or 800 USD. It depends on the materials used, additional features, and the brand.

At the end of the expense calculator, you'll get the total cost and also the sums of each section . On the pie chart, there's a graphical explanation of how the expenses are distributed between the parts.

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Budgeting for New Parents: How to Build a Baby Budget

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Becoming a parent should bring mostly excitement and joy, but a little bit of panic is normal, particularly when you think about the baby budget.

Before you learn how to build a budget and tackle other money matters related to parenting , consider this warning: Becoming a parent will keep your finances in flux for years to come. You’re in for a challenging ride. Stay calm. When it comes to budgeting for parenthood, the keys are equal parts preparedness and flexibility.

Budgeting for a baby

A NerdWallet study found that in the first year alone, the cost of raising a baby can run upward of $21,000, and the cost of raising a child to adulthood dwarfs that. But while your expenses will both change when you have a child, your budgeting approach doesn’t have to. You’re still stretching your income to cover your expenses and debts, plus savings.

If you’re new to budgeting, we recommend divvying up your income with the 50/30/20 approach :

50% for needs such as household bills, minimum loan payments and expenses such as child care, diapers and formula.

30% for financial wants .

20% for savings and payments on toxic debts, such as payday loans and credit card balances.

This split is a goal. You could find your needs take up much more than 50% of your income — not uncommon for many middle-income families, particularly those with a child in day care — and that’s OK. The point is that you’re tracking your spending and aiming for improvement.

This 50/30/20 budget calculator can give you a better idea of how your current budget breaks down. Once you’ve established a spending baseline, track your progress from month to month.

How to build a baby budget in 4 steps

1. determine your financial priorities.

New parents are often in a rush to save for their child’s education, and that’s commendable. But this shouldn’t come at the cost of your current and future financial security. After all, you can borrow money for college, but not for retirement.

Once you have a small amount of emergency cash to cover unexpected expenses — say $500 — your financial priorities should be as follows:

Retirement savings: To make sure you’re saving enough for the future, try this retirement calculator . You should ideally set aside 15% of your income, but save at least enough to qualify for the maximum employer match on your 401(k), if your workplace offers one.

Toxic debt payments: Pay off debt that is hurting you. Balances on payday loans, credit cards and title loans, for example, cost you daily and prevent you from focusing on other financial priorities.

Contributions to an emergency fund: Build your emergency fund from that $500 seed, aiming for enough to replace several months of income.

Once you're making progress on these items, you can think about college savings strategies .

That being said, if your relatives are itching to help fund junior’s university years and you can afford to put aside an extra $15-$25 per month, set up a 529 plan . You can deposit the minimum required for now, and generous family members can also contribute.

2. Practice living on less

Your income might change after having a child, even if temporarily. One parent might take some unpaid maternity or paternity leave, or one might leave work entirely.

Practice living on this lower income in the months leading up to your due date. Set aside the income of the soon-to-be stay-at-home parent to get accustomed to a smaller budget and to save for child care and other upcoming expenses.

3. Anticipate changing expenses

Formula, diapers and day care expenses won't last forever. Those costs will fall off your budget as your child grows, and expenses like dance lessons and auto insurance will eventually take their place.

In the meantime:

Estimate the amount you'll spend in the first year using this cost of baby calculator . Fine-tune this amount by getting quotes from local child care centers if you plan to put your baby in day care.

Research ways to reduce that cost:

Compare the cost of adding a child to all working parents’ health insurance plans.

Buy secondhand or find ways to get free baby stuff .

Request must-haves at your baby shower(s).

Shop around for child care.

Anticipate how long these costs will last. Many costs to first-time parents are one-time expenses, including the crib and the strollers. Others continue for just a few years, such as child care until your kid goes to school.

Review upcoming expenses monthly when you sit down to pay your bills. You don’t want to be unprepared, so find space in your budget as best you can in advance.

4. Prepare for when there just isn’t enough

Sometimes there just isn’t enough money. Cutting expenses and increasing household income are the two basic strategies for balancing your new budget, but this can be easier said than done. If you haven’t already, look closely at these options:

Find new ways to make money .

Ask for a raise or find a better-paying job.

Downgrade or sell a car .

Refinance your mortgage and/or consider refinancing student loans .

Consolidate and comparison shop for your homeowners and auto insurance .

Eliminate unnecessary monthly subscriptions, such as streaming services or unused gym memberships.

Like some of the increases in household expenses associated with parenting, these sacrifices can be temporary, too.

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When planning a baby's first year, you may be surprised by which items you'll need to have and which items are just nice to have! This Baby Cost Calculator will help you decide which is which, and give you an idea of how much you'll need to spend. As a bonus, it will also help you estimate possible tax savings!

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One-Time Expenses

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Budgeting for a New Baby: Ongoing and One-Time Expenses

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The arrival of a new baby can be both exciting and financially overwhelming. A tiny new baby can mean big changes and major expenses for new parents. How much money can you expect to spend on your little one in the first year? What financial tools should you consider creating? Here we'll show you how to financially prepare for your family's newest addition before they arrive.

Key Takeaways

• One of the largest expenses for new parents can be the delivery—the cost of which depends on the location and health insurance policy.
• One-time costs often include travel, home needs, and nursing/feeding.
• Other things to consider include the cost of child care and savings plans.
• It's important to have an emergency fund if one parent decides to stay home.

In this scenario, we look at the first baby. That means starting from scratch in many areas such as furniture, strollers, and cribs. There is, of course, also the one-time medical expense of delivering a baby in the United States. As we'll see, this expense is by far the hardest to pin down in any meaningful way.

Medical Bills

In the U.S., the average new parent with insurance coverage can expect to pay almost $14,000 for their labor and delivery, according to a 2020 research article published by the Healthcare Cost Institute. Vaginal deliveries can cost from $7,000 in Arkansas to $17,000 in New York. Interestingly, out-of-pocket costs also exhibited a wide range, from $1,000 in D.C. to $2,400 in South Carolina. (2017 was the most recent year for which data was available.)

It is important to remember that the cost of routine birthing care is highly variable based on your location and insurance coverage. If you have an insurance policy, review it to determine your out-of-pocket costs for prenatal care, hospital stay, tests, and postpartum care. Unfortunately, it's nearly impossible to accurately predict how much you'll pay without reviewing the health coverage you have available to you.

An insurance policy and location are important factors when determining how much the delivery of a baby will cost. If you lack a private insurance program, Medicaid or the Children's Health Insurance Program (CHIP) could be options for you and your child.

The one-time purchases for babies are as variable as medical costs but for different reasons. This category can go up exponentially depending on the wants of the parent.

Travel Needs

To get out and about you will most likely want to purchase a stroller, an infant car seat (required by law), a baby carrier, and a diaper bag. If you plan on being out a lot, a portable playpen and/or bassinet may make sense. Like many of the things on this list, there is a wide range of costs.

Buying an adapter, snuggle bags, and another option for some brands of strollers can be a $1,000 price tag without taking in the cost of the stroller itself. On the other end of that range, a seat and stroller combo can still be purchased new for under $150, and used equipment or hand-me-downs can fill in for all the others. It is worth noting that, at the very least, it is worth buying a new infant car seat . There is no foolproof way to ensure that a used one hasn't been compromised in a previous accident or through hard use.

To keep your child occupied, you may want to consider a portable swing, bouncy seat, play mat, and/or jump seat. You may also want to have a crib and/or bassinet, crib mattress, basic bedding with blankets, a changing table, a small dresser, a rocking chair, a monitor, and a diaper pail. Again, this is an area where personal preference dictates cost. Unlike car seats, everything is for use at home, meaning that you can buy it used or even acquire it through one of the many share and swap groups you'll find online.

Nursing and Feeding

Feeding costs for your new infant do, of course, vary like everything else based on your particular situation. A birthing parent who can stay at home and has no issues breastfeeding around the clock will see very minimal costs for months before a high chair and dishes are required. In that situation, some things like a breastfeeding pillow, burp cloths, or even a cape are more than enough.

If the parent will be storing breast milk for use, then items like bottles, nipples, cleaning equipment, and a single or dual breast pump come into play and your budget will increase. If breastfeeding isn't possible, formula feeding will add significant costs to your first year of parenting.

For those interested in a non-biological child, adoption comes with its own set of expenses , including cash payments, medical assistance. The actual costs vary wildly but can go as high as $50,000 or more. Some employers offer adoption benefits such as time off or financial assistance. There are also government programs worth exploring.

Once your baby arrives, the regular expenses to care for your little one kick in. Factor the following costs into your budget.

If both you and your partner will work after your baby's arrival, your single biggest budget item will be child care. Your child care costs vary by where you live, the age of your child, how much care you require, and what type of care you use. The Care Index pegs in-center child care costs at just under $10,000 per year. The average cost of a nanny or other in-home care is around $28,350 a year, but again that can be higher or lower based on location and so on. Keep in mind, though, some costs might be offset by various tax credits , such as the child and dependent care credit . Be sure to confirm if you are eligible.

Food and Other Necessities

Food, such as Gerber formula , clothing, and diapers make up most of the necessities in the ongoing costs. Once you begin feeding your child solid food, you can expect to spend roughly $100 a month. The early food costs for children are relatively small compared to what you will see from a teenager.

Clothing and Diapers

Diapers also vary in cost, but experts advise that you should budget at least $1,000 for diapers and $450 for wipes for the first year alone. That's approximately $120 a month. Parents who choose to use disposable diapers should also expect to go through as many as 3,500 diapers in their child's first year alone.

Making homemade cloth diapers out of repurposed fabrics (either fabrics you have on hand, or inexpensive fabrics found at thrift stores) is an option that would reduce diaper costs significantly.

More Medical Bills

Plan on six wellness visits the first year for evaluations, immunizations , etc., and a few additional visits for illnesses. Check your health insurance policy for your rates.

If you become a stay-at-home parent, there are important budget changes to consider. The most obvious is reduced family income. Despite the high cost of child care, the cost of one partner leaving an income behind to commit to full-time parenting can be much higher in terms of lost income, benefits, and investment.

Under the Family Medical Leave Act (FMLA) , your employer may grant you up to 12 work weeks of unpaid leave for your baby's arrival. Here again, nothing is set in stone as small businesses do not fall under the FMLA. So check to see what type of leave you may qualify for with your employer. If you take unpaid leave, calculate your regular expenses during that period—mortgage, utilities, insurance, groceries, etc.—and determine how you will meet those costs.

This is compounded by diminished earning potential if that partner decides to resume their career. The decision to stay home can be personal or financial—at lower income levels, even government programs cannot balance the high costs in some regions. If it is for personal reasons, however, a couple can at least try the one-income budget before birth to get an idea for it while building an emergency fund with the second income at the same time. 

With your child's arrival, you'll want to create financial tools to help provide for your child's future. Determine your priorities to begin budgeting.

College Savings Tools

According to the College Board Report, the average cost per year for college in 2021 to 2022 ranged between $10,740 to attend a public four-year in-state school and $38,070 for a private four-year education. Start saving now through one of several college education investment tools, such as a 529 plan , Coverdell Education Savings Account , or UGMA/ UTMA account .

There have been some changes to the way some accounts can be used—namely the 529 plan. The Tax Cuts and Jobs Act (TCJA) of 2017 and the Setting Every Community Up for Retirement Enhancement Act (SECURE) of 2019 have expanded the use of 529 plans to include K to 12 education, apprenticeship programs, and the ability to pay down student debt.

The SECURE Act 2.0, passed in January 2023, offers another newly expanded benefit for 529 plans. It allows beneficiaries of these plans to roll over up to $35,000 from any 529 accounts in their name to a Roth IRA in their name over the course of their lifetimes.

Life Insurance

If you do not have life insurance, now is the time to buy it if you can afford to do so. For just a few dollars a month, you can be assured that your child will have financial resources if you and/or your partner were to die unexpectedly. Talk to your employer or an insurance agent for options on both life insurance and disability insurance. 

Health Insurance

Without health insurance , just one serious accident or illness could deplete your savings and put you in significant debt. Investigate your insurance options if you don't already have coverage, or budget for the increased monthly premium to add your child to your policy.

Flexible Spending Accounts (FSAs)

Flexible Spending Accounts (FSAs) enable you to use pretax dollars to pay for important family budget items, like child care and healthcare expenses. Talk with your employer or financial advisor about setting up a dependent-care FSA and/or healthcare FSA. 

No matter your income, however, there are numerous ways to meet your new baby's needs without breaking the bank that we've hinted at throughout. Namely:

• Consignment/thrift stores:  Babies grow quickly. Instead of paying full price for their clothing, check out gently used and even new items at your local consignment or thrift store. Many stores will also buy back items after your child has outgrown them for cash or store credit. Online swap groups and parent networks can also provide quality goods for cheap—and sometimes even free. 
• Family/friends for back-up daycare:  Instead of having to take a day off (possibly without pay) when your child is sick, make arrangements for family or friends to help out with emergency back-up daycare.
• Borrow items from friends:  Ask friends with young children if you could borrow items—particularly big-ticket items they're not using, like a crib, high chair, or rocking chair.
• Baby shower gifts:  Register so party-goers can buy what you really need and avoid ending up with multiple baby rattles and photo albums.
• Downgrade your lifestyle : Having a child is going to change a lot of things, including your financial priorities. After reviewing your new budget, you may not be able to make the numbers add up. Consider closing the gap by downgrading in a few key areas. For example, think about trading in a large car for a more affordable model, shopping at less expensive stores or buying more generic items.

Children are a wonderful gift—if sometimes an expensive one. The main thing to keep in mind is that averages don't mean much when the range is as wide as it is with costs around a baby. Good health insurance can protect you from hospital bills for the most part, but only planning and budgeting can help you handle the rest. The Finnish practice of sending birthing parents home with a simple starter box that can double as a baby bed shows that many of the thousands of dollars spent on our children's first years are more for our status than their well-being.

Healthcare Cost Institute. " Understanding Variation in Spending on Childbirth Among the Commercially Insured ."

U.S. Department of Transportation. " Child Passenger Safety Laws, Child Safety Seat Distribution Programs, Education and Enhanced Enforcement ."

Care.com. " The Care Index: Explore the State of Child Care in the U.S ."

IRS. " Topic No. 602 Child and Dependent Care Credit ."

U.S. Department of Agriculture, Food and Nutrition Service. " 2015 Expenditures on Children by Families ," Download Full Report PDF, Page 24.

Healthline. " How Many Diapers Do I Need? A Guide to Stocking Up ."

U.S. Department of Human and Health Services. " Make the Most of Your Baby’s Visit to the Doctor (Ages 0 to 11 Months) ."

U.S. Department of Labor. " Fact Sheet #28: The Family and Medical Leave Act ."

U.S. Department of Labor. " Family and Medical Leave Act (FMLA) ."

CollegeBoard. " Trends in College Pricing ," Download Full Report, Page 3.

U.S. Congress. " H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 ."

IRS. " IRS Offers Guidance on Recent 529 Education Savings Plan Changes ."

U. S. Senate Committee on Finance. " SECURE 2.0 Act of 2022 ." Page 6.

Health Insurance Marketplace. " Using a Flexible Spending Account (FSA) ."

BBC News. " Why Finnish Babies Sleep in Cardboard Boxes ."

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What you need to know about preparing financially for a baby

Diana Opong

Michelle Aslam

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This story comes from Life Kit , NPR's podcast to help make life better — covering everything from exercise to raising kids to making friends. For more, listen to Life Kit on Apple Podcasts and Spotify or sign up for our newsletter .

The U.S Department of Agriculture says families are projected to spend an average of $233,610 raising a child born in 2015 . That's not cheap, and thanks to inflation you can add almost $51,000 more to that total.

Those financial figures are a lot, but the good news is you don't need to worry about having all that money upfront. There's a proverb: A journey of a thousand miles begins with a single step.

Parent and money expert Farnoosh Torabi advises expectant parents (or those planning on having children in the future) to focus on that first year. And while it is expensive, Torabi says one of the benefits of becoming a parent is that you instinctively start to prioritize and focus on what matters.

Start planning for the big things early.

Explore your current situation as early as possible, so you know what your options are and have an edge on making adjustments. Torabi suggests starting with one of the biggest costs: child care.

There's never a 'right' time for a baby — but these questions can help you decide

What you can expect to spend on child care depends on where you live — average costs vary widely based on location . Think through your ideal childcare scenario and what's available. Is daycare an option? Do you need to get on a waitlist? Do you have a friend or family member who could watch your baby? Or do you have the option to stay home, even if that means going from dual income to a single income?

Also, look into what your employer might offer in terms of paid leave. Will you qualify for time off through FMLA ? Torabi says the earlier you examine this, the more room you have to make changes, for example finding a job that has benefits or pay that match your goals.

"We are very behind as a nation in terms of family leave policies," she says. And while changing jobs for lack of paid leave is not an option for everyone, Torabi says doing so can send a message: "The more that we, as workers, leave jobs because of this reason and make that the reason we leave, I think that's going to be very powerful."

Budget for essentials.

If you've never cared for an infant before, it's hard to know what you'll need that first year. Looking at a baby costs calculator like this one can help. That said, some costs are more negotiable than others. For instance, you can save money by borrowing or thrifting baby clothes and checking out books at the library. Other essentials will be a more regular part of your budget:

How to spend less money, starting with a budget

Food : This one is obvious, but babies need to eat. That could mean formula and bottles, and if you're nursing, that may mean a breast pump. Sometimes you can rent one from the hospital, and insurance companies are required to cover certain models of pumps . Torabi also suggests getting samples from the hospital when you can and signing up for mailing lists and samples of formulas if you're using that.

Diapers : Diapers are another recurring, necessary expense that can add up. One in three U.S. families struggles to afford diapers, according to the National Diaper Bank Network. Think about how you want to diaper your baby. Will you go cloth or disposable? If you need assistance, local diaper banks, mutual aid groups and places of worship can often help.

Health care: Hospital costs will depend on your health insurance and the services you (and baby) end up needing during your pregnancy and delivery. Make sure to bring your insurance information to your doctor's office and ask what's covered, or what might come up, so you can plan. That may also mean calling your insurance company yourself.

Think about your child's insurance coverage. Will they be added to yours? Your partners? Will they qualify for CHIP?

Applying for health insurance doesn't have to be confusing. Here's a handy glossary

Parse the necessary from the unnecessary..

Don't get sucked into the mindset that just because you're having a baby means that you somehow now need to upgrade your entire life. Torabi suggests reducing stress and expenses whenever possible.

A few things you probably don't need to worry about:

Moving into a bigger home: Everyone likes having extra room, but babies are small, sleep a lot, and don't need a ton of space. Plus they won't be going to elementary school instantly, so you don't need to worry about your school district just yet. You can have a baby in a studio apartment.

Upgrading your whole wardrobe: Maternity clothes don't last that long — don't go wild. Wear what you can from your own (or your partner's) closet for as long as you can, and borrow or thrift the rest.

Having the latest model of everything: Babies need clothes, and sometimes they need accessories like strollers, cribs and high chairs, but you can get a good amount of these items gently used (or even brand new) and free! Facebook marketplace, neighborhood listserves, Buy Nothing groups and thrift stores can be good places to find baby gear.

Just make sure the gear you thrift hasn't been recalled. A quick internet search of the product make and model should be able to tell you . (Most experts don't recommend getting a car seat secondhand for safety reasons. If you need help affording one, this list can help .)

If you're lucky enough to have family, friends and coworkers who make up your community, lean into the excitement and let people provide for you. Baby showers can be a great way to gear up.

Your Life Kit for better personal finance

How to pay off your debt in 7 steps, look at your debt and savings goals.

If you have a lot of debt, enlist an advocate to help you. Torabi recommends the National Foundation for Credit Counseling . It's a not-for-profit organization that provides free consultation and has a mission of helping people tackle their debt.

For those with a dual income, Torabi suggests practicing living on one income for a few months. It may sound unrealistic, but you may need to do it if someone loses a job, so give it a try, even just for a week. This is also a great way to do some lump sum savings to get to the finish line faster.

Giving your money meaning, when paying off debt or saving for a purpose, can help you meet your goals. Torabi says to let the goal of becoming a parent be like a carrot that keeps you moving forward.

Our relationship with money is emotional. How to make the most of your cash

Remember, this is an emotional experience..

People — well-meaning people — are going to have opinions on what you should or should not do, even items to buy or avoid as you plan. Just remember that you don't have to do any of the things that everyone says you need to do. Do you HAVE to take a babymoon or do expensive prenatal yoga or sign up for that monthly Montessori toy subscription? Nope.

YouTube is full of free prenatal yoga classes, and it turns out that babies like to play with household objects just as much as expensive toys.

A lot of decisions about money and parenting are emotionally charged. Take a beat before making an emotional decision. You don't need the most expensive stroller to be a good parent.

The audio portion of this episode was produced by 2021-2022 Kroc Fellow Michelle Aslam. We'd love to hear from you. Leave us a voicemail at 202-216-9823, or email us at [email protected].

Listen to Life Kit on Apple Podcasts and Spotify , or sign up for our newsletter .

How to navigate matrescence – the ups and downs of new motherhood

What is postpartum depression? How to recognize the signs and get help

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A Budget Guide to Pregnancy, Your Baby's First Year and Fertility Treatments

Budgeting for a Baby: Pregnancy, Infancy, & Fertility Treatment

Jeff Benson

Jeff Benson has been published in Via Magazine, Inspired Bali and Kampala Dispatch. He's also written and edited dozens of online guides on education and personal finance. He's currently trying to find time to finish his first novel. Find his work at serialmonography.com.

Quality Verified

MoneyGeek is dedicated to providing trustworthy information to help you make informed financial decisions. Each article is edited, fact-checked and reviewed by industry professionals to ensure quality and accuracy.

Updated: November 8, 2023

Featured Expert:

Dr. Kacey Durant

Assistant Professor, Department of Family & Community Medicine, University of Nevada

Dr. Kacey Durant earned her medical degree from the University of Nevada School of Medicine. She is now an assistant professor at the university's Department of Family and Community Medicine. Her professional interests include pediatric medicine, women's health and obstetrics.

• Fundamentals Before Having a Baby

How Much Does Pregnancy Cost?

• The Cost of Fertility Treatments

The Cost of Your Baby's First Year

• What Type of Leave Can You Take?

Advertising & Editorial Disclosure

No one would argue that having a child isn't worth the money, but there's no question it can be expensive. Along with their first steps and unconditional love, a little baby can come with some big bills—and those costs can start adding up before your child is even born. But keeping finances in check isn't impossible: it just involves planning ahead, doing some smart budgeting and taking advantage of insurance benefits and government programs designed to help parents. Keep reading to find out how to manage costs each step of the way from conception through your baby's first year.

Fertility When nature needs a little help taking its course, many hopeful parents turn to fertility treatments. Take a look at the cost of different medical options for various fertility treatments, as well as some free or inexpensive methods to try first.

Pregnancy Affordable Care Act (ACA) programs, Medicare, and employer-based health insurance all offer benefits for pregnant women and their partners. Learn about what's covered for nutrition, prenatal testing and parental leave options, as well as what other expenses to expect.

Baby Diapers, clothes and strollers—those are just the basics. There are plenty of other baby necessities to keep in mind (cradle cap brushes and nasal aspirators, anyone?). Find out what costs to expect and discover strategies to get through the first year without going bankrupt.

Financial Fundamentals Before You Have a Baby

From a financial perspective, there's rarely a perfect time to have a child, but if parents examine their spending before getting pregnant, they'll get a better idea of how to handle new baby costs. Here are some basic steps to take before your baby arrives:

Make a Budget Does your budget have room for a baby? Now's the time to figure out how—and how much—you spend. Some things, such as car payments and utilities, will likely remain fixed after the baby, but others will probably change to reflect shifting priorities. Money spent on dining out, for example, may be channeled into diapers. Make a budget to see where you have wiggle room. You should look at common monthly expenses, such as credit cards , your car insurance and auto loan, and homeowners and renters insurance for cost-saving measures. You can budget spending with a prepaid , cash-back or a gas credit card ; refinance your current auto loan or estimate a new payment; discuss good driver discounts with your current car insurance company or shop around for new car insurance with lower premiums , or more affordable renters insurance or homeowners insurance for savings.

Check Your Insurance Does your insurance cover pregnancy costs? Thanks to the Affordable Care Act, Americans are entitled to get health insurance plans that provide essential health benefits —including maternity coverage. All plans obtained through the federal and state Marketplaces meet these standards, as well as most that are available through individual employers. But there are some exceptions: if you obtain your insurance privately, or have grandfathered into the ACA regulations with an existing plan, your benefits may differ. Families who need fertility treatments should also compare insurance plans to find the best benefits.

Look Into Maternity or Paternity Leave Some expecting parents work at companies with maternity and/or paternity leave policies that allow them to take extended time off. These leaves may be provided with pay, with partial pay or without pay. Factor in the amount of leave you expect to take, how much you're covered and what the impact will be on your budget.

Decide if You're Staying Home Child care is expensive, especially for newborns, and the costs can be steep for families where both parents work. Full-time child care can easily run $5,000—or more—per year, and although married families can get up to $3,000 or $6,000 back as an income tax credit , for some families it's not enough to offset the cost of outside care.

Although every family's costs will vary depending on whether they're covered by insurance—and to what extent—in general, it's important to expect some additional expenses during pregnancy. Medical expenses are perhaps the most expensive line item, but it's also important for pregnant women to budget for a healthy pregnancy diet, maternity clothing and other lifestyle changes.

Is Your Prenatal Care Covered?

The Affordable Care Act revamped the face of U.S. healthcare with a body of reforms that aimed to make affordable health care available to all Americans. Now, most prenatal care is free or low-cost through qualified insurance programs, and won't even require a copay, whether the insurance was purchased through the Health Insurance Marketplace or through an employer (as long as it is certified as a qualified health plan).

In addition, women don't need to worry that their pregnancies will be considered pre-existing conditions and disqualify them; they may receive coverage even if they're already pregnant. Finally, there are health plans that protect women even if they experience difficult—and expensive—pregnancies, prohibiting insurance plans from imposing a dollar limit on the total amount paid.

That said, the Trump administration and GOP have worked to cut back on ACA coverage, with potentially dire consequences for pregnant women. The ACA covered common, necessary procedures related to pregnancy (i.e. blood tests, gestational diabetes screenings, ultrasounds), but that may no longer be the case. Some predictions estimate that suggested cute would increase out-of-pocket expenses for prenatal care by 400 percent. Suffice it to say: Do your due diligence in reading the fine print of the health insurance programs available to you.

What Most Insurance Plans Cover (under the Affordable Care Act)

• Prenatal doctor visits
• Ultrasounds
• Screening for infections such as hepatitis B and syphilis
• Screenings for anemia
• Screenings for Rh (blood) incompatibility between mother and baby
• Counseling about genetic testing (and genetic screening, if appropriate)
• Tobacco use counseling
• Breastfeeding counseling and supplies

Does Your Income Qualify You for Medicaid or CHIP?

Low-income families may be eligible for coverage under the government-sponsored healthcare programs Medicaid or Children's Health Insurance Program (CHIP).

Medicaid includes prenatal care and delivery services to families with incomes of less than 133 percent of the federal poverty level . CHIP covers children whose families earn too much to get Medicaid, but too little to afford a Marketplace insurance plan. It covers regular checkups for children, and in many states may also be used to cover pregnant women.

For more information on these programs and other benefits for lower-income individuals and families, see our guide .

How Much Does Prenatal Care Cost Without Insurance?

For women who don't have insurance and don't qualify for Medicaid or CHIP, being pregnant can get very expensive. Even for a healthy pregnancy with no complications, families will be responsible for significant out-of-pocket expenses. There are some options for reducing your costs, however.

Not having to go through insurance saves doctors and hospitals time and money, so ask if there's a special rate for uninsured patients. It's often quite a bit less, especially if you pay with cash.

Pregnant women can join a discount program such as Ameriplan . Members pay a monthly fee to receive discounted services from certain healthcare providers. It's worth investigating these programs thoroughly; they could be worth their money, but aren't always.

Regardless of which combination of the above routes you take, there will still be some out-of-pocket costs. While they vary depending on the area and individual provider, a fair price for a fetal ultrasound, according to Healthcare Bluebook , is about $240. Amniocentesis, a prenatal genetic test, is listed at 242 . A vaginal delivery is listed at $11,755 and a c-section is listed at $13,541 .

Work with your doctor to determine what prenatal care is essential for the health of your baby and what elective care you can safely skip if cost is a concern. The Text4baby program , which sends free text reminders on everything from scheduling doctor visits to taking prenatal vitamins, can also help you keep track of your care.

How to Budget for Your Pregnancy Diet

Even women with healthy eating habits will probably have to tweak their diet when they become pregnant. Notably, it's recommended to completely avoid some foods and beverages such as alcohol —which has been linked to fetal alcohol syndrome— and some types of soft cheeses, raw fish and deli salads —which can harbor bacteria. The good news is that cutting out these items frees up money for other groceries.

One essential for pregnant women is prenatal vitamins. The Mayo Clinic recommends these to get concentrated levels of folic acid, which helps prevent brain and spinal cord defects, and iron, which helps the baby grow. The good news? Prenatal vitamins are fully covered by qualified health plans offered by employers and through the ACA Marketplace.

For some women and their partners, pregnancy comes with a big shift in dining habits and can mean added expense. It helps to create a weekly meal plan and budget, stick to buying what's on the list, and buy things in bulk or on sale.

For people who cannot afford to regularly buy essentials, other options exist. Local food pantries can be found by calling the USDA hotline at (866) 348-6479. Another option is WIC, a supplemental nutrition program for women, infants and children. WIC provides some basics—such as eggs, produce, tuna, beans, bread, cereal and peanut butter — free to eligible women who do not meet minimum income thresholds; this online tool allows you to see if you qualify.

THE 5 BEST FOODS FOR PREGNANT WOMEN

Not sure which healthy foods will give you the most bang for your buck? Dr. Kacey Durant shares some of the top foods for mom and baby to stick in your cart when you hit the grocery aisles:

Greek Yogurt

Dark, Leafy Green Vegetables

Citrus Fruit

Managing Other Pregnancy Costs

For nine months, expectant mothers will experience rapid changes—both physically and emotionally—and they might run into some unexpected costs as their bumps grow. Here's what to expect.

You're eating for two, and that means dressing for two. Even women who live in yoga pants will find the elastic stretching out in the later months. Maternity clothes can be expensive, but there are also plenty of gently-used, secondhand items available for much less at consignment stores or on sites like Craigslist. Keep in mind that you won't need an extensive wardrobe: it's only for a few months, so you're unlikely to wear out your clothes that fast. Choosing clothes that will pull double duty—like an adjustable wrap dress that can be worn during pregnancy and after you give birth—can help you stretch your budget. A few tricks can also help you stay in your pre-pregnancy clothes for a little longer. Try using bra extenders that snap onto the clasp of your regular bra as your breasts expand. And a rubber band placed through the buttonhole and attached to the button of your regular jeans can help them fit over a growing belly.

There's no question pregnancy can be uncomfortable. Many women counteract the effects of carrying extra weight by using belly support bands and compression socks (both available for less than $20). A one-time outlay of about $60 for a body pillow helps relieve pressure on the stomach and back while you're sleeping, but you may be able to arrange regular pillows to do the same job.

Staying fit when you're expecting is an important part of pregnancy, but you don't have to break the bank to keep moving. Many prenatal yoga or other fitness classes are offered at nominal cost through community centers. For an even more budget-friendly fitness fix, try inexpensive prenatal fitness DVDs (you can also buy them used or check them out from the library), free videos online, or even a simple walk around the block. Just remember to check with your doctor before you start any exercise plan during pregnancy.

Managing Pregnancy Symptoms

Just when you want to be as healthy as possible for your baby, pregnancy brings a host of aches and pains, from headaches to heartburn to hemorrhoids. Fortunately, over-the-counter remedies—provided your doctor approves them—are typically not too expensive, and for the budget-minded, it's possible to use coupons or find generic brands that cost less. For morning sickness, it's also cheap and easy to sip hot water with ginger steeped in it, or nosh on a pack of saltines to settle your stomach. And if your skin is itchy and uncomfortable as it stretches, skip the expensive creams and rub in a little olive oil from your pantry instead.

Many women want more information and support as they move through pregnancy and get ready to deliver. Courses such as Lamaze, which prepare mothers for the birth process, are available through many hospitals for a reasonable price, and some hospitals offer free childbirth classes. One-on-one help through a doula, a trained pregnancy coach, can run $800 or more, but may be worth it for women who want personalized support. Many articles, videos and support groups are also available for free online.

Getting Pregnant: The Cost of Fertility Treatments

Some people conceive quickly and easily, but for others the journey is longer and costlier. According to WomensHealth.gov , around 10 percent of women of childbearing age have difficulties getting—and staying—pregnant. Medical remedies may help, but they can be expensive. Discover what costs to expect, as well as some doctor-recommended fertility tips.

How Much Do Fertility Treatments Cost?

If you're under age 35 and have been trying for over a year to get pregnant, or if you're over 35 and have been trying for at least six months with no luck, your doctor may recommend seeking fertility treatment. With good insurance, these treatments can be quite affordable, but few states require insurers to cover infertility. Even then, coverage can be quite different: some states exclude in vitro fertilization (IVF), for example, while others only include it. That leaves many people paying out-of-pocket for treatment and then trying to offset the costs through tax deductions.

There are several strategies to increase fertility, depending on what's causing the problem. Medications are among the least expensive options, while IVF can run tens of thousands of dollars. In addition, surgery may be required to correct problems affecting fertility, with costs varying according to the type and complexity of the surgery. Surrogacy is another option, but it's one of the most difficult to gauge costs for and is rarely covered through insurance.

Depending on test results, doctors typically encourage families to try less-invasive options first. In addition, although the ACA guarantees maternity coverage, infertility treatments are not considered essential health benefits.

The Average Cost of Fertility Treatments

Source: National Institutes of Health

Cheap Ways to Boost Your Fertility

Some couples can increase their odds of getting pregnant and decrease the time they spend trying to conceive without fertility treatments. Here are some proven methods to try first, recommended by Dr. Durant:

Even with a well-attended baby shower with generous family and friends, parents will likely still need to pony up for many of the big-ticket items - like a stroller and a car seat - and the easily-overlooked small stuff like teethers, pacifiers, and nail clippers. And prices can be all over the map. Your basic stroller can range from under $100 to over $1,000, depending on how many bells and whistles you're looking for. And cribs range from under $100 for a no-frills model to over $2,000 for a luxury pick.

The little things add up, too. Expect disposable diapers to run almost $1,000 for the first year, and tack on another $700 for clothes. And don't forget college. The baby's little now, but high school graduation will arrive sooner than you can imagine. Budget $600 to start building that nest egg now.

Your individual costs will vary depending on where you live, the type of childcare you use - if any - and other factors like whether you breastfeed or formula-feed your child, but all in, according to the USDA, a two-parent household with an annual income between $61,000 and $106,000 can expect to pay more than $16,000 for their baby's first year for housing, food, healthcare, childcare and other expenses.

You can use the USDA calculator to get a more personalized cost estimate for your circumstances. Or try this calculator at BabyCenter.com , which provides an estimated baby budget and allows you to alter the figures.

6 Tips to Save on Baby Costs

Even though babies are expensive, there are dozens of cost-saving measures for budget-conscious parents. Give these a try:

Buy Secondhand

There are plenty of deals to be found through resources like Craigslist, Freecycle and Just Between Friends. Certain items, however, are too important to skimp on. Cribs, car seats and strollers should always be bought new. And don't forget to make sure your new-to-you items aren't listed on the CPSC recall list before you use them.

Take Advantage of Social Programs

Children's healthcare was an ACA priority, which is why well-child checkups and vaccinations are covered (without a significant copay). If insurance isn't an option or if coverage changes, you may qualify for Medicaid or CHIP .

Make Parent Friends

Chances are, you know someone with a baby bathtub or wipe warmer gathering dust in their garage. Friends are usually happy to pass on things they no longer use.

Don't Overdo It

You probably don't need much to entertain your baby during the first year. Avoid buying things that have only one purpose, or where a less expensive item will do the trick. To a baby, measuring cups or wooden spoons are just as interesting as pricey toys—just be sure there's no choking risk or other safety hazard.

Do It Yourself

When your baby moves on to solid food, it's easy to find yourself buried in tiny—and expensive—jars of store-bought food. But making your own pureed peas and carrots is extremely easy, and much cheaper.

Use Alternative Childcare

Parents with flexible work schedules can trade days to watch each other's children, saving on child care costs while letting their children socialize. Family members are another good resource, since they often welcome time with their new relatives and may not charge as much—if any. Plus, the tax credit for child care still applies if that money went to extended family members who watched the child during working hours.

What Type of Maternity or Paternity Leave Can You Take?

Many countries require employers to give paid leave, but there isn't a strong culture of maternity or paternity leave in the U.S. However, coverage is growing, especially among larger companies that offer expanded benefits packages to attract good employees. As of 2019, 16 percent of private sector workers had access to paid family leave , and some states have regulated maternity and paternity leave.

Workers may be able to use other types of leave, however. Here's a look at what's available:

Types of Available Leave

Short-term disability Short-term disability insurance is offered by some employers as part of a benefits package, but also may be purchased by individuals. After delivering, it pays a percentage of the mother's wages to allow her to take several weeks off work. However, short-term disability cannot be used by fathers.

FMLA The Family and Medical Leave Act (FMLA) mandates that employers provide new mothers and fathers with 12 weeks of leave after the birth of a child and still keep their jobs and insurance coverage. It's important to note, however, that the only requirement is to provide leave—not to pay for it. Individual companies decide their own policies about whether to provide full or partial pay to employees on leave. In addition, there are significant exceptions that may make employees ineligible for this option. More information is available from the U.S. Department of Labor .

Personal leave Many parents-to-be save up sick leave and vacation days so they can still get paid when they take time off during pregnancy and after a birth. In many cases, personal leave may need to be used up before FMLA can kick in.

Employer-sponsored leave Any leave granted by an employer as part of a benefits package counts toward FMLA time. For example, if an employer grants 12 weeks of paid leave, an employee cannot use both this time and then additional FMLA unpaid leave. Some employers, however, provide leave beyond 12 weeks.

With a basic understanding of the types of leave available, the next step is to look at your own individual situation and determine how to maximize the benefits you qualify for.

Action Plan: How to Determine Your Maternity Coverage

Total up your available personal leave.

Typically, you'll be required to use this up before moving on to other types of leave, although some employers are more flexible.

Visit the Department of Labor website

http://www.dol.gov/ There, you'll be able to determine the short-term disability benefits in your state and find out more about FMLA.

Talk with your HR department

As soon as you're comfortable sharing your pregnancy, visit HR to review your benefits package and get a clear handle on what's available to you—and how much it covers.

Make a schedule with your employer

The more advance notice employers have about an employee's pregnancy and postpartum plans, the more flexibility there is with scheduling. For example, FMLA doesn't have to be used consecutively, meaning parents could split it up between pregnancy and the first year after delivery.

Baby Costs Calculator Make a personalized budget for first-year baby costs with this calculator from BabyCenter.com.

FoodSafety.gov's Checklist of Foods to Avoid During Pregnancy Learn what not to eat when you're expecting—and find safe alternatives to replace them.

MommyMeds Get information on what over-the-counter drugs can affect pregnancy. This site, which features info gathered from the InfantRisk Center at Texas Tech University, also offers a smartphone app that gives the lowdown on how safe each medication is for your unborn baby.

MoneyGeek's "A Saver's Guide to Eating and Living Well" Enjoy the high life while keeping expenses low. We've got you covered with budget hacks.

RESOLVE: The National Infertility Association Learn more about fertility problems and find free support programs from this non-profit organization dedicated to helping families living with infertility.

Speak to an Expert at smokefree.gov It's vital that fetuses not be exposed to cigarette smoke. Get help quitting via instant messaging or phone at this site.

Women, Infants, and Children (WIC) Low-income pregnant, breastfeeding and postpartum women and babies and children up to age 5 who are at nutritional risk can get nutrition information, supplemental food and health care referrals through WIC.

About Jeff Benson

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What It Costs to Have a Baby

The expenses you’ll face when you have your first baby, and tips for spending wisely on your newborn.

If you're thinking about having a baby , you're probably thinking of the joy of holding your newborn in your arms -- not the financial costs.

But sooner or later, you run into the expenses involved with a pregnancy. And although the experience of becoming a parent is priceless, you'll also want to make sure your money is well spent.

From the price of diapers to the going rate for a cesarean section, here's the bottom line on what it costs to have a baby, as well as how to save wisely on those costs.

The Price of a Healthy Pregnancy

It's easy to get excited about buying baby supplies. But your top priority for pregnancy spending should be on health -- of mother and baby.

"Early and continuous prenatal care is essential both before and throughout your pregnancy to help ensure a healthy delivery and healthy baby," says Jeanne Conry, MD, an obstetrician with Kaiser Permanente in Sacramento, CA.

If you have health insurance, prenatal visits and any diagnostic tests (such as ultrasounds) will likely be covered. They are generally considered "preventive" care.

If you don't have health insurance , the average cost of prenatal care is about $2,000.

One of the most important parts of prenatal care is a prenatal vitamin. You need one that contains at least 400 micrograms (mcg) of folic acid to help prevent neural tube birth defects.

This is one cost you should start paying even before you get pregnant . About half of all pregnancies are surprises. So all women of childbearing age should take a multivitamin that contains folic acid, Conry says.

For an over-the-counter option, the cost ranges from $10 to $20. If it's prescribed by your doctor and covered by your insurance you'll pay whatever the co-pay price is. Either way, this could be one of the most important pregnancy investments you make.

Preparing for Baby

Shopping for a newborn baby can be overwhelming. You don't want to go overboard on expensive baby luxuries that aren't must-haves.

"There are thousands of baby products on the market for new moms to consider, but frankly speaking, most are nice-to-haves," says Lori Hill, a certified doula in Williamsburg, VA.

You should first focus on what you and your baby must have, she says. Then figure out how much you have left over to spend on accessories.

Some basic supplies to consider buying include:

• Diapers and wipes
• Changing table
• A few baby clothes to get you started
• Baby monitor

A thrifty parent can buy these for about $450 by shopping for bargains.

But don't sacrifice safety to save a buck, especially on the car seat and crib. The American Academy of Pediatrics recommends that you avoid older, used car seats to get maximum protection for your child. Use cribs certified by the Juvenile Products Manufacturers Association (JPMA).

You can save money on diapers and wipes by buying in bulk. A 250-pack of diapers usually costs about $40.

You can also save money by using cloth diapers. Wipes can also be substituted for washcloths, saving you about $10-$15 for a box of almost 400, which typically lasts a few weeks for one child.

Baby clothes are like maternity clothes . You can spend a lot of money or you can save by asking around for gently worn hand-me-downs. Babies outgrow their outfits fast, so this is a great way to trim your budget.

Another important cost when you are getting ready for your baby's arrival is childbirth education, Hill says. Classes range in price from about $50 to $200. They can help you learn how to deal with the trials of pregnancy and childbirth. And the classes can also teach you how to survive the first few weeks with a newborn .

Hospital Expenses

The cost of having a baby can really add up at the hospital. You should make sure you are well-prepared financially for this part of pregnancy, especially if you don't have health insurance .

The costs of childbirth can be steep. The charge for an uncomplicated cesarean section was about $15,800 in 2008. An uncomplicated vaginal birth cost about $9,600, government data show.

Women who have individual health insurance policies often find that maternity care coverage is completely excluded, says Carol Sakala, PhD, director of programs at the nonprofit Childbirth Connection.

Medicaid or group private insurance plans , however, cover almost all pregnancy-related health care costs.

"It's important to be aware that these numbers reflect the amount a hospital will charge for these services, rather than the actual cost," says Anne Elixhauser, PhD, senior research scientist at the Agency for Healthcare Research and Quality. "The actual amount of what it costs the hospital to perform the service is about 30% of what's charged."

For someone facing out-of-pocket costs, this is an important negotiating tool.

"Ask and negotiate with a hospital to pay a discounted rate," Sakala says. "Since what is being charged is significantly higher than the actual cost, you have some room to potentially save."

The Bottom Line

Here's a cheat sheet of some of the approximate costs -- or ranges, depending on your insurance situation -- you'll face when you decide it's time to have a baby:

• Prenatal care: $0-$2,000
• Prenatal vitamin: $15 for a 30-day supply
• Maternity clothes: Free, if shared
• Wipes: $10 for a box of 400
• Diapers: $40 for a box of 250
• Monitor: $25
• Changing table and pad: $125
• Baby clothes: Free, if shared
• Car seat: $125
• Childbirth classes : $50-$200 per class
• Hospital costs: $0-$15,000

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What Are the Average Costs of Raising a Baby?

From Diaper Costs to Monthly Budgeting and College Savings

One-Time Expenses in the Baby’s First Year

• Ongoing Costs

Ongoing Expenses Through Childhood

One-time expenses later in life, how to reduce the costs of raising a baby.

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Have you been wondering if you can afford to have a kid? Raising children can be a priceless experience, but it does come with significant costs. As a new parent, you’ll face many expenses, from supplies such as bottles and diapers to equipment like a stroller and car seat.

Learn what you can expect for costs in the baby’s first year, along with the average costs of raising a child.

Key Takeaways

• Major costs in a baby’s first year include hospital bills for child delivery or adoption fees, and equipment for a nursery.
• Ongoing costs include food, diapers, child care, and perhaps savings contributions for a college plan.
• It costs an average of more than $16,000 per year to raise a child in 2021, according to U.S. Bureau of Labor statistics (adjusted for inflation).

When you are welcoming your first baby, there are many unknowns. Among other concerns, you may be wondering what you need to buy and ultimately what it will cost to become a parent .

The average annual costs for raising a child vary considerably depending on the child’s age as well as your household income. Households with higher incomes tend to spend much more.

Here are the main costs you should be aware of as potential additional expenses for the first year.

Nursery and Home Setup 

Preparing for a baby involves setting up a space and getting all the things you’ll need. Here’s a checklist of some items babies may need, with their price estimates:

Getting everything set up can easily cost a couple thousand dollars, depending on how you shop. Keep in mind that not all of these items are necessary. For example, an electric breast pump can be substituted for a much more affordable manual one. You may not even need a breast pump if you are using formula. 

You might find secondhand items at lower prices. You may also get many of these items for free from friends or family who no longer need them, or you could receive them as gifts.

If you have a larger budget, you can find higher-end, designer items at higher prices. Many luxury baby items are well out of the average ranges stated above.

Baby Arrival Costs

If you are biological parents facing childbirth, the actual childbirth can carry significant costs in terms of hospital bills. According to 2016-2017 data collected by Fair Health Consumer, the national average cost for a vaginal child delivery was $12,290, while a C-section was $16,907.

Prices you will pay vary widely depending on where you deliver the baby, your insurance coverage, and the specific services you receive.

To get the most accurate estimate for your specific situation, consult with your doctor, the hospital where you will deliver, and your health insurance provider. You can also estimate the cost of a childbirth procedure by using reputable online tools, like the one from Fair Health . For example, a natural birth in Boise, Idaho, is estimated to cost $7,149, and insurance will pay an estimated $3,684 when your doctor is in-network.

Adoptive parents will usually face significant costs for the adoption process. These costs vary widely, depending on whether the process is for an independent adoption or through an agency, for example. Adoption costs for international children can range from $5,000 to $40,000, while the cost of adopting a child in foster care is usually little to nothing.

The Family and Medical Leave Act (FMLA) enables qualifying employees to take up to 12 weeks off from work for the birth and care of a newborn child. Under this law, you are guaranteed your job and group health benefits when you return after the 12-week period.

However, if your company doesn’t provide paid leave or if you don’t have paid time off (PTO), you could suffer a loss of income. The exact loss of income depends on your earnings.

Supplemental insurance plans can cover your pay during family leave as well as helping with hospital costs.

Ongoing Costs 

Once your baby is home with you, it will be a whirlwind of learning, excitement, and probably a bit of exhaustion—as well as more costs. Other ongoing costs you can expect include:

• Food : The USDA estimates that the cost to feed a child in the first year, using a moderate-cost plan, is $150.80 per month or about $1,810 per year. ​​This will likely be less if you are nursing.
• Diapers : According to the National Diaper Bank Network, infants need up to 12 diapers per day, which costs about $75 per month, or $900 for the first year.
• Clothing : Babies quickly grow out of their little onesies. In the first year, you’ll likely go through several sizes, which means you’ll be buying new clothes. On average, new parents spend about $50 per month in the first year on clothes for their growing babies. However, that amount could be much more depending on your tastes and budget.
• Health care: The baby must have regular checkups in their first year, so ensure they are covered on your health insurance plan. Copays often range from $10 to $30. However, without insurance, seven visits in the first year can add up to $668 on average.
• Child care : Do you need to enlist the help of a nanny or child care facility ? According to a study by the Center for American Progress, infant child care at a child care center costs $1,230 per month on average. Due to the hands-on care required, child care for infants is more expensive than care for toddlers and older children. The national average cost of a nanny in 2021 is about $15.30 per hour, or $612 per week and $2,448 per month.
• Toys/books/media : You may want to invest in ways to keep your child stimulated. The costs for these vary widely, depending on your preferences and budget.

After the first year, many of the same costs will continue—plus a few more. According to the latest USDA data from 2015, the average cost to raise a child from birth to age 17 was $233,610 — the equivalent of about $272,890 in 2021 (factoring in inflation). That breaks down to about $16,058 per year on expenses that include housing, food, transportation, clothing, health care, child care, education, and miscellaneous purchases.

When you become a parent, you may want to consider life insurance policies. This way, if anything happens to you or your spouse, your child will have financial resources to cover their ongoing needs.

Along with all the expenses involved with everyday child-rearing, there are a few other expenses you may face that require large amounts of money. For example, buying a car for your child or helping them pay for college . While you won’t face these kinds of expenses until their late teen years or later, you can start saving early so things will be easier to afford.

When saving for college, a tax-advantaged investment account such as a 529 plan can help you put away money tax-free. Later, you can use that money for all college-related expenses.

Your budget is going to change with the addition of a new bundle of joy. To try to reduce the costs, you can:

• Review your health insurance plan : Speak with a health insurance agent who can ensure you have coverage for pregnancy and possibly postpartum care. Review your costs and look into minimizing them.
• Register for baby shower gifts : Register for the items you need before your baby shower so friends and family can help to cover the one-time expenses.
• Shop secondhand : Look for secondhand items from friends and family, at yard sales, on Facebook Marketplace, etc. Babies grow through stages very quickly so you can often find lightly-used items at steep discounts.
• Consider child care alternatives: Child care is one of the most expensive costs so if you can reduce the amount of child care you need, you can save quite a bit. For example, it may make sense for one parent to stop working or work from home, or family members may be able to help with babysitting at a lower cost.
• Get your child tax credits : Ensure you get child tax credits you are entitled to. The new credit offers up to $3,600 for children under 6 and $3,000 for those ages 6 to 17.
• Budget your meals : Food can eat up a big part of the budget, but you can save by meal planning, shopping at discount grocery stores, and limiting meals out.
• Shop discount clothing stores : As your baby grows, consider shopping for the clothing items they need at discount stores where you can find brand names at a lower prices.
• Save on taxes : Make use of tax-advantaged savings accounts such as the 529 plan and Roth IRA.

U.S. Department of Agriculture. " Expenditures of Families on Children: 2015 ."

Amazon. Items searched under " Baby ."

Babycenter. " First Year Baby Costs Calculator ." Accessed Aug. 18, 2021.

Fair Health. " Royal Birth Spotlights U.S. Childbirth Costs ."

Adopt Us Kids. " What is the Cost of Adoption from Foster Care? "

U.S. Department of Labor. " Family and Medical Leave (FMLA) ."

USDA. " Official USDA Food Plans: Cost of Food at Home at Four Levels, U.S. Average, May 2020 ."

New York Life. " Here's a Monthly Breakdown of Some of Your Child's Biggest Expenses ."

CostHelper. " How Much Does a Well Baby Doctor Visit Cost? "

Center for American Progress. " Understanding the True Cost of Child Care for Infants and Toddlers ."

Care.com. " How Much Does a Nanny Cost? "

Bureau of Labor Statistics. " CPI Inflation Calculator ."

Center on Budget and Policy Priorities. " House COVID Relief Bill Includes Critical Expansions of Child Tax Credit and EITC ."

Mastering the Art of Baby Formula Budgeting: A Comprehensive Guide

Sep 1, 2023

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Bringing a new baby into your life is a joyous occasion, but it’s also a significant financial responsibility. One of the essential aspects of ensuring your baby’s health and well-being is providing them with proper nutrition, and for many parents, this means relying on baby formula. However, the cost of formula can quickly add up, leaving parents searching for effective budgeting strategies to navigate this crucial expense.

In our comprehensive guide about budgeting for baby formula, we’ll walk you through the ins and outs of managing your finances while ensuring your little one receives the nutrition they need. From understanding the different formula options to discovering cost-saving tactics and preparing for transitions, we’ve got you covered. So, let’s embark on this financial journey together, ensuring your baby and bank account thrive.

Understanding Baby Formula Costs

New parents often find themselves navigating a complex web of financial responsibilities that come with child care costs. From hospital bills to baby gear and childcare expenses, it’s easy to feel overwhelmed by the costs associated with raising an infant. One significant expense many new parents grapple with is the cost of baby formula. In this column, we’ll break down the various aspects of baby formula costs to help you better manage your budget and make informed choices.

Types of Baby Formula Available

Baby formula comes in several forms, each with its own price point:

1. Powdered Formula: This is the most cost-effective option, as it requires mixing with water. It’s convenient for both home and on-the-go feeding.

2. Liquid Concentrate Formula: This type of formula is partially pre-mixed but requires further dilution with water. It’s a bit more expensive than powdered formula but offers some convenience.

3. Ready-to-Feed Formula: Ready-to-feed formula is the most convenient but also the priciest option. It’s pre-mixed and requires no additional preparation.

Cost Variations Among Different Formula Brands

Baby formula cost can vary significantly depending on the brand and type you choose. Brand name formulas tend to be more expensive than generic ones, but comparing ingredients and nutritional value is essential to make an informed decision. Some infants may have specific dietary needs that necessitate a particular brand or type, but for many, generic formulas offer a cost-effective solution without sacrificing quality.

Daily and Monthly Consumption Estimates

To budget effectively, you need to estimate how much formula your baby will consume. On average, newborns drink about 2-3 ounces of formula every 2-3 hours. As your baby grows, their intake will increase. Here’s a rough breakdown:

• Newborns: 24-32 ounces per day
• 1-2 months: 32-36 ounces per day
• 3-5 months: 32-40 ounces per day
• 6+ months: 24-32 ounces per day

Based on these estimates, you can calculate your monthly formula expenses. Remember that these are rough figures, and individual babies’ needs can vary. Keeping a record of your baby’s actual consumption will help you fine-tune your budget.

Setting a Realistic Budget

Welcoming a new baby into your family is undoubtedly an exciting and joyous occasion. However, along with the joy comes a whole new set of financial responsibilities. One of the most significant expenses new parents face is the baby formula cost. Setting a realistic budget is essential to ensure that you can provide your baby with the nourishment they need while maintaining financial stability. Here, we’ll delve into the steps to create a practical baby formula budget.

Assessing Your Current Financial Situation

Before diving into saving your money for baby formula costs, take a close look at your current financial situation. Consider factors such as your household income, existing expenses, and any outstanding debts. Evaluate your financial priorities, including saving for emergencies, retirement, and your child’s future. This assessment will give you a clear picture of how much money you have available to allocate to baby-related expenses.

Determining How Much You Can Allocate to Baby Formula

Once you’ve assessed your finances, determine how much you can comfortably allocate to baby formula. Keep in mind that formula feeding is just one part of your child care costs, which also includes expenses like diapers, baby clothes, health insurance, and childcare costs. To calculate a realistic formula budget, subtract all these other costs from your total available funds.

Consider factors such as whether you have a single or dual-income household, as this can significantly impact your budgeting capacity. If one parent will be staying at home or reducing work hours to care for the baby, account for the change in income when setting your budget.

Creating a Dedicated Baby Formula Budget

With a clear understanding of your financial situation and how much you can allocate to baby formula, it’s time to create a dedicated budget. Here are some steps to consider:

1. Allocate a specific amount: Based on your calculations, allocate a specific monthly budget for baby formula. Be realistic about your baby’s expected consumption and the cost of the formula type you plan to use.

2. Track expenses: Keep a close eye on your actual formula expenses. This will help you stay on track and make adjustments if necessary. Use mobile apps or spreadsheets to monitor your spending.

3. Plan for unexpected expenses: Remember that unexpected expenses can arise at any time. Building an emergency fund like health insurance to cover these surprises is crucial. It will prevent you from dipping into your baby formula budget when unexpected costs occur.

4. Review and adjust: As your baby grows and their needs change, revisit your budget regularly. You may need to adjust your formula budget as your baby starts consuming more or transitions to solid foods.

Exploring Cost-Saving Strategies

Raising a child can be one of life’s most rewarding experiences, but it also comes with significant financial responsibilities. Infant formula is one of the major expenses for many parents. However, there are several cost-saving strategies that can help you provide for your little one’s nutritional needs while staying within your budget. Let’s explore some effective ways to save on baby formula costs.

Generic vs. Name-Brand Formulas

Besides using hand-me-downs, One of the most straightforward ways to save on formula costs is to opt for generic brands rather than name-brand formulas. In most cases, generic formulas contain the same essential nutrients as their more expensive counterparts. Before making the switch, consult your pediatrician to ensure the generic formula you choose meets your baby’s specific dietary needs.

Buying in Bulk

Buying baby formula in bulk can lead to significant savings over time. Look for bulk-sized containers or multipacks at warehouse stores or through online retailers. Keep in mind that besides giving your baby breast milk, the formula’s shelf life and your baby’s consumption rate to ensure that buying in bulk is cost-effective.

Subscribing to Formula Delivery Services

Many formula manufacturers offer subscription services that can save you both time and money. By subscribing, you can have formula delivered regularly to your doorstep, often at a reduced cost compared to buying it in stores. Additionally, these subscriptions can provide convenience, ensuring you never run out of formula unexpectedly.

Utilizing Coupons and Discounts

Keep an eye out for coupons, discounts, and promotional offers from both formula manufacturers and retailers. Many stores provide loyalty cards that offer exclusive discounts on baby products. Don’t forget to check online coupon websites and manufacturer websites for printable coupons and special promotions.

Participating in Loyalty Programs

Several formula manufacturers offer loyalty programs that reward you for your continued purchases. These programs may provide cashback, discounts on future purchases, or even free formula after accumulating points. Joining such programs can lead to long-term savings on your formula expenses.

Planning for Formula Transition

As your baby grows and develops, so do their nutritional needs. One of the key milestones in a baby’s dietary journey is the transition from exclusive formula feeding to incorporating solid foods. This transition not only impacts your baby’s diet but also has financial implications. In this column, we’ll explore how to plan for this important phase, manage formula expenses during the transition, and adapt your budget accordingly.

Introducing Solid Foods and Reducing Formula Consumption

Around the age of six months, most babies are ready to start exploring solid foods alongside their formula or breast milk. This transition typically begins with single-ingredient purees, and over time, you’ll gradually introduce a variety of foods to provide a well-rounded diet.

As your baby starts consuming solid foods, you’ll naturally reduce their formula intake. This is a gradual process, and it’s essential to follow your pediatrician’s guidance to ensure your baby’s nutritional needs are met during this transition.

Calculating Formula Expenses During the Transition Phase

During the transition to solid foods, you’ll still need to provide some formula to supplement your baby’s die t. To calculate your formula expenses during this phase, consider the following:

1. Determine the remaining formula needs: Calculate the number of ounces of formula your baby will consume daily during the transition phase. This will depend on their age and dietary progress.

2. Estimate formula costs: Multiply the daily consumption by the cost per ounce of formula to calculate your daily formula expenses.

3. Monthly formula budget: Multiply the daily cost by the number of days in a month to determine your monthly formula budget.

Adapting the Budget Accordingly

As you introduce solid foods and reduce formula consumption, you’ll likely see a decrease in your formula expenses. This is a perfect time to adapt your budget to reflect this change. Here’s how:

1. Reallocate funds: Consider reallocating the money you were previously spending on formula to cover the costs of solid foods and any related feeding equipment, such as highchairs or baby utensils.

2. Update your budget: Review your overall baby budget and make necessary adjustments to accommodate the changes in expenses. Be sure to include the costs of purchasing and preparing solid foods.

3. Monitor spending: Keep a close eye on your actual expenses as you transition to solid foods. This will help you fine-tune your budget and ensure that you are allocating enough money for your baby’s evolving dietary needs.

Emergency Funds and Contingency Planning

Becoming a parent is a joyous and transformative experience, but it also comes with increased financial responsibilities. From baby gear and medical bills to ongoing childcare costs, your expenses can quickly add up. To navigate this new chapter in your life successfully, it’s essential to have a solid financial plan in place. One crucial aspect of this plan is establishing an emergency fund and contingency planning. Let’s delve into why these are vital and how to go about them.

The Importance of Having an Emergency Fund

An emergency fund is a financial safety net that can provide peace of mind during unexpected situations. It’s especially crucial for new parents, as babies come with a host of unforeseen circumstances. Here’s why having an emergency fund is essential:

1. Unexpected Medical Expenses: Even with health insurance, you may encounter out-of-pocket medical costs related to childbirth, pediatrician visits, or unforeseen health issues.

2. Job Loss or Reduced Income: The transition to parenthood can sometimes lead to changes in your employment situation. Having savings can help you cover essential expenses during such times.

3. Home and Car Repairs: Babies require a safe and functional living space. An emergency fund can help cover unexpected home repairs or car maintenance.

4. Childcare Emergencies: If your regular childcare provider is unavailable, you may need to pay for backup childcare services, which can be costly.

How to Build an Emergency Fund

Building an emergency fund takes time and discipline, but it’s a crucial financial goal for new parents. Here’s how to get started:

1. Set a Goal: Determine how much you want to save in your emergency fund. Many financial advisors recommend having at least three to six months’ worth of living expenses.

2. Automate Savings: Set up an automatic transfer from your checking account to a dedicated savings account each month. Treat your savings like a non-negotiable monthly expense.

3. Reduce Non-Essential Spending: Cut back on discretionary spending, like dining out or subscription services, to free up more money for your emergency fund.

4. Use Windfalls: Put any unexpected windfalls, like tax refunds or work bonuses, directly into your emergency fund.

Contingency Planning for Baby Expenses

In addition to an emergency fund, contingency planning specifically for baby-related expenses is essential. Here’s how to approach it:

1. Review Your Insurance: Ensure you have adequate health insurance coverage for both you and your baby. Familiarize yourself with your policy’s coverage and any deductibles or co-pays.

2. Create a Baby Budget: Develop a detailed budget that outlines your baby-related expenses, including diapers, formula, clothing, and childcare costs. Having a clear picture of these costs will help you plan for them.

3. Regularly Update Your Budget: As your baby grows and their needs change, revisit and adjust your budget accordingly.

4. Stay Informed: Research available resources, such as government assistance programs or community support, in case you ever need additional help.

Tracking and Adjusting Your Budget

Managing your finances as a new parent is like navigating uncharted waters. With the arrival of your baby, your financial landscape undergoes significant changes, including the addition of new expenses like baby formula. To stay in control of your finances and ensure you’re meeting your family’s needs, it’s crucial to track and adjust your budget regularly. Here’s how to do it effectively.

Keeping a Record of Formula Expenses

Start by keeping a detailed record of your formula expenses. Every time you purchase formula, record the date, the type of formula, the quantity purchased, and the cost. This record will give you a clear picture of how much you’re spending on formula each month.

In addition to formula, make sure to track other baby-related expenses, such as diapers, baby clothes, and healthcare costs. This comprehensive record will help you understand your overall baby budget.

Regularly Reviewing and Adjusting the Budget

Your budget isn’t a static document; it should evolve to reflect changes in your financial situation. Schedule regular budget reviews, ideally monthly or at least quarterly. During these reviews:

1. Compare actual spending to your budget: Analyze your spending over the past period and compare it to what you had planned. This will reveal any discrepancies and help you identify areas where you might be overspending or, conversely, where you can allocate more funds.

2. Assess your financial goals: Review your long-term financial goals, such as saving for your child’s education or building an emergency fund. Are you making progress? Do you need to adjust your contributions to meet these goals?

3. Consider life changes: Life changes, such as a new job, salary adjustments, or changes in family size, can impact your budget. Take these into account and adjust your budget accordingly.

Staying Flexible with Financial Planning

Flexibility is a key element of successful financial planning, especially when you have a growing family. Here are some tips for staying flexible:

1. Emergency Fund: Having an emergency fund can provide a financial cushion when unexpected expenses arise, allowing you to adjust your budget without major disruptions.

2. Prioritize Needs Over Wants: In times of financial uncertainty, focus on covering your family’s essential needs before discretionary spending on wants.

3. Explore Ways to Save: Continuously look for opportunities to save money, whether it’s by buying in bulk, using coupons, or finding cost-effective alternatives.

4. Seek Professional Advice: If you’re struggling to manage your budget, consider consulting a financial advisor. They can provide guidance and help you create a plan that aligns with your financial goals.

In the journey of parenthood, mastering the art of baby formula budgeting is a crucial skill. Your child’s nutrition is non-negotiable, but it doesn’t have to break the bank. By understanding the types of formulas available, adopting cost-saving strategies, setting realistic budgets, planning for transitions, and staying adaptable, you can provide your baby with the care they need while safeguarding your financial well-being. Parenthood is a profound experience, and with careful budgeting, you can ensure that the joy and love you share with your little one are supported by sound financial foundations.

Did this article help you? Please leave a comment below. If you have any questions don’t hesitate to ask.

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Baby Cost Calculator for the First Year (Interactive)

The first years of your new baby’s life can get incredibly expensive. Our first year Baby Cost Calculator helps you build a budget for your new baby by estimating both ongoing and one-time expenses.

Our calculator takes a look at just about everything you’ll need to consider and plan for with your new baby. We’ll cover baby expenses associated with the following categories:

• Delivery Cost: Delivering the baby at a hospital or in a home setting.
• Ongoing Costs: Caring for the baby’s daily or reoccurring needs such as diapers and feeding.
• One-Time Costs: Necessary baby gear for everyday life such as cribs, bottles, bathtubs, and strollers.

We’ll guide you through each of these sections to help you figure out the estimated cost of having a baby. Once you’re done providing your inputs, we’ll create a new Baby Budget for your little one and give you the option to email a copy to yourself!

Our mission is to help future and new parents be financially ready for the first year of your baby’s life.

Baby Cost Calculator

Step 1 of 4 – basic info, let’s start with some basics.

• Yes, I will be paying for childcare
• No, I do not need childcare
• Not sure, but let’s assume I will be for now

BABY DELIVERY COST

• Hospital or Birth Center Delivery
• Home Delivery
• Vaginal with Insurance – Low ($5,230)
• Vaginal with Insurance – Average ($7,700)
• Vaginal with Insurance – High ($10,171)
• C-Section with Insurance – Low ($8,221)
• C-Section with Insurance – Average ($11,230)
• C-Section with Insurance – High ($14,239)
• Vaginal with No Insurance – Low ($9,516)
• Vaginal with No Insurance – Average ($13,702)
• Vaginal with No Insurance – High ($17,888)
• C-Section with No Insurance – Low ($13,589)
• C-Section with No Insurance – Average ($18,668)
• C-Section with No Insurance – High ($23,746)
• Low ($2,000)
• Average ($5,500)
• High ($9,000)

ONGOING BABY EXPENSES

• Disposable Diapers – $87 per month
• Cloth Diaper Service – $120 per month
• Cloth Diaper Self-Cleaning – $16 per month
• Exclude Diapers – $0 per month
• Lowest Cost – $6 per month
• Average Cost – $12 per month
• Highest Cost – $24 per month
• Exclude Wipes – $0 per month
• No Disposable Diaper Bags
• 100-200 Disposable Diaper Bags – $8/month
• Lowest – 650 ounces per month
• Average – 800 ounces per month
• Highest – 1,000 ounces per month
• Yes, I’ll buy the cheapest in bulk ($0.35/ounce)
• Yes, I’ll buy from my local store ($0.67/ounce)
• No, I’ll only use brand names ($1.14/ounce)

Child Care Costs

• If you plan to use childcare, it’s recommended to look into any tax savings options that may be available to you when filing your taxes. Many employers also offer the ability to deduct childcare expenses pre-tax from your paycheck.
• Daycare Center
• Home Daycare
• Nanny / Babysitter
• No Childcare
• Very Low – $550
• Low – $770
• Average – $990
• High – $1,100
• Very High – $1,400
• Low – $300
• Average – $650
• High – $1,050
• Babysitting Hours Per Month Do you need a babysitter every day or select days? Is it just during work hours or do you need additional time each day for travel? Please enter a number from 1 to 200 .
• Babysitting Number of Months Will there be certain months where you won’t need a babysitter for vacations or extended off-time? Please enter a number from 1 to 12 .
• Babysitting Hours Per Month Please enter a number from 1 to 200 .
• Lower – $40 per month
• Average – $55 per month
• Higher – $75 per month

College Savings

• No College Savings
• College Basics – $50 per month
• About Half – $163 per month
• Nearly Full (In-State) – $325 per month
• Nearly Full (Out-of-State) – $500 per month

Health Insurance

• No Insurance or Family Already Covered
• Low – $100 per month
• Average – $250 per month
• High – $450 per month

Medicine / Skin Care

• Medicine & Skin Care Costs Per Month This includes soap & shampoo, gas drops, baby lotions, and diaper creams/ointments. A safe starting point would be around $25 per month.

Toys & Entertainment

• Toys and Other Entertainment Per Month This includes things like toys, books, videos/movies, subscription services, or other entertainment for your baby. A starting point would be around $40 per month ($480 per year).

ONE-TIME BABY EXPENSES

Home safety.

• Baby Gate or Play Yard ($60 – $200) Multiply your estimate by the number of retractable baby gates you will need around the home to block off stairs, rooms, or hallways.
• Outlet Covers ($5 – $10) You should get enough covers to plug each outlet in your home when not being used.
• Table / Corner Bumpers ($15 – $40) You should get enough bumpers to cover dangerous corners on tables, countertops, and walls in your home as your baby starts to crawl or walk.
• Cabinet Locks ($10 – $40) You should get enough locks to seal cabinets in your kitchen, bathrooms, or other areas where chemicals or other potentially dangerous items are stored.
• Infant Car Seat ($90 – $300) Convertible or 3-in-1 car seats will be on the higher end of the range, but won’t require buying a separate toddler car seats. Multiply by the number of vehicles or children if you need more than one car seat.
• Toddler / Convertible Car Seat ($120 – $300) Larger convertible car seats will be needed when your infant outgrows the infant car seat. Multiply by the number of vehicles or children if you need more than one car seat.
• Car Window Sunshade ($10 – $25) Sunshades can be attached to your car’s windows to keep sunlight off of your child’s face. Multiply the number of car window shades for baby by the number of windows you need to cover.
• Headrest Mirror ($10 – $30) Most cars do not have a way to keep an eye on your rear-facing child without attaching a mirror to the headrest. Multiply by the number of mirrors needed.
• Baby Carriers
• Backpack Carrier ($30 – $190) Allows your baby to be secured to your back just like you’d wear a backpack. These are often used when the baby is a little older.
• Front Carrier ($25 – $210) Keep an eye on your baby at all times by having them strapped close to your chest. Many baby carriers provide the ability to be worn on the front or back, so you likely only need one.
• Wrap or Sling Carrier ($25 – $80) Baby wraps are made of a wide and long piece of cloth that wraps around the baby and you to keep them secure.
• Lightweight Umbrella Stroller ($50 – $125) Umbrella strollers are for babies and toddlers that can sit up on their own. These lightweight umbrella strollers are great for quick trips where you can toss it in the car and go.
• Full-Size / Convertible Stroller ($100 – $500) A full-size stroller is larger than an umbrella stroller and might have an adjustable handlebar, storage basket, and larger wheels for a smoother ride. Most full-size and travel system strollers have attachments to hold a car seat when your baby is still little.
• Double Stroller ($100 – $500) Got two kids or expecting twins? A double stroller is likely what you’ll need to push both children around either side-by-side, tandem (front-and-back), or sit-and-stand .
• Jogging Stroller ($100 – $500) If you’re an active parent, a jogging stroller is likely a must-have. These strollers have 3 air-filled wheels with a suspension system to provide a smooth ride on all-terrain while jogging or hiking. Some even work well as a beach stroller to handle your sand-and-sun vacations.
• Stroller Parent Console / Cup Holder ($10 – $40) You’ll want a place to put your water bottle, car keys, and phone while pushing your baby around. Some stroller brands require you to purchase them separately.
• Child Snack Tray ($15 – $40) As much as babies and toddlers eat, you’ll need a snack tray for your child’s sippy cup and snacks. Some stroller brands provide the tray along with the stroller while others don’t.
• Rain Cover ($10 – $25) If you live in an area where it frequently rains, you’ll need a stroller rain cover to keep everything dry during the showers.
• Stroller Travel Bag ($20 – $50) Thinking of bringing your little one on a trip? You may want to store the stroller in a handy stroller bag while on the plane or in the car.
• Crib ($150 – $1,000+) The baby’s crib is likely one of the most expensive items for a new baby. They range from very cheap to high-end luxury cribs that often have a price tag and quality to match.
• Crib Mattress ($80 – $200) Baby crib mattresses are often purchased separately from the crib itself. Often, one side of the baby mattresses is firm for use during the infant months and softer for when they grow into a toddler.
• Crib Bedding Set ($40 – $140) The options are endless. Bedding sets come in just about every color and cute animal print you can possibly imagine.
• Baby Monitor ($40 – $170) Audio only baby monitors will be on the low end of the cost range. Advanced video monitors will be considerably more expensive.
• Crib Mobile ($20 – $50) Mobiles are suspended over the top of the crib to play soft music and slowly rotate to soothe the baby. While not absolutely necessary, babies love to watch the mobile go around.
• Bassinet ($100 – $400) In the first few months, the baby should be sleeping in the same room (not the same bed) as you. A bassinet is much smaller than the crib and portable so you can move it around.
• Portable Crib / Pack n' Play ($80 – $400) A portable crib is great for traveling and visits to a family member or friend’s house. The quickly fold up and down to fit in a travel bag for your baby or toddler to sleep anywhere.
• Changing Table ($100 – $250) A table for the nursery that’s at the right height for you to comfortably and safely change baby’s diaper. These are great for the middle of the night changes.
• Clothes Hamper / Basket ($15 – $40) Unless you want baby clothes to be all over the floor, you’ll need a clothes hamper or basket.
• Dresser ($150 – $500) You’ll want a dresser that’s big enough to hold baby, toddler, or kid clothes as they get older.
• Lamp ($15 – $40) You’ll want a small lamp with a low watt light bulb for late-night check-ins or diaper changes.
• White Noise Machine / Nightlight ($20 – $50) Some babies are able to fall asleep faster with a noise machine going in the background. Some double as a nightlight to help you see better when you check on them.
• Nursery Decorations ($50 – $300) You may want to decorate the nursery with cute animal accessories, room darkening curtains, custom baby pictures, or stuffed animals.
• Infant Bathtub ($15 – $40) Giving a baby in a full-size bathtub is near impossible and dangerous since there’s no easy way to support them. You won’t need to bathe your baby until the umbilical cord stump falls off, but you’ll want a separate tub to make your life easier.
• Washcloths ($8 – $14) Washcloths used on a baby’s sensitive skin should be either 100% soft cotton or hypoallergenic bamboo.
• Hooded Towels ($15 – $50) Baby bath towels with a hood aren’t just practical for drying after bathtime – they’re also adorable.
• Hairbrush / Comb ($4 – $8) A hairbrush will help with babies that have longer hair or cradle cap that needs to be brushed more frequently.
• Baby Nail Clippers ($5 – $12) Baby’s nails are paper-thin, incredibly soft, and require caution when cutting so you don’t snip their skin. Don’t use the same massive clippers you use on your finger and toenails.
• Diaper Bag ($20 – $100) A good-sized diaper bag is essential for all parents that ever leave the house. You’ll want to throw extra diapers, milk/formula, change of clothes, and toys in the bag to bring along.
• Changing Pads ($15 – $30 each) You’ll likely need more than one changing pad unless you’ll be confined to one spot of the house. You may need one for the family/living room and another for the nursery.
• Portable Changing Pad ($10 – $30 each) You’ll want to keep a portable changing pad in your diaper bag for when you’re on the go.
• Diaper Pail ($30 – $80) Whether using disposable or cloth diapers, a diaper pail can help trap the tremendous scent of a poopy diaper.
• Diaper Pail Refills ($80 – $100) Diaper pail refills will hold about 270 diapers before the ring needs to be replaced. You can expect to use 18 or more refill rings in the first year at a cost of $4-6 each.

Bottle Feeding

• Nursing / Feeding Pillow ($30 – $40) These pillows are for laying your baby on while you feed them in your lap or on the floor. They work well to keep your arms from sweating or falling asleep.
• Regular Bottles & Nipples – 12 Bottles ($45 – $75) Bottles are a necessity for almost any parent. Even if you’re breastfeeding, you may freeze extra milk that you’ll want to heat up in the bottle later.
• Anti-Colic / Vented Bottles & Nipples – 12 Bottles ($50 – $115) If your baby has colic or gets super gassy, you may need to try special bottles that vent the air bubbles as they drink. You should only need one or the other of the Regular or Anit-Colic bottles.
• Burp Cloths – 6-10 Cloths ($10 – $24) Babies drool and spit up frequently. Soft burp cloths are essential for cleaning their face and wiping up messes.
• Cloth Bibs – 10-15 Bibs ($15 – $30) Infants rarely get all the milk or formula in their mouths. A cloth bib catches it as it runs down their mouth to stop it from ruining their clothes.
• Waterproof / Silicone Bibs – 3-5 Bibs ($10 – $25) As babies and toddlers begin trying solid foods, they’ll need a more durable and waterproof bib. These often have pouches to catch crumbs and bits of food that don’t make it into their mouth.
• Bottle Brush ($6 – $12) Over time, the formula and milk begin to leave a residue on the bottle that is hard to clean. A bottle brush may be the only way to get them really clean.
• Bowl & Plate Set ($10 – $15) You’ll want silicone bowls and plates for when your baby begins trying cereal and soft baby foods.
• Plastic Spoon & Fork Set ($4 – $14) Babies have an easier time feeding when you use plastic or silicone tipped spoons.
• Sippy Cups ($5 – $20) Not needed right away, but a sippy cup is how they learn to transition from a bottle to a regular cup. It also helps prevent water and juice from spilling.
• Silicone Suction Place Mat ($9 – $25) Silicone placemats are portable bowls/plates that suction to the table at a restaurant or the family dinner table.
• Disposable Place Mat ($8 – $20) These fold up nicely in a diaper bag and help keep your baby from touching or licking dirty tables.

Breast Feeding

• Breast Pump – Electric ($60 – $500) If you’re a frequent pumper, an electric breast pump makes the task much easier. Note: Check with your health insurance provider to see what they can offer for free.
• Breast Pump – Manual ($13 – $40) A manual breast pump is ideal for pumping milk while on the go.
• Breast Milk Storage Bags – 500 Bags ($65 – $75) You will likely need to store excess breast milk for later use in the freezer or refrigerator.
• Nursing Bras – 3 Pack ($20 – $40) These special nursing bras have easy access for pumping or breastfeeding your baby.
• Nursing Cover / Wrap ($10 – $40) Provides coverage so you can discreetly feed your baby in public places.
• Breast Pads – 800 Pads ($80 – $90) These pads help absorb extra breast milk that may periodically leak for nursing mothers.
• Breast Shields ($8 – $12) A breast shield is a soft silicone or rubber piece that fits over the areola while feeding. This may be needed if things get too tender after the constant feedings.
• Nursing Ice Packs ($9 – $20) These are ice packs for the bra that provide some soothing as nursing mothers recover after feedings.

Baby Gym & Activity Gear

• Baby Swing ($80 – $180) A baby swing can help soothe a cranky baby and gives you an additional spot to hold your baby for a short time.
• Bouncer Seat ($30 – $200) A bouncer seat works great to hold your baby while the family is eating dinner or just lounging by the TV.
• Activity Play Mat ($25 – $100) These small activity mats sit on the floor for your baby to play with toys or teethers that hang down.
• Activity Center ($40 – $130) A baby activity center is for babies closer to 6 months old that can sit up on their own. It has a suspended seat and several toys to keep them entertained.
• Jumper ($40 – $120) As the name implies, a baby jumper is a seat for your little one to jump around or practice standing on their own.
• Baby Walker ($20 – $90) A baby walker helps your baby learn to stand and walk on their own. They often have lights, toys, and music to keep your baby entertained as well.

Comfort & Soothing

• Pacifiers ($8 – $24) The ultimate baby soother, you’ll want several pacifiers since they frequently find their way to the dirty floor.
• Teethers ($5 – $8) Your baby’s teeth will begin to show around 6 months. Baby teethers help soothe them as they struggle with the pain of teeth breaking through their gums.
• Cool Mist Humidifier ($30 – $80) A humidifier is great if you live in dry climates or experience cold winters. These help keep your baby comfortable as they sleep.
• Air Purifier ($40 – $100) An air purifier can help remove pollen, pet dander, and other allergens from the air.

Keepsakes & Photos

• Birth Announcements ($35 – $75) You’ll want to shout it to the world when your new baby arrives! A simple postcard or picture of your baby is a great way to get the word out.
• Photo Album or Scrapbook ($16 – $35) You’ll likely have hundreds, if not thousands, of baby pictures on your phone in the first year. A photo album is a safe way to keep and share them with others.
• Newborn & Milestone Pictures ($200 – $400+) Getting adorable pictures of your newborn isn’t cheap, but it’s amazing what a good photographer can do with your little one.

Miscellaneous

• Any Additional Baby Expenses Are there any other costs you can think of that we may have missed? Put the total in the box below.
• Alright, let’s check out your new Baby Budget! If you’d like to make adjustments, you can scroll down to click the “Back” button to change your selections. Don’t forget to scroll down and enter your email so we can send you a copy of your new Baby Budget!

BABY BUDGET

Ongoing baby expenses per month.

• Child Care Cost
• Diapering Cost
• Formula Cost
• Clothing Cost
• College Savings Cost
• Health Insurance Cost
• Medicine / Skin Care Cost
• Toys & Entertainment Cost
• ESTIMATED MONTHLY COST (FIRST YEAR)

ONE-TIME COSTS FOR THE NEW BABY

• Baby Delivery Cost
• Baby Gates & Other Safety Gear
• Car Seats & Accessories
• Strollers & Accessories
• Nursery Furniture & Decorations
• Bath Tub & Accessories
• Diaper Changing Gear
• Bottles & Feeding Gear
• Baby Swing & Activity Gear
• Comfort & Soothing Gear
• Baby Keepsakes & Other Costs
• ESTIMATED ONE-TIME COSTS
• TOTAL FIRST YEAR BABY COST

Whew, babies need a lot of stuff! Where would you like us to email your baby budget?

• Name * First Name

Frequently Asked Questions

How much does it cost to have a baby, what is the average monthly cost for a baby, how much does it cost to have a baby in the first year, what should i do to prepare financially for having a baby.

How much does it cost to have a baby?

In a nutshell

The cost of having a baby may be high, but you may have more control over your budget than you realize — as long as you plan ahead.

• The exact cost of giving birth varies and depends on many different, individual factors.
• According to some estimates, the combined average cost for pregnancy, delivery and post-birth care is $18,865.
• You should also consider the cost of childcare, food and clothing.

What factors contribute to the cost of giving birth?

There’s no one price tag for having a baby because medical care is tailored to both the baby's needs and the mother's needs. In addition to the health of the mother, the following factors impact the total cost of giving birth:

• Location: Different parts of the country have different prices for births, including labor and delivery services.
• Number of babies: Twins or triplets may have more complex needs than a single baby and can result in a more expensive delivery.
• Type of delivery: Caesarean sections (C-sections) cost more than a vaginal birth and typically require longer stays in the hospital after birth.
• In-hospital services: A private room costs more than one shared by two people, and some hospitals offer more accommodations for a premium price.
• Newborn care: If an infant needs specialized medical services after birth, the hospital bill will be higher. However, this is often included in the cost of infant care and is not considered a part of the total cost of giving birth.

In addition to these factors, health insurance plays a significant role. Someone without insurance may be able to pay far less by paying the entire bill upfront with cash. This is sometimes referred to as the “cash price.”

Otherwise, health insurance often covers at least some of the cost, but what your health insurance will cover will vary. Some private insurers cover only minimal costs, while other insurance providers (like state Medicaid coverage) cover almost the entire cost of prenatal care and delivery.

Types of deliveries

There are two main types of deliveries: caesarean (C-section) and vaginal birth.

Caesarean section

In a C-section, the baby is delivered through an incision in the abdomen. It is a major surgical procedure and requires a pain management plan or general anesthesia. The hospital stay can be two days or longer, with follow-up care required to ensure proper healing.

Traditional birth

With a traditional vaginal birth, complications can occur, but it's not surgery. It won’t require the help of an anesthetist and surgeon, and it may even be done with minimal pain relief or medications. In fact, some vaginal births are performed at home, with only the help of a midwife or doula (and without the assistance of a medical team at all).

How much is a birth if you have insurance?

A pregnancy with C-section delivery costs $26,280 on average. With insurance, the cost may be lower — around $3,214 out of pocket. Because a vaginal birth requires far less medical intervention, the price tag is generally lower (approximately $14,768). After insurance, the cost may be even lower (approximately $2,655 out of pocket).

How much a baby costs in the first year

The expenses don’t stop once you’ve given birth. Here are some of the most expensive things parents or caregivers will pay for in the first year of a baby’s life.

Not every caregiver can stay at home to care for a child, and many caregivers must go back to work soon after the birth. With 52% of parents spending $1,000 or more on childcare per month, this can add up to over $10,000 in childcare costs in the first year of a baby’s life. According to the same survey, 24% of those surveyed spent $2,000 or more on childcare per month. This can add up to at least $20,000 in the first year (and that is for just one child).

Diapers and wipes

Diapers need to be changed — a lot! So, how much does it cost?

A quick search on Amazon shows disposable diapers ranging in cost from $0.17 to $0.42 per diaper. Infants go through eight to 10 diapers a day, on average, for a cost of approximately $496 to $1533 per year.

Reusable cloth diapers cost between $2 and $20 per diaper, with the average child needing at least 20 cloth diapers. As the baby grows, so will the size of their diaper (and the total number of diapers you need). Expect to pay a minimum of $400 per year if you opt for cloth diapers — and you’ll also need to calculate the additional cost of extra water, detergent and energy to clean them.

If you opt to buy disposable, one-use wipes, expect to pay between 2 and 6 cents per wipe. If at least one wipe is used per diaper change, that adds up to approximately $58 to $219 per year.

A can of baby formula can be quite expensive. The generic product starts around $30, and premium cans — for example, formulas for specific medical needs — cost up to $60. Each container of formula ranges in how long it lasts, but expect it to feed a baby for two to four days. This adds up to between $1,300 to $5,400 for the first six months of a baby’s life, assuming the baby begins to eat solid food around 6 months old and begins cutting back on formula.

Nursing parents don't have the cost of formula to worry about, but there are other products they may consider purchasing. From lactation teas to nursing pads to pillows for comfy breastfeeding, it's not exactly free to nurse a baby. Breastfeeding may also require you to increase your calorie intake, leading to a slightly higher grocery bill.

In addition, if someone else is helping you feed the baby it may be necessary to purchase a breast pump and milk storage containers, pump accessories and supplies. This will add to your overall budget.

The AP Buyline roundup

Bringing a baby into the world isn't cheap, but the precise cost is influenced by many different factors. While medical and childcare costs are not negotiable, other costs may be either avoided or significantly reduced , depending on your budget.

Frequently asked questions (FAQs)

How can i cut costs in the baby’s first year.

Parents can shop with coupons, buy used clothing and minimize the purchase of toys and furniture to prioritize basic needs. Infants outgrow items quickly, so if you are going to buy new clothing it may make more practical sense to invest in several mix-and-match clothing separates.

Also, ask your friends and family about borrowing baby cribs, toys or furniture. Just make sure all previously used items are in good condition and adhere to current health and safety protocols — namely, they haven’t been part of a safety recall.

What should I do to prepare financially for having a baby?

It may be tempting to wait until you have the “perfect” budget before having a baby, but it can be hard to know exactly what a “perfect” budget is. Many costs are hard to predict and so hard to anticipate. One strategy is to begin with creating a budget for the one-time costs of having a child. Then, figure out the ongoing expenses. Look into what your health insurance covers and, if you are employed, if you have any paid family leave or medical leave. Finally, you may want to ask anyone in your life who is already a parent how they’ve saved money and budgeted for a family.