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How much do babies cost? - Page 2

post #21 of 24
Home birthing, cloth diapering, exclusive breastfeeding, co-sleeping and babywearing save a LOT of money for a baby.

Homebirth $2500 vs. hospital birth $12,000
Cloth diapering $300 upfront and about $10 a month in detergent, extra water and electric vs. disposable diapers and wipes $80 a month plus $5 a month for an extra garbage can (that's what my city charges me)
Breastfeeding is free but the cost of 3 nursing bras and 10 nursing pads $40 vs. formula $100 a month plus bottles
Co-sleeping is free vs. crib + mattress + bedding $1000
Sling or wrap carrier $35-60 vs. stroller $300
I think I spent a total of $200 on clothes, towels, blankets, hats, socks and such and about $80 for a carseat he'll use to 35 lbs.

Babies don't have to cost that much.
post #22 of 24
At the point I gave birth to my DS, we had over $5 grand in savings. We spent it all. And that's with full coverage insurance.

You should first look at lost wages, because that's the biggest amount. Think about how long you and your DH would want to take off work and make sure you have that dollar amount in savings. Then look at how much less you will be making per hour after you go back to work because of child care costs. Ie, I spend 1/3 of my income on childcare now. I think those are the big factors that you need to look at. The rest - diapers, formula, clothes, etc, really isn't that much when compared to lost wages. There are a few big-ticket items like a crib or bassinet if you decide to use one, and a stroller/car seat.

I would plan to have enough money saved to completely cover your living expenses for at least a few months, and if you don't have insurance that will cover your prenatal care and birth, have money set aside for that.

HTH a little.
post #23 of 24
Wow, this makes a LOT of sense.

Quote:
Originally Posted by rosie_plus_one
At the point I gave birth to my DS, we had over $5 grand in savings. We spent it all. And that's with full coverage insurance.

You should first look at lost wages, because that's the biggest amount. Think about how long you and your DH would want to take off work and make sure you have that dollar amount in savings. Then look at how much less you will be making per hour after you go back to work because of child care costs. Ie, I spend 1/3 of my income on childcare now. I think those are the big factors that you need to look at. The rest - diapers, formula, clothes, etc, really isn't that much when compared to lost wages. There are a few big-ticket items like a crib or bassinet if you decide to use one, and a stroller/car seat.

I would plan to have enough money saved to completely cover your living expenses for at least a few months, and if you don't have insurance that will cover your prenatal care and birth, have money set aside for that.

HTH a little.
post #24 of 24
I think Rosie_plus_one is right on the money, lost wages is the biggest thing to worry about.
Babies don't have to cost much, if you are patient and not choosy you can get almost all the baby stuff for free (cloths, diapers, stroller etc). People are always trying to give me baby stuff, and you can always post on freecycle what you are looking for. Even if you do decide to buy a lot of things, they can be used again for the next child, which makes the next child even cheaper than the first child
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