- 6 years ago
- Wedding: June 2011
When we planned our wedding, we set X amount as our total budget and then using varying websites, looked at what percentage of our budget should go toward certain things. With a very DIY venue, we had to adjust in certain areas, but overall it was very helpful and worked for us! Month to month, I have my monthly pay broken down into what percentage goes toward home, savings, debt repayment, living, etc.
I finally started to get some ideas brewing over the weekend and set some timelines to start making purchases, but reading a magazine my Mom gave me, some of the prices for stuff was insane. I get that babies are expensive, but I also know when things go from basics/splurging a little, to all out going crazy with spending (ie, this mag listed the “best” strollers, none of which were less than $660, clearly you can get a good stroller and not spend nearly that much if you don’t want to!).
I know ongoing expenses once the baby is here is one thing, but for first time parents, starting up with nothing baby, is setting a total amount you want to spend (no idea what that number *should* be) and then breaking down to percentages (even if adjusted later!) appropriate? Doable? I just think it’s going to be so easy to get carried away spending and want to know if what I’ve done for other things (wedding) and month to month expenses is doable for baby too!
Does anyone care (dare?) to share there start up cost baby budget? Can you tell I like to plan! I feel like if I have a spending plan, I will enjoy spending the money more and have more fun witht he purchases, rather than worrying about if a certain purchase is too much or not.
This site for example, says $2058 for start up costs: http://www.babycenter.com/baby-cost-calculator
However being a US site, as someone who lives in Canada, things are going to cost more in some categores.
Range of $1685 to $4625 here: http://www.justmommies.com/articles/costs-having-a-baby.shtml
I know budget is a big part of some posts on the wedding side of the bee, but I think it`s important on the baby side too….hope this is ok!!