Well, we’re due on Christmas…and are just figuring this out…but our budget so far has been:
About $800 for the nursery set up (crib, dresser, glider, and other miscellaneous items that we bought ourselves). We estimate another $250 for a monitor, baby carrier, and some smaller items we still need. We did not ask for furniture from family, and it’s not something my family does…but if yours will, it can save you a lot of money.
Daycare – in our area it’s between $75-$130/day, depending on whether we want to use a daycare by our house or by our jobs (in the city). We’re leaning towards a daycare in our town, because they’re so much cheaper than city prices. Also, we changed our work schedules so we only need 2 days/week while we both maintain our full time status. That’s something to look into at your new job, as well.
Diapers – The cheapest I’ve found is .10/diaper at BJs. It’s cheaper if I happen to find a coupon, too. We joined BJs just for the diapers, and are saving a ton of money there all around…so I definitely recommend a wholesale club! The wipes are the cheapest I’ve seen there, too.
Food – I plan to breastfeed. As of Jan 1, insurance is mandated to cover breast pumps (yay!). We did spend about $40 on bottle supplies, because I will be pumping when I return to work.
Healthcare – don’t forget about all of the visits your little one is going to have. The copays will add up!
When you start your job, check into flex spending accounts. You can pay pre-tax for daycare and medical care, which can make a big difference each year!!
Clothes – I’m just learning how to buy baby clothes, and returned a bunch of stuff I originally bought when I realized how much I overpaid! Old Navy and Baby Gap frequently have an extra 40% off sale prices and you can get things cheap, cheap, cheap! I got four onesies, a jacket, and a pair of pants at Baby Gap for $18 this weekend! You can also find really nice, new or almost-new baby clothes at thrift stores.
Toys – these can be bought cheaply, too. Consignment stores, craigslist….you can find pretty much everything you need for baby that way!
and that’s all I know at this point!