Post # 1
My husband and I would really like to start TTC in the next 6 months. However our monthly expenses/ monthly income are severely out of whack. And I’m trying to figure out how much per month we need to allow in our income before we ttc. We have everything budgetted down to the penny and I’m trying to figure out if we can afford it or if i’m gonna have to sell my car. So theregoes the question. How much does it cost you per month to raise a baby. I’ll be breastfeeding to begin with so not much formula cost until he/she starts eating solid foods. we both work full time so we’ll have to pay for daycare.
I can guestimate daycare but with diapers, doctors visits, food, clothes, insurance, etc i have no idea what to think.
How much did your little bundle of joy cost you per MONTH? and let me know what that includes and where your from if you can. THANKS!
Post # 3
@Kate0558: Your first big expense youll want to consider is having the baby. Call your isurance to see what is covered and how much of it. Not all insurances pay for everything. For us it will cost us about $4,000 just to have the baby.
Our insurance will go up $100 a month (If I remember correctly) once baby is here.
I also plan to breast feed and ake baby food. Its very easy to make baby food. So for a period of time I dont consider that a cost.
We also plan o nmostly cloth diapers. So I plan on an initial outlay of about $200. But I have to be realistic and regonize that for any number of reasons I may have to use disposables so I have to make sure I can afford that if I have to. If not, bonus money for saving.
Post # 4
our insurance went up by 200.00 per month.
we have no copay on Dr visits
day care is about 520.00 per month for an home provider three days per week ($40/day)
disposable diapers and wipes for day care 20.00 per month
we inherited a TON of clothes from newborn to 4T so havent had to buy any, but we use the same outfits over and over again so I am sure clothing sots can be kept low especially if you go to thrift shops.
although not necessary $100 month toward his college funs
when he is on solids I plan on making my own so dont expect to see a huge increase in my grocery budget (which is currently 260.00 per month for my husband and I)
misc things (dipaer rash cream, teethers, new bottle nipples, etc) about 10-20 per month.
we mainly cloth diaper which was an upfront cost of about 200.00, our water bill went up minimally with the increased laundry
I exclusively pump so dont buy formula but a good double pump can cost $300.00 (my insurance wouldnt cover a double pump)
I live in Massachusetts in afairly high cost of living area
Post # 5
Not really sure… never calculated it. Our insurance is autmomatically taken out of dh’s paycheck but I do pay for private dr.s visits for my kids and I assume that will be an extra $20 a month for the first year.
Diapers and wipes… I don’t even remember how much I bought each month with my other 3…. but I plan to buy in bulk each month to see how that will last… not sure of what diapers cost these days LOL… but I’d say maybe an extra $50 a month.
Food…exclusively bf-ing for the first 4 or so months and so no extra costs there. I plan to also make most of the baby’s food once he starts on solids and then he’ll eventually eat what we eat once he gets older…from experience babies grocery costs don’t add a whole lot to our overall bill.
I have not bought much clothes and rarely spend a lot for clothes for babies anyway.
For us, it’s the initial cost of preparing for baby that is the most expensive… we buy all the essentials to start and then a few items we want to have. Getting his room ready and such. After that, the cost for caring the baby once he gets here is not as much.