Post # 1
Me and my sister got into a discussion about the cost of a baby’s first year. I did have my son young and needed to be frugal, but I don’t know I’d do anything differently. When I think of having a baby I always add on about $150 more to our budget plus $70 more a month for insurence.
My sister insists that a baby will cost $700 a month not including daycare. Now- I know everyone is different, but how much to you spend on baby nessesities? Did kids get more expensive in the last 5 years?
Post # 3
As many people say, babies are only as expensive as you let them be (obviously, unless there is some kind of medical issue since that adds up a lot). Figuring in the approximate costs of diapering, feeding, etc the baby and leaving a bit for unexpected random needs here and there, and then considering the extra cost for utilities, I am leaning much more towards your number than your sister’s. I guess it also depends on where you live. Did she give a breakdown or did she just throw that number out there? Perhaps she was dividing up the cost of EVERYTHING you need before baby arrives (clothes, furniture, toys, etc)? I’m definitely not going to be spending $700 a month on baby expenses lol.
Post # 4
@MissFireFlower: Oh yeah totally $700 a month…if you are gonna dress them in Gucci and Prada. lol Just kiddin. I’d say $200 max.
Post # 5
I have 2 children but of course there alot older now 7 and 4 We payed about $500 when they were an infant but as kids do grow older they dont cost as much. Yes you will have there activities or clubs they join and clothing and food isnt much. I think with infants and toddlers your spending alot more because there growing every single day..as far as clothes goes and yes diapers too and formula unless your breast feeding will save you some money
Post # 6
I spent less than $100 a month when my daughter was little, because I was 17 and broke. I wouldn’t do anything differently the next time though. I breastfed (never bought formula), did a mix of disposable and cloth diapers (which were gifted to me from a woman I bought some baby things from before my daughter was born), never bought pre-made baby food with the exception of rice cereal, and thrift-shopped for toys and clothes.
I was extremely lucky in that I was given clothing through an organization I worked for which helped a lot, and my daughter didn’t go to daycare until over the age of 2 as my parents helped watch her while I was in school. Add in the ‘start-up’ costs of car seat, crib, etc and it still averages out to less than $100 a month. With the next baby, I’ll still breastfeed, cloth diaper, and will make my own baby food, and my husband and I have a lot of flexibility in scheduling so we’ll likely avoid daycare until we hit the toddler/preschool age. Babies go through clothing SO fast in the early years so I have no problem buying things second-hand, because they’re usually in great condition, so I’ll do that again, too. I always laugh when people go crazy over the cost of babies.
ETA – I’m a Canadian who lived in Canada with my first child, so no health insurance. Now living in the US, our family rate for insurance will cover an additional child anyway, so it’s no additional cost to the (astronomical) amount we spend.
Post # 7
Lol what does she plan to spend $700 on? I would say $100…diapers, clothes, the occasional copay?
Post # 8
I don’t think it will cost us too much. We are very frugal. Diapers and wipes… onesies. I think our electricity bill will be higher because we have to get air conditioning for the baby. As adults we just suffered and couldn’t sleep, obviously I would not do that to an infant! I think $200 is my max max budget, but I hope to do it on less.
Post # 9
What kind of insurance can you get for $70? I just signed up for an individual Kaiser plan (the cheapest without a 9k-15k deductible) after getting off my mom’s plan and I’m $336 just for me! They told me it would be about $500-$900 a month for a baby to be on the same type of plan I enrolled for and I about died on the spot! They have low income plans that are only $8 or $15 a month for baby, but your income has to fall below 300% of the Federal Poverty Level to qualify :/
Aside from insurance, monthly you have diapers, wipes, formula if you can’t breastfeed, and the one time expenses that aren’t covered by your shower if you have one, like upgrading your car seat, baby food for older babies, any medication, upgrading your stroller if you need to, etc.
Post # 10
@saraja87: If the insurance is through an employer, it is often cheap or free for the employee, and then you just have to pay for dependents to be added. My husband pays ~ $30 for himself ~100 for me and when we have a baby it will be about another 100 to change it to an Employee+2 plan.
Post # 11
You might need more but it depends. My son, who is now 4, had GERD when he was born and needed a special formula or he was in pain and in danger of choking. Each box of formula was 15 Euro( around 20 $) and lasted for two and a half days! He drunk this formula for the first year. Killed us! Also used disposables. If you breastfeed and/ or cloth diaper huge difference.
Post # 12
My daughter is almost a month old and we haven’t spent close to $700 on her since she’s been born. We just found out that she has a milk protein intolerance and has to have special formula that costs twice as much as regular formula, so we are up to about $150 this month on formula alone. She has gone through 3 packs of diapers and 4 packs of wipes, but I’m not sure how much that is because I got 25 packs of diapers at my baby shower and about the same amount of wipes. My daughter wouldn’t have costed us as much if she didn’t have to have different formula. (Yes, I could breastfeed and call me selfish, but I’m not giving up all dairy to be able to do that.) Long story short, I think your sister has hit the ball WAY too far out of the park. I could see $700 per month if the baby was special needs, but not in normal circumstances.
Post # 13
@dreamocracy yes, that would be ideal! My company offered fabulous coverage before they laid off a bunch of people, including me 🙁 Unfortunately in our case, DH’s work is through 3-4 different unions which makes it nearly impossible for him to get coverage through one of them :/ One of the major downsides of the television industry! We looked into getting him coverage through a family business, but adding a spouse would have been $600+ and adding kiddos would have been $900+ per month. That was through a small business plan!
For people who don’t get coverage through work, insurance is a major, major expense. Definitely something to look into carefully when writing up your budget.
Post # 14
$700 is CRAZY. Didn’t think of having to pay for medical insurance in the USA, we don’t have to pay that here in Canada thank god. I’m preggo now so I don’t know personally, but my gf who breast fed almost exclusively stated her newborn son costed her $60/month.
I agree with others here, kids will cost what you allow them to cost you. My other friend told me to budget $300/month, that same person spent $3500 on a crib and change table… I mean common.