(Closed) How much did you have in savings for baby?

posted 7 years ago in Babies
Post # 3
Member
3068 posts
Sugar bee
  • Wedding: May 2011

I would say to go to Walmart, Babies R’ Us, Target, etc and start writing down how much everything is such as a crib, accessories, breast pumps, etc. Then from there you can determine about how much you would want to save ๐Ÿ™‚

Post # 4
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

We want to have a year’s salary in emergency savings before TTC. That’s our comfort level in general for savings (outside of retirement, of course). We have that right now, but will be putting it towards buying a home, then rebuild the savings, then TTC.

Post # 5
Member
2577 posts
Sugar bee
  • Wedding: June 2010

We have about 25,000 in savings, but in Aus you also get a $5000 bonus when you give birth.

We are planning on TTC in the next year.

I also have amazing maternity leave as I work for government, and will have about 6 mths paid time off.

I love Australia for these reasons- we have it pretty good with this stuff.

Post # 6
Member
400 posts
Helper bee
  • Wedding: March 2011

We have about $20k left after the wedding but want to pay the house off over the next year or two before TTC. 

Post # 7
Member
3871 posts
Honey bee
  • Wedding: November 1999

@MrsOliveBird: You get $5k when you give birth!!?!?  I think I need to move to Austrailia!

Post # 8
Member
2577 posts
Sugar bee
  • Wedding: June 2010

@ttn133: Yes, and if you have twins you get 10,000 and triplets 15,000…. we have a very generous social security system here. 

Post # 9
Member
8353 posts
Bumble Beekeeper
  • Wedding: March 2011

I had my babies quite a awhile ago, but my first husband and I didn’t have anything in saving when we started having babies. He was in the military though, so most of the medical was covered. We just had to come up with the essentials and I breast fed, so we didn’t have to purchase formula.

Post # 10
Member
1032 posts
Bumble bee
  • Wedding: August 2009

A few years ago my husband came up with the number of 10k for every year I was going to stay home from work.  This is totally not going to happen. We never saved before I was pregnant. We started saving in January and we have about $4,500 saved. (We have spent about $500 of this so far on baby stuff though…like crib, etc..)

We will probably have about 5k in savings when baby arrives. I wish we had more but it really is true what they say “You will never feel ready for a baby and you will never feel like you have enough money”  ๐Ÿ™‚  But some how people find a way to make it work. I’m trying to just have faith.

I am planning to stay home for awhile and we don’t really make a lot of money. My husband is self-employed and so am I. We have to pay outta pocket for insurance. ($$$$!!!) Things will be tight but we will just have to figure things out as we go.

I think it’s good to save as much as you can…but when it comes down to it, you will find a way to make it work

Post # 11
Member
681 posts
Busy bee
  • Wedding: May 2009

we have 10k in savings for the baby – the only reason we have that much is because we bought a home last year and held onto more than half of the 8k tax refund. aside from the supplies you’ll need for the baby, the biggest expenses will be childcare and health insurance and since those are ongoing expenses we chose based on what we can afford month to month aside from our savings.

Post # 12
Member
423 posts
Helper bee

We had nothing in savings when we got pregnant, since it was a surprise.  We started trying to save when we found out, we are kinda in a tough situation living/working right now, but you should know that it’s nice to have some money in savings, but like my mom told me “You love (the baby) and that’s all that really matters.”  The other stuff you can work out!

 

Post # 13
Member
9824 posts
Buzzing Beekeeper

We had a surprise baby, so my answer is nothing! And guess what, we made it work ๐Ÿ™‚

Post # 14
Member
1263 posts
Bumble bee
  • Wedding: September 2009

We are trying to save 6 months of my salary since I’m the primary breadwinner at the moment and plan to cut back to 75% time working after I have a baby.  This would be for “unexpected costs” and to cover my salary cut.  Trying to also save separate $ for pre-baby stuff – like furniture etc. 

We have about 3 months of my salary saved.  Not pregnant yet, but we should be able to meet that goal within the next 6 months.  I get 2 months paid leave plus can take an additional 4 months off (for a total of 6 months).  I would definitely take some unpaid leave, but how much unpaid leave will depend on how much *more* than the 6 months salary saved.

Post # 15
Member
6572 posts
Bee Keeper
  • Wedding: February 2010

we bought a house when i was 8 months preggo, so there went all of our money. we have a good support system though. if anything happens my parents will help us out.

Post # 16
Member
10714 posts
Sugar Beekeeper
  • Wedding: June 2012

I got pregnant at 18 while I was half way through my senior year of high school. I had no money saved because we never planned to have a baby… My son has always had everything he needs and more. If I could do it being a single mommy I think anyone can do it =D money saved or not.

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