Day 1 What Baby Will Cost YouStep 1Step 2Step 3
You’re having a baby … congratulations! This is probably the most exciting time of your life, though you may have a ton of questions. That’s why we’re here to help.
In this bootcamp we’ll take a look at how your baby will affect your finances—from your monthly budget to the total cost of raising your child ’til age 18. We’ll help you see how being a parent fits in with work, arming you with the right questions to ask your employer and helping you calculate whether or not you can afford to go part-time or even take a few years off.
RESOURCES: BABY COSTS
You’ll also start planning for all your expenses, from setting up a stylish nursery that won’t put a dent in your bank balance to saving for college.
Today, we’ll get a bird’s eye view of how a baby will affect your overall finances, and then dig deeper to determine how your first-year expenses, specifically, might change.
To start, check out our infographic on how much the average, middle-income family spends to raise a child from birth to age 17:
In Step 2, we’ll take a closer look at what you can expect to spend in the first year of Baby’s life.
ARE YOU SURPRISED BY THE BIG NUMBERS YOU SAW HERE?