Budgeting for Baby

Preparing for a new addition? According to government estimates, the average middle-income family will spend roughly $10,000 on child-related expenses in the first two years of life ($8,000 for a second child), and some experts suggest that figure may be too low. (Women's Issues)

Let us help you calculate your new budget plan for one-time and monthly expenses.

Compare Costs: Enter your cost estimates for the following items that you expect to purchase: We will compare what you expect to pay with actual retail prices. We will then help you calculate your new budget plan for one-time and monthly expenses.

This will hopefully help you better prepare for your bundle of joy.

One-Time Expenses

Item	Estimated Cost
Car seat	$
Crib	$
Crib Mattress	$
Bedding	$
Changing table and pad	$
Rocking chair	$
Bassinet	$
Stroller	$
Diaper bag	$
Baby monitor	$
Bath tub	$
Nursing items and clothing	$
Safety gate	$
Play center or walker	$
Thermometer/First Aid kit	$
Dresser	$
High chair	$

Monthly Expenses: Some of these might be in your plan and others may not. If you plan to breastfeed and not use formula, for instance, just enter $0 in the blank.

Don't forget to add this "sub-budget" to your overall monthly family budget. See the "My Budget Planner" calculator for assistance with your overall budget.

Item	Estimated Cost / month
Disposable diapers	$
Clothes	$
Formula/food	$
Child care	$
Photos	$
Toys	$
Medical Insurance for you and baby	$
Medical bills (co-pay or uncovered expenses)	$
Life insurance for parents	$
Education savings plan contribution	$
Monthly savings contribution	$
Miscellaneous	$