The talk of baby making has entered the BudgetsAreSexy household, and I’m starting to get a little nervous. Not so much about having one or making one (that’s the fun part!), but about the costs they suck up (the not-so-fun part). How much do babies go for these days?
And that’s not a rhetorical question either, sorry – I really haven’t a clue :) If I had to guess, purely out of thin air, I’d say $10,000. And I’m not entirely sure if that means hospital bills, yearly costs, “per baby” or what. I’m as stupid as they comes to baby finances, so I’m hoping some of you will enlighten me. All I know is that they’re expensive.
I plopped “how much do babies cost?” into the google, and the results were all over the place as you might expect. Some forums say they cost $800 a month once you get ’em going, and others say you’re fine with $400 a month. There’s probably too many variables to get an accurate figure for my exact personal situation (like daycare vs. home watched, insurance coverage vs. not covered, baby 1 vs. baby 2, etc, etc) but anything you can share would be very helpful.
I did try out a nifty Baby Cost Calculator though! You go down this huge list of selecting what you will and won’t need, and at the end it pops out an average cost for you. According to OUR results, it says it’ll cost us $4,119.00 the first year – or roughly $343.25/mo. It doesn’t account for the hospital bills OR what you’d get for baby showers and presents and all that stuff, but it’s a start.
Either way, I’m pretty excited to start a new adventure in our lives. We’re not sure when this will all come about, but God willing we’ll be able to produce healthy & happy little J. Juniors all over the place :) And you better believe I’ll be blogging all about it.
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!