Realistically, what are the costs in having a baby?
Saturday, 5. June 2010
My husband and I are thinking about starting our family. We are financially secure (as in we don’t live paycheck to paycheck, have little debt, and have a decent amount of money in our savings) but we still want to make sure that we have the means to support a baby. I don’t think it’s fair to knowingly bring a child into the world and not be able to support it properly.
So what are the costs involved? I know how much things like diapers and formula cost, but I’m trying to figure out how many diapers babies go through a day, and how much formula they consume. (I plan on breastfeeding, but incase it doesn’t work I want to be prepared for the cost of formula) Also, how often do babies need to go to the doctor? We have good insurance, but the office co-pay is $20 per visit and prescriptions are $10 for generic and $30 for non-generics. If you can help me out with any of the gaps I have in my info, as well as provide any additional info and/or advice I would really appriciate it. 