Pregnancy Money Moves: Financial Steps for Expecting and New Parents (2024)

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Last Updated: 5/17/2023



On This Page
  • Financial Goals Before Baby Arrives
  • Expert Advice On Financial Planning
  • Financial Steps When the Baby Comes

Nothing changes your life like a new baby. You might be feeling all kinds of emotions, from excitement and joy to nervousness or even full-fledged anxiety. If you’ve lain in bed wondering, “Will I raise a good kid? Am I ready for this? I haven’t even decided between purees and baby-led weaning!” you’re not alone.

Not to mention the big question on many expectant parents’ minds: “How much money should I have saved before having a baby?”

While theU.S. Department of Agricultureprojects that a middle-income family will spend an average of $233,610 raising a child from birth to age 17, don’t let this six-figure price tag send you into a panic. The real truth is that preparing financially for a baby takes some planning, but you’ve got time before and after your baby arrives to ease the financial transition into parenthood and prepare for thecost of having a baby.

Financial Goals Before Your Baby Arrives

Pregnancy Money Moves: Financial Steps for Expecting and New Parents (1)

The first few days, weeks and months with a new baby in the house are a wonderful whirlwind, so if you take time now to make and meet some financial goals, the fewer things you’ll have to worry about when you’re busy changing diapers and waking up for 2:00 a.m. feedings. The following checklist can help you get started.

Understand Your Health Insurance

Even a birth experience with minimal medical intervention still requires some degree of professional healthcare.


Birth Type

Cost If No Insurance

Vaginal birth, minimal intervention


C-section, no complications


Source:Fair Health

Fortunately, Under the Affordable Care Act (ACA),maternity care and childbirthare considered essential health benefits. That means ACA health insurance providers can’t refuse you coverage because you’re pregnant.

Still, not all coverage is equal. Even with insurance, you could still end up owing thousands of dollars for prenatal care and delivery. On the plus side, some insurance plans cover additional services you might not expect, such as lactation consultant visits.

Now is the time to check with yourhealth insuranceprovider to get answers to the following questions:

  • What are my copays for prenatal visits and other services?
  • What is covered under my policy’s prenatal care?
  • What is my deductible?
  • How is my deductible applied?
  • Does my plan cover a hospital or NICU stay?
  • Does my policy cover additional providers at the hospital, such as the anesthesiologist on staff?
  • Does my policy cover a home birth or midwife services?
  • Does my plan cover services such as a doula or lactation consultant?
  • How do I add my baby to my health insurance plan?
  • Does my policy cover equipment such as breast pumps?
  • What breast pumps does my insurance plan offer? How do I get one?
  • Does my plan cover chiropractic services, acupuncture or prenatal massage? Do I need any documentation (like a note from my OB-GYN) to get coverage for these services?
  • What mental health services do you cover? Can you send me a list of mental health professionals in my area that accept this insurance?

If your hospital bill comes back higher than you expected, keep in mind that you have the right to request an itemized bill so you can check each expense. You can also dispute any charges you disagree with.

If yourbudgetallows, try to put some money aside for health services you want that your insurance might not cover, such as a doula or birth coach, which can cost$800 to $2,500(depending on region and experience), or prenatal massage, which can cost $75 to $100 per session.

Pay Down Debt

Americans aged 18–34 carry anaverage of $36,000in debt and dedicate 34% of their monthly income to paying down this debt. These millennials report that their greatest source of debt comes from education loans credit card bills. Chances are good that if you’re having a baby, finances and debt weigh on your mind.

If you’re in a position to pay down some or all of your debt before the baby comes, great! You’ll know you’re on the right track if:

  • You don’t need to drain savings to pay debt (being ready to cover an emergency is more important)
  • You’re not taking on debt to pay other debt (e.g., paying utility bills late while you try to lower a credit card balance)
  • You put your family’s basic needs (food, heat, rent, medical care) above debt payments

Whether or not you’re aiming topay down your credit card or other debt, pay at least the minimum balance on time each billing period toavoid harming your credit.Then figure out how much you need to save to support a baby financially. A simple rule of thumb is to determine your budget for baby supplies, add the amount you need to cover any maternity or paternity leave, and divide that figure by the number of months until the baby arrives. From there, look at how much is left each month to pay down debt faster.

Build Emergency Savings

Setting up ageneral emergency savings fundis a solid way to ensure you’ve got a financial safety net to protect your family against unexpected expenses. Most financial professionals’ rule of thumb is that an emergency fund should cover three to six months’ worth of living expenses. If that’s not realistic, try to aim for a minimum of $1,200. That’s themedian unexpected medical expenseAmericans faced in 2017.

Shop for a Life Insurance Policy

Pregnancy Money Moves: Financial Steps for Expecting and New Parents (2)

While it’s probably the last thing you want to think about as you prepare to welcome a new baby, if you haven’t thought aboutlife insuranceup until this point, now is definitely the time to start.

Term life insuranceexists to protect your loved ones against the loss of your income if you die. Typically, insurance providers calculate your “human life value” as a multiple of your salary and years you have left to work (or a percentage of what your partner earns if you stay at home). The human life value can act as a guide to find the right level of coverage to replace your financial contribution to your family. Premium costs depend on your age, health and lifestyle, but some of thecheapest term life insurance policiesare available for only a few hundred dollars per year.

Make a Parental Leave Plan

Some employers may provide paid or partially paid parental leave, but they are not required to do so by law. If you’ve worked at least 1,250 hours for your employer, held your position for at least 12 months and your company has at least 50 employees, you’re eligible for a leave of absence from your job for designated family and medical reasons through theFamily and Medical Leave Act(FMLA).

The FMLA entitles you to up to 12 weeks of unpaid leave with continuation of group health insurance coverage. Upon your return to work after you’ve taken FMLA leave, your employer is required to return you to the same or an equivalent job position.

Not all expectant parents qualify for FMLA, and that’s why it’s important to discuss it with your employer well in advance of your baby’s arrival. You may even wish to negotiate for extra time if you feel comfortable doing so. If your job doesn’t fall under FMLA guidelines, you may need to explore a combination of sick days, vacation days or disability insurance offerings to provide income while you take time away from work to welcome the newest member to the family.

Update Your Household Budget

Your budget for baby supplies depends a lot on your taste, baby’s needs, how much you have to spend and how much loot you’ll receive as gifts from family and friends. If this is your first time with a new little one, you need to know a little secret: Babies don’t need much to be happy. A clean bottom, a full belly and lots of cuddles usually do the trick. Consider the following when determining how to financially plan for a baby in your regular budget.

Disposable diapers cost an average of about$0.24 each. A newborn can easily go through 10 diapers a day. Plan on spending around $60-$80 per month on diapers and wipes, depending on the brand you use. For cloth diapering, budget about $100 per month for a delivery service, or a total cost of around $450 to purchase and wash reusable diapers yourself for baby’s first year.

Formula will cost about$100–125 per monthif you use it full-time, and specialized formula can cost even more. Breastfeeding is theoretically free, although many parents purchase nursing clothing, pillows, nipple cream and pumping supplies.

Clothes and toys can basically be as expensive or as cheap as you want, depending on your preference for used versus new items. You’ll most likely receive some of these items as gifts, so resist the urge to go overboard with buying these items until after the baby is born. If you use a baby registry, consider registering for big-ticket items such as car seats and strollers.

Think Ahead for Child Care

Pregnancy Money Moves: Financial Steps for Expecting and New Parents (3)

In 2019,70% of parentspaid more for child care than the government’s “affordable” threshold. For most families, the biggest new cost in the budget is child care (or the income adjustment of having a parent opt to stay home). Finding quality care and making ends meet is a serious challenge families face.

If you anticipate needing child care beyond what family members can provide, you should start researching options as soon as you see a positive pregnancy test or make arrangements for adoption. Daycare centers can fill up or keep a long waiting list, so acting early is always a good idea.

Families that can’t afford sky-high daycare fees often turn to a mix of family and alternative care arrangements. Grandparents are a popular source of care, with38% of grandparentstaking on a babysitter/daycare role. Home-based care centers often charge less than a commercial daycare. Some families also use a “nanny share” system, splitting costs (and care schedules) with another family.

Expert Advice On Financial Planning for Expectant Parents

Andrea Worochis a mom of two little ones (ages 3 and 1) and a nationally recognized family finance expert, writer and frequent on-air contributor to hundreds of shows across the country, including “Today,” “Good Morning America,” “Dr. Oz,” “CNN,” “Inside Edition” and “ABC World News.” Her advice and articles have appeared in the New York Times, USA Today, Money, Cosmopolitan, Redbook, Forbes, Yahoo! and many more.

Here are Andrea’s three top money moves new parents should make when welcoming a new baby.


Save for Emergencies

No matter how budget savvy you are, it’s impossible to predict every new expense or unexpected cost that will creep up when you have a new baby. For instance, extra babysitting services when you have to stay late at work or have an event over the weekend, formula when breastfeeding isn’t working, a trip to the ER in the middle of the night, or extra pediatrician visits and medicine.

Saving for the unexpected moments and unplanned bills will keep you from taking on debt or asking family and friends to borrow money — a position neither of you want to be in. Aim to put away 6 to 9 months of living expenses into a separate account. Remember, starting somewhere — anywhere — is helpful, so start saving small amounts by setting up automatic transfers to this account.


Create an Estate Plan

According’s 2019 survey, 57 percent of U.S. adults do not currently have estate planning documents such as a will or living trust. However, only one in five millennials have an estate plan in place. Without certain legal documents, things can become confusing, complicated and difficult for your family in the event of your unexpected passing. Not to mention, you need to select guardianship in case both you and your partner pass. These are not things you want to talk about but it’s very much something you have to address as a parent.

A site likeTrustandWill.comcan get you started. The site guides you through the process of selecting either a will or trust after you answer a brief survey. You can create a will in 10 minutes starting at $70 or create a trust in 15 minutes starting at $400 (with unlimited updates). The site has an in-house legal team and support available via live chat.


Don’t Overbuy Baby Gear

There are endless gadgets and gizmos that new parents think will make their lives easier, but it’s impossible to predict what your baby will like. Instead of buying these new, first ask friends and family who recently had children if you can borrow items such as a swing, jumper or bassinet.

If your family is hosting a baby shower for you, don’t load up your wishlist with gadgets that will end up collecting dust. It’s better for friends and family to present you with items you will actually need and use such as diapers, wipes and bottles. In fact, you can request gift cards toward one large ticket item like a crib or stroller/car seat instead.

Pregnancy Money Moves: Financial Steps for Expecting and New Parents (4)

Financial Steps After Your Baby Arrives

Congratulations on your new arrival! You’re probably feeling sleep-deprived, flooded with love for your newest family member and a little overwhelmed. You’ve got some important tasks to do to welcome your baby into the world. Take them step by step, and you’ll be back to cuddling before you know it. Here are some additional financial things to do when you have a baby.

Prepare Your Baby’s Paperwork

You should receive a birth certificate form to complete at the hospital. Make sure you give it to the nurse before discharge to avoid administrative headaches and possible late fees. If you have a home birth, your midwife or birth attendant may have the forms for you. If not, ask your pediatrician when you bring your newborn in for an exam in the first few days after birth

You can apply for your baby’sSocial Security numberin the hospital, too. If you forget, you’ll need to wait until you receive the birth certificate so you can prove your child’s age. A Social Security number is essential to claim a tax credit for your baby, open a bank account for your child, or apply for government services.

Planning to visit relatives outside the U.S. to introduce the newest member of the family? Your newborn needs a passport. Passports take up to 6 weeks to process, and you’ll need the birth certificate to apply. Allow yourself time before your trip, or be ready to pay to expedite birth certificate and passport processing.

Add Your Child to Your Health Insurance Plan

You typically have only 30 days after your child’s birth to add him or her to the plan, or you’ll forfeit coverage. The same generally holds true when you add a child to your family viaadoption. You can backdate the coverage to include your child’s birth, so the hospital stay and all eligible care received by baby should be covered. It’s important to check with your health insurance plan and make sure you understand what you need to do and when to ensure your child has health insurance from day one.

Set Up a College Fund

You may hesitate thinking about sending your baby off to college when he hasn’t even learned to roll over yet, but preparing for college early gives investments more time to grow. There are two main tax-advantagededucation savings accounts:The Coverdell Education Savings account and the 529 plan. A Coverdell Education Savings account limits contributions to $2,000 per year. A 529 plan, on the other hand, typically has a six-figure annual contribution limit (each state sets its own plan’s limit).

For a while, the advantage of a Coverdell account was the ability to use funds for early education, while the 529 plans only covered qualified higher education expenses. Recent laws have expanded how you can use 529 funds to include elementary, middle, and high school tuition as well as college.The Secure Act, which was passed by Congress in December 2019, also expanded eligible expenses to include apprenticeships and up to $10,000 of student loans. For any questions regarding college funds, always speak to your tax advisor for the final word on which plan is best for your family.

If your finances are stretched to the limit, this is one of the better plans to put on hold if you need to. You still have time to save for college if you start when your child is 2 or 3. Building an emergency fund can take priority over college savings.

When you’re ready to open a college fund, the easiest way to get started is to research your state’s 529 plan to learn how options work (each state except Wyoming has its own). You’re not required to open an account with your state’s plan, but many plans offer advantages for in-state residents. The best way to get started with a Coverdell account is to compare plan providers for options and fees.

Review and Update Your Beneficiaries

A beneficiary is someone who will inherit or receive something from you, most commonly a financial account or payout. Your life insurance and retirement accounts are common examples of financial accounts that require beneficiaries, and some people designate beneficiaries to inherit bank accounts or other assets as well. You may already have your spouse listed as a beneficiary, but it might also make sense to add your child as a contingent beneficiary or co-beneficiary. Again, it’s a good idea to talk with a qualified financial planner or attorney when it comes to setting up your estate.

Make a Plan for Returning to Work

Working versus staying home doesn’t determine whether you’re a “good” parent. We all want the best for our kids, and that often means facing tough decisions about household income, career advancement, and available time for family.

Adjusting work schedules can be one solution to minimize child care needs. Here’s an example: If you and your partner work 4-day weeks, with one of you home on Mondays and the other on Fridays, you can reduce your need for child care. You can also adjust daily schedules to work from 7:00 a.m. to 3:00 p.m. and 10:00 a.m. to 6:00 p.m. With a schedule like this, one parent can handle morning drop-offs to daycare and the other can handle pick-ups.

Telecommuting for part of your workweek is another viable option to explore with your employer.Remote work rates grew 159%between 2005 and 2017.

Staying on Track Financially as a Family

Pregnancy Money Moves: Financial Steps for Expecting and New Parents (5)

Financially preparing for a baby has several steps, and thecost of having a babyvaries depending on your own personal situation. Look to your little one for inspiration on how to tackle pregnancy and baby finances. She’ll meet her developmental milestones one step at a time, and you’ll meet your financial milestones the same way.

Start by identifying your top to-do items, such as:

  • Arrange health insurance coverage
  • Talk to your employer about family leave options
  • Find qualified daycare in budget
  • Write a will
  • Build an emergency fund
  • Reduce or eliminate debt
  • Research or purchase a life insurance policy
  • Update family budget

Still feeling unsure where to begin? Some pre-baby musts, like health insurance or maternity leave plans, should probably come before long-term priorities like opening a college fund. Once that’s handled, tackle the next step.

As your baby grows, take some time for you and your partner to reflect. How do you feel as new parents? Are you on the same page with bills and savings goals? Checking in even once a month can help you adjust your budget and plan the next steps. Before long, you’ll be in the swing of your “new normal” routine, building a secure home and financial foundation for your new family.

About Jessica Sillers

Pregnancy Money Moves: Financial Steps for Expecting and New Parents (6)

Jessica Sillers writes about finance, business, travel, and parenting for various businesses and publications. She lives with her family in the greater Washington, D.C. area. Learn more about her work at

Pregnancy Money Moves: Financial Steps for Expecting and New Parents (2024)


What financial step to take when having a baby? ›

How to Financially Prepare for a Baby in 9 Months
  • Month 1: Have a money talk with your partner. ...
  • Month 2: Create a new budget. ...
  • Month 3: Build your emergency fund. ...
  • Month 4: Check in on life and disability insurance. ...
  • Month 5: Make a plan for debt. ...
  • Month 6: Take a pulse on retirement and other financial goals.
Nov 2, 2022

What are the financial needs that must be provided by parents? ›

In conclusion, parents have many financial considerations to worry about with young children. Building an emergency fund, securing life and disability insurance, saving for college, and estate planning are all crucial steps in ensuring that your family is financially secure.

What to do financially when you find out you're pregnant? ›

Latest update:
  1. Sign up for health insurance before your baby is born.
  2. Look into the cost of prenatal services.
  3. Research your workplace's family leave policy.
  4. Find financial aid for you and your baby.
  5. Purchase life insurance and disability insurance.
  6. Check in on your financial accounts.
  7. Update (or write) your wills.

What are the financial responsibilities of having a child? ›

Child support is a legal obligation that a biological parent has for providing for the basic living expenses of a child: food, clothing, shelter, health care and education. It is a noncustodial parent's financial obligation to make monthly or periodic payments to a custodial parent.

What are the 7 baby steps to financial wealth? ›

Dave Ramsey's 7 Budgeting Baby Steps
  • Step 1: Start an Emergency Fund. ...
  • Step 2: Focus on Debts. ...
  • Step 3: Complete Your Emergency Fund. ...
  • Step 4: Save for Retirement. ...
  • Step 5: Save for College Funds. ...
  • Step 6: Pay Off Your House. ...
  • Step 7: Build Wealth.
Jun 1, 2023

How do I prepare financially for a newborn? ›

Are you financially prepared for a baby?
  1. Review your health insurance. ...
  2. Register early. ...
  3. Set up a baby account. ...
  4. Create a (new) budget. ...
  5. Start a 529 account. ...
  6. Purchase life insurance and create a will.

Can I get money from the government if I'm pregnant? ›

Temporary Assistance for Needy Families

Low-income families with children and pregnant women who are in the last three months of pregnancy are typically able to receive these benefits. Each state has specific eligibility requirements like with Medicaid.

How financially stable do you need to be to have a baby? ›

Birth an emergency fund before a baby. While you don't need tons of money sacked away to start trying for a kid, you should have an emergency fund ready to dip into once the baby arrives. “Having savings to cover three-to-six months of bills is recommended for everyone,” says KD Elizabeth.

How much money should I have saved before having a baby? ›

Whether you're planning to have a baby or not, it's a good idea to save about 20 percent of your income for future goals. And if you're planning for a baby, you might want to save a little more to help you through the first couple years.

How much money should you have when you have a child? ›

Have Enough Disposable Income. If $233,610 sounds like a lot, it's because it is. That amount breaks down to about $12,980 per year or $1,082 per month for one child from birth through age 17.

What is financial parenting? ›

Money parenting is the process of educating children on the financial and social responsibilities that come with money. It's a way for us parents to pass on our attitudes and beliefs about finance to our children in the hope that this will have an effect on their financial outcomes.

Are we financially responsible for our parents? ›

More than half of all U.S. states have filial responsibility laws that obligate adult children to support parents if they can't do it themselves. That support has to provide for parents' basic needs such as food, housing, and medical care.

What is financial responsibility to parents? ›

Filial responsibility is the legal term for the duty owed by an adult child to their parents for their parents' life necessities. It's commonly an issue when a parent is in need of long-term ​health care but is unable to pay for it.

What are 4 things parents are required to provide for their children? ›

A parent in the United States must meet their child's basic needs. This means that they give their child medical care, housing, education, and food.

What are 2 examples of financial needs? ›

Examples of "needs" include but aren't limited to:
  • Rent or mortgage payments.
  • Car payments.
  • Groceries.
  • Insurance and health care.
  • Minimum debt payments.
  • Utilities.
May 29, 2023

What are 3 steps to financial success? ›

10 Steps to Financial Success
  • Establish goals.
  • Take stock of your current financial situation.
  • Create a spending and savings plan.
  • Establish an emergency savings fund.
  • Invest diversely.
  • Make sure you're covered.
  • Establish a good credit history.
  • Delete your debt.

What are the first 4 steps to financial success? ›

4 Steps to Financial Success
  • Step 1: Know Your Numbers. Comparing your income to monthly payments will help you budget for savings. ...
  • Step 2: Protect What's Yours. Insurance is the best defense against the unexpected. ...
  • Step 3: Fund Your Future. How do you see your retirement? ...
  • Step 4: Build Your Wealth.

What are the 3 basic steps in money management? ›

Whether you're planning for yourself or for your whole family, there are three basic steps you can take to make the most of your money: One: create a budget. Two: set savings goals. And three: tackle your debts.

How much money does a baby need per month? ›

Monthly, you could safely plan on spending between $250 (no child care) and $1500 (with child care) a month on your baby.

Can I get a stimulus check if I'm pregnant? ›

According to Fortune, which spoke to a Democratic aide - yes! Expectant parents who have a child in 2021 will be able to request a payment for the dependent, it just won't arrive until 2022 since they will need to claim the newborn using the Recovery Rebate Credit, which gets filed with their 2021 taxes.

What benefits can I get after having a baby? ›

What can I claim when I have a child?
  • Child Benefit. ...
  • Universal Credit. ...
  • Child Tax Credit. ...
  • Income Support. ...
  • Housing Benefit. ...
  • Council Tax Reduction. ...
  • Sure Start Maternity Grant. ...
  • Healthy Start Scheme.
Feb 20, 2023

How much does it cost to have a baby? ›

Average childbirth costs
Average cost of childbirthAverage out-of-pocket cost for health insurance plan members
Vaginal delivery$14,768$2,655
Source: Peterson-KFF Health System Tracker, 2022. Costs are based on large group health insurance plans.
Mar 1, 2023

How much should a single mom have in savings? ›

Focus on your emergency savings

When single parents are in survival mode, they often forget about a crucial part of their savings: their emergency fund. Every emergency fund should have three to six months of basic living expenses (housing, food, bills, etc.) put away for that rainy day.

What is a good monthly income for a family of 4? ›

(Cases Filed Between May 1, 2019 and October 31, 2019, Inclusive)
51 more rows
May 1, 2019

What is the role of a father financially? ›

Basic Needs- food, water, clothing, housing. Health care- insurance for family/dependents. Child care and Education- day care, tuition, educational materials, transportation. Future Security- college tuition, retirement, will or testament to family, life insurance.

How can a single parent be financially? ›

Financial planning steps for single parents
  1. Make a family budget. Making ends meet as a single parent can be difficult. ...
  2. Understand single parent tax benefits. ...
  3. Start an emergency fund. ...
  4. Plan for health costs. ...
  5. Purchase life insurance. ...
  6. Control your credit card use. ...
  7. Make an estate plan. ...
  8. Consult a professional.
Jun 14, 2023

What is the financial value of a stay at home parent? ›

Know the financial power you bring to the family

The Mom Salary Survey estimated the average annual value of a stay-at-home parent as $178,201. Attaching a financial value to your household contributions as a primary caregiver is important.

What parents are not responsible for? ›

What You Are Not Responsible For:
  • Making Sure Your Kids Are Always Happy. Don't get me wrong—it's good for your kids to be happy overall. ...
  • Getting the Approval of Others. ...
  • Controlling Your Children. ...
  • Doing for Your Children What They Are Capable of Doing for Themselves. ...
  • You Don't Have to be Superman or Wonder Woman.

When parents favor one child financially? ›

When parents play favorites by giving one young adult child more money than the other, the whole family may lose out. That's because such favoritism can make for bad sibling relationships later on, new research finds.

Should children give money to parents? ›

Giving money to your parents only makes sense if it affects your current lifestyle. It's not a good idea if it would reduce your future lifestyle. Reducing your retirement contributions will cost you much more than getting takeout less frequently, since a dollar in a retirement account grows tax-free.

How much money should you have saved before having a baby? ›

Whether you're planning to have a baby or not, it's a good idea to save about 20 percent of your income for future goals. And if you're planning for a baby, you might want to save a little more to help you through the first couple years.

How much money should you have saved before you have a child? ›

Having adequate savings can set your new family up for financial success. Usually, this takes the form of an emergency fund, which financial experts suggest should consist of anywhere between three to six months of living expenses. Add a baby into the equation and that can be more than you needed before.

How to financially afford a baby? ›

Before Labor and Before Delivery
  1. Ask the People You Work With and Family/Friends. ...
  2. Study Your Current Health Insurance Coverage. ...
  3. Call a Doctor. ...
  4. Save Up. ...
  5. Reduce Your Excess Debt. ...
  6. Start a Baby Budget. ...
  7. The Waiting Game. ...
  8. Friends and Family Plan.
Oct 18, 2022

How much does a baby cost financially? ›

For newborns, the cost is higher. Some studies show numbers ranging from $20,000 to $50,000 for the child's first year of life, depending on location and household income. Beyond the general items, like a stroller, crib, or car seat, here are some estimates of what you can expect to shell out in your baby's first year.

What age is the healthiest to have a baby? ›

Experts say the best time to get pregnant is between your late 20s and early 30s. This age range is associated with the best outcomes for both you and your baby. One study pinpointed the ideal age to give birth to a first child as 30.5. Your age is just one factor that should go into your decision to get pregnant.

How much should I save for maternity leave? ›

With 6 months to go, you will want to be saving about $1,200.00 a month, or $600.00 each pay period. If you have a partner, you'll want to be sure to look into their options for leave as well, and add those benefits into the mix as you look at how much you'll need to save.

How much do you have to make a year to afford a child? ›

Separately, LendingTree researchers estimated that basic costs for raising a child in the U.S. equal $20,152 annually according to data collected in 2021 and those numbers are unsurprisingly also trending upward.


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