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What's the Average cost for a new Baby

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LIF Adolescent

Member since 5/05

703 total posts

Name:

What's the Average cost for a new Baby

My Hubby and I are talking about TTC and I was curious about what's the average on how much things cost for a new baby: diapers, formula, etc? Chat Icon

TIA

*I just also wanted to add - I hope I didn't sound rude asking this -- I just want to make sure we are financially ready.

Posted 5/19/06 11:02 AM
 
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Texas4Good
My Boys

Member since 6/05

1019 total posts

Name:
Anne

Re: What's the Average cost for a new Baby

Gosh, sorry I can't be of help. We just go with the flow...never really made a budget to fit the baby. You just make it work and the first year, you will have people giving you things, the shower, ect...that gets you a jump start. If you BF your baby, it can make things quite affordable, because no need to buy formula. Now a days with Costco or Sam's, you can buy in bulk for diapers, formula and wipes ... that helps with cost. Good luck!

Posted 5/19/06 11:15 AM
 

DaniMo
LIF Infant

Member since 5/06

341 total posts

Name:
Danielle

Re: What's the Average cost for a new Baby

ITA with the above poster, but thought I'd add what we pay for some of the items i know of offhand:

Formula: we now use RTF, at $4.19 each (Walmart used to be cheaper but not anymore!). I buy 10 a week.

Diapers: the jumbo boxes from Walmart of around 120 are about 24.99 each. I use coupons from Pampers.com, so I save a dollar. That one dollar adds up though! We get a new box about every 2 - 3 weeks.

Food -- veggies & fruit are around 1.09 each when not on sale & without coupons. We buy about 25 per week.

Daycare -- about $1000 per month.

If we waited until we were *truly* financially ready, we'd still be waiting. We've just kind of made it work.

HTH!!

Posted 5/19/06 11:30 AM
 

BrunetteMom
LIF Adult

Member since 8/05

1480 total posts

Name:

Re: What's the Average cost for a new Baby

I don't think that anyone is ever truly ready and putting a pricetag on what the costs will be is difficult.. I do think that everything just falls in place somehow.

Posted 5/19/06 11:33 AM
 

JennyGirl
LIF Adolescent

Member since 4/06

606 total posts

Name:
Jennifer

Re: What's the Average cost for a new Baby

It is expensive, but I spend the most money on unnecessary things... sometimes I can't resist a cute outfit or new toy, etc.

Posted 5/19/06 11:38 AM
 

BabyAvocado
Happy New Year

Member since 5/05

17334 total posts

Name:

Re: What's the Average cost for a new Baby

I don't find it difficult to put a price tag on it at all...well, the basics. We keep a budget of around $300/mo for the baby (not including childcare)

Formula - Ready to Feed (RTF) is what we use but powder is cheaper. That's around $120/mo without coupons

Diapers - I buy the largest box @ approx $30 for 150 diapers. I have to stock the sitter to so I spend around $60/mo

Wipes - safe estimate $25/mo

Healthcare - approx $15/mo in insurance co-pays (more in the beginning)

Clothes & toys make up the rest.

Daycare (center) - $1200/mo and up; you can save by using in-home child care (a friend, neighbor or relative to watch the baby)

Of course there are always unexpected things that come up - baby gets sick and needs medicine, you want a sitter for a night out, etc. ($10/hr) But those are the basics.

Posted 5/19/06 11:41 AM
 

BrunetteMom
LIF Adult

Member since 8/05

1480 total posts

Name:

Re: What's the Average cost for a new Baby

Posted by JennyGirl

It is expensive, but I spend the most money on unnecessary things... sometimes I can't resist a cute outfit or new toy, etc.



Same here. that's why for me it's hard to put a pricetag on it. I've never been the type to say "no, I can't buy ___ because it's not in the budget of what I had alloted on spending this month" and all kids needs are different.

Posted 5/19/06 11:44 AM
 
 

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