Sorry if the title is a tad misleading, but no, I ain’t no mama yet! Though one day I would like to be. This got me wondering about the cost of raising kids, and why we millennials are never really taught about those kind of expenses. Also, the majority of our generation isn’t super focused on having kids “right now”.
Many of our parents had us in their mid-twenties, while their parents had kids even younger. Starting a family used to be top priority, but today it’s seen as more of a relaxed choice.
For my June Challenge, I wanted to do a little research and find out how much it would cost to take care of a baby for just one month. I decided to focus on newborn finances instead of an older kid because that first month has probably the steepest learning curve. So here is what I found out.
Did ya’ll know that those kewt, tiny babies can be serious poop machines?! They can go through 10-15 diapers a DAY for the first month!!! Good lawd!
On a trip to Walmart (cuz you all know you’ve been to one), I found a Super Pack of Swaddlers Diapers for $29.97 + tax. It contained 70 diapers, but since we know a baby can blast through 10 a day, that pack would be gone in less than a week! This means that you would at least need a minimum of four packs of these bad boys to sustain you for one month. That comes out to $119.88 + tax, JUST. FOR. POOP!!!!
Many people throw baby showers and receive oodles of adorbs baby outfits as gifts. I’ve run this challenge off the idea of not having a shower, since there are people who opt out of them or just don’t have one, for various reasons.
Personally when it comes to clothes I’m probably going to frequent thrift stores since my little bundle of joy is going to grow like a weed. Since there are people who do buy their precious some sweet duds, I did a little online shopping.
I figured since I would be birthing a poop monster, they would need a onesie for every day of the week, at least two sets of PJs, four pairs of pants (did I mention they poop?!) and four shirts #minimalistlifestyle.
After shopping around on a couple of sites like Walmart, Carter’s, Old Navy and Target, I was able to keep my total to under $200 bucks. This still doesn’t take into account of the vomit, snot, and general mess that comes with a baby. So $200 for a haul of clothes that would be out of commission almost instantly is ludicrous!
Not everyone breastfeeds their babies. That’s just a basic fact. Not all babies can have breast milk (allergies are just one example) and not all mothers can produce it. This means that formula can be crucial to a baby’s growth.
I never realized how gosh darn complicated formula is. Depending on how much your baby weighs it can vary how much formula you give them. According to BabyCentre.com, they suggest you give your baby 2.5 ounces of formula for every pound of body weight. They also mention that it varies whether the child is hungry or not. Some days they’ll want more, some days they’ll want less.
Consider the following:
Month 1: a 7-pounder bundle of joy, means 17.5 ounces of formula per day, which is $1.58 per day, totalling $47.89.
To be honest this isn’t too bad compared to the other expenses that have already been racked up.
I literally could go on and on regarding expenses for a newborn, but I’m going to stop here. The reason that I’m stopping is that this would pretty much become a full-fledged novel and you probably don’t have time to read it. Or you could find a million better ones in any book store.
With just these very basic items as key examples, I think you get the gist that having a baby is definitely expensive. For my challenge I wanted to become better informed on what financial expenses new parents have to face and what research is needed before I take that step.
If I do decide to have kids soon, I’m very lucky to have the internet at my fingertips. All I have to do is Google cheap kids’ clothing or go on Kijiji and find a car seat or hop on over to the Bunz Trading Zone to get a cute, secondhand pram. My parents really didn’t have that option and neither did theirs.
After doing the research I now know that saving up for a family is definitely something I want to start doing ASAP. If you are thinking about becoming a parent I HIGHLY suggest you start saving too!