Reviewed by Shanika Libert, Newborn Care SpecialistShanika LibertNewborn Care SpecialistSpecialty: Newborn care and YogaExperience: 12 years
Shanika Libert has over 12 years of experience as a newborn care specialist. She supports new parents with her expertise in nurturing newborns and promoting their holistic wellness. In addition, she is a 200-hour Registered Yoga Teacher, a testament to her holistic approach to caregiving.
Written by Dr. Ritika Shah, BDS, CLC dr. ritika shahBDS, CLCSpecialty: Dental and General Health, LactationExperience: 10 years
Dr. Ritika Shah is a certified lactation counsellor (CLC) from iNational Health Care Academy, Singapore and a dental surgeon with more than seven years of clinical experience across various cities in India. She did her graduation in Dentistry from KM Shah Dental College.
Edited by Rebecca Malachi, BSc rebecca malachiBScSpecialty: Pregnancy, Health and WellnessExperience: 12 years
Rebecca is a pregnancy writer and editor with a passion for delivering research-based and engaging content in areas of fertility, pregnancy, birth, and post-pregnancy. She did her graduation in Biotechnology and Genetics from Loyola Academy, Osmania University and obtained a certification in ‘Nutrition and Lifestyle in Pregnancy’ from Ludwig Maximilian University of Munich (LMU).
The monthly budget for a baby can vary based on several factors, such as location, lifestyle, and individual needs. On average, however, parents can expect to spend between $1000 and $2500 monthly during the first year of the baby's life.
2. How much money should I save before having a baby?
Determining how much money to save before having a baby involves various factors, such as healthcare expenses, childcare costs, and potential loss of income during parental leave. The US Department of Agriculture estimates that raising a child from birth to age 18 averages around $233,610, excluding college expenses (1). It's advisable to have an emergency fund covering at least three to six months' living expenses to handle unexpected costs.
3. How much do diapers cost per month?
The monthly expenditure on diapers may fluctuate depending on the preferred type. Disposable diapers generally cost $150 to $275 per month, while diaper services typically range from $125 to $200 monthly. For those opting for cloth diapers, an initial investment averaging between $150 and $350 is required for diapers and associated accessories (2).
4. How much does having a baby in the US cost without insurance?
In the United States, the cost of having a baby without insurance can vary widely depending on factors such as the type of delivery, location, and any complications that may arise during pregnancy or childbirth. According to data from the Peterson-Kaiser Family Foundation, the average cost of pregnancy, birth, and postpartum care for women enrolled in large group health insurance plans is $18,865, with an average out-of-pocket payment of $2,854 (3). It's important to note that without health insurance coverage, individuals can expect substantially higher costs as they would be responsible for covering their medical expenses during pregnancy.
References
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