Adding up all the baby costs is depressing

[Ashley&Scott]

M & I both hit our OOP max this year too, that's $6k...eeek!

[cjeanette]

I would like to tell you it gets better.............

[cjeanette]

Oct 10, 2012 15:41:32 GMT -5 @msstarry said:

Oct 10, 2012 15:39:53 GMT -5 cjeanette said:

I would like to tell you it gets better.............

oh I know... I don't have to like it though! She seems worth it so far though

I only threaten to sell my kids on Ebay a few times a year ;D

[hocus]

I'm a take it on directly sort of girl.

Get a budget made, know where you stand. Budget for X in fun baby stuff. Better to know that your X=$20 now then to spend $200 and make yourself tighter elsewhere.

I spend a fortune on my kids. Very little of it is truly needed (maybe $200-$300 a month tops and I have 2 in diapers). but if things were getting really tights I'd cut back ASAP.

I'd also plan on recouping some of your spending on ebay. Good clothing lots sell well.

[bunch]

Thank goodness they're cute!

40 k in the first year grumble, grumble grumble...

[whitepicketfence]

Yeah, kids are expensive. I thought it would get better when we didn't have to buy formula anymore and now that we only have one in diapers, but it hasn't. Even though those costs have gone down significantly, other costs have gone up. I try not to think about it aside from sticking to our budget.

I've been researching daycare centers in case I end up getting this job and I now have a case of sticker shock. Even though we'd be able to afford it, the cost is still staggering to think about.

[drloretta]

Ha, don't even ask me about adoption fees. It would blow your mind.

[Deleted]

Yeah, it's a hard pill to swallow at first... only working p/t instead of f/t plus just private school tuition, summer nanny & tutoring is running us over $70K/yr but we're used to it now. I try not to even think how comfortable (rich to us) we'd be if we never had kids...lol.

[Deleted]

Oct 10, 2012 16:09:30 GMT -5 bunch said:

Thank goodness they're cute!

I say this all the damn time

[Deleted]

Oct 11, 2012 7:38:10 GMT -5 @barefootbarista said:

Damn y'all, don't flame me but I don't think BabyB has been all that expensive.

I agree with this statement. The first yr was a hit b/c we had to buy all the baby items. No help from friends and family. But seriously our "expense" is just the $1k per month for DC. I mean it is still a lot of money but it goes down each yr.

[chessie]

Posts like this make me worried, but I like hearing the actual truth. Adds to my list of more baby fund needed. Just went from 5k to 15k savings goal for sure now.

[Deleted]

We have been vet very fortunate. Childcare is a family member = free Formula = free due to a medical condition. We mostly spend on babyproofing, co pays ( Between the two of us we had 200.00 in copayd the first 8 weeks not including the 500 for the birth. ) medication ( 60.00 a month) & baby food ( I could make this but when I do he refuses to eat & will only eat the store bought.)

[CloudBee]

Oct 10, 2012 16:09:30 GMT -5 bunch said:

Thank goodness they're cute!

40 k in the first year grumble, grumble grumble...

What did you spend 40k on?

[CloudBee]

Oct 11, 2012 17:16:42 GMT -5 c7 said:

Birth under $500? Holy cow! E's birth was $20k+

I paid $10 for my first pg visit at 6 weeks, and that covers all subsequent visits related to the pg. All of my ultrasounds are at an in-network hospital and covered at 100%. Same goes for delivery with an in-network OB practice. No deductible or OOP fees for anything in-network.

What's the saying on here? My baby will cost less than a pizza?

$10 total for all pg OB visits + labor & delivery.

The pedi visit for the baby at the hospital is also covered in full because it's a hospital visit, not an office visit.

I couldn't be more thankful, and know one day I won't have benefits this amazing.

[bunch]

6k on birth costs and the rest on my lost income (which is being conservative, not that it was high).

[hannamaren]

I think the biggest cost for me is lost income.
When I go back to work, the incomewill be back, but the nanny cost will even it out.
Luckily most of her clothes and toys and even furniture are gifts.

MIL is standing by for an idea for a big ticket item for the first birthday. I told her she needs boots. mIL wants a bigger item.

[arch01]

We don't save for DS' college (other priorities right now), but we've been lucky... we spend $50 or less on DS a month. that's our budgeted amount and we stick to it. Of course this doesn't include DC, but we've made sacrifices in other areas. In the end, it hasn't been a big burden to us and it's worth it.

[Deleted]

Those people saving $1K/month just like to talk to each other; that is NOT the norm.

DS was cheap and I have awesome benefits. We had a kid just as our incomes were increasing. So we never really got to enjoy that, but we never got used to it so we haven't had to cut back. I really don't buy him much, and daycare is cheap here. I still don't want to add up what I've spent over the past 17 months (now that we use Mint, I actually know what the number is lately).

[atouchofklasse]

Oct 11, 2012 20:57:13 GMT -5 @tokenhoser said:

Those people saving $1K/month just like to talk to each other; that is NOT the norm.
).

I'm not saving $1K/month, but I think your comment is pretty rude.

When there's a poll about how much is being saved for college per month, people answer. It's not like those saving that much sit around talking about how much greater they are than everyone else.

[Deleted]

The answers a post gets is greatly influenced by the first couple of answers.

I just posted a poll. Let the anonymous votes decide who is rude and who is delusional.

[atouchofklasse]

Those of us on smartphones or iPads can't see the poll.