Couples facing fertility treatment often think about the out-of-pocket costs associated with becoming pregnant. However, they may not consider the expected costs after pregnancy. Understanding your needs after pregnancy and what the baby will need can help build your financial plan.
Expected costs after pregnancy include:
One of the largest categories of spending for new parents is that of child care. If one partner will be staying home after the child’s arrival, be sure to understand how bills will continue to be paid on one salary. If both parents will continue to work, it is important to understand child care costs in your area. There are a number of child care options including grandparents, nannies, in home child care, a child care center located in a home or center-based child care. It is important to fully understand how much child care costs in your area and how those fees will impact your budget.
Although nurseries can be very cute, you don’t have to remodel a room for your new arrival. Basics include a crib, changing table, and a rocking chair. For safety reasons, cribs should be purchased new. Changing tables and rocking chairs can be found at resale shops at a great price.
Car seats are a must have. In fact, your baby can not leave the hospital without one. There are a number of models available at every price point. Look for features that are important to you in seats that will work in your vehicle. It’s important to remember that all car seats must adhere to the same safety standards regardless of their price point.
It can be so tempting to load up on tiny baby clothes. Babies grow so fast that a large wardrobe will often go unworn. Focus on basics such as gowns, onesies, and sleep-and-plays that are good for everyday use.
The New Hope Fertility Centers offers a number of resources for individuals who are planning their family. For assistance with fertility concerns, contact New Hope Fertility Center. Please click the link below to enter your information and New Hope will contact you, or simply call 212-517-7676. Thank you.