Baby Cost - Baby Cost Calculator, Maternity Costs, Diapers and Formula Costs, Prenatal Costs

Baby Cost Calculator

Not everybody is ready to have a baby and while most people view this in terms of physical and emotional maturity, there is also a need to look at parenthood from a financial point of view. Today, the financial cost of having a baby is something that may well cause some young couples to think twice. It is also one of the main reasons why many women put off having a baby for later.

While most of the cost of having a baby is upfront, there are also several hidden costs which may not seem very apparent immediately but can be a lot when they are added to the upfront cost. In fact the cost doesn’t decrease as your baby grows. These costs will keep increasing and piling as your baby grows and becomes an adult.

However, if you are planning to have a baby, you just have to worry about the initial costs of the babyhood. Here’s a breakdown of what costs you should expect to incur.

Prenatal Costs

If you have health insurance, you may not have to worry about most of the medical expenditures. For a normal vaginal delivery, today the medical bill can be anywhere between $5,000 to $10,000 US Dollars. However, if there is the need for a C-section, you can easily add about $2,000 to the existing bill. On top of that, there will be expenses for ultrasounds, medicines, and other miscellaneous charges that the hospitals levy.

If you have a premature delivery, the costs may run uphill. The cost of stay and the medical intervention during any health problems or complications can run up to $200,000.

Maternity Leave

If you are taking time off from work to have a baby, you have to add the loss of income to your expenditure. Most women take about three months of leave to take care of their child.

Diapers and Formula Costs

When you calculate the baby cost monthly, the expenditure on diapers and formula will be on top of the list. An infant can use up about three to four hundred diapers a month. Formula and milk costs can also run up to $150 per month. You can keep a diary so that you can keep an account of the average baby cost monthly as this will help you to plan your finances.

To calculate the average baby cost, monthly expenditure on visits to the doctor and immunization should also be added. You can create your own baby cost calculator to keep a tab on your baby monthly expenditure, as this will also help you to plan outings and vacations