Kids can be expensive; the cost of childcare alone is pretty steep. If you’re thinking about having children, prepare for the financial hit with a “baby budget.”


Over at Business Insider, Matt Becker of Mom and Dad Money suggests living on a pared-down budget before the baby comes.

Becker suggests using a baby costs calculator to estimate costs and plan for any change in income during work leave and promptly start living on your new budget during the pregnancy.


We’ve recommended a similar approach when it comes to student loan payments. The idea is that you get used to living with a certain budget, and you can also sock away the mock expenses in a savings account to help you prepare. For more detail, check out the full post at the link below.

2 reasons why you should be living on a ‘baby budget’ long before your due date | Business Insider

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