We all know that having a baby is expensive and raising one even more so. Everyone is always talking about how much babies cost and how expensive kids are in general. But, how much does it really cost to have a baby? Today we are going to try to get a better look at this very important subject, and dig a little deeper into what the costs really are of having a baby. Claim Your 20 Free Pregnancy Tests – Click Here
It all begins with pregnancy. Prenatal care is very important, but also, very expensive. There are, at the beginning, pregnancy tests and prenatal vitamins. Then come doctor’s visits, tests, and ultrasounds. If you have a high risk pregnancy, you will need more doctor’s visits than a woman with a “normal” pregnancy, and probably more ultrasounds and blood work, etc. as well.
This translates into, of course, more money spent. Of course, depending on whether or not you have health insurance, what your health insurance covers, and what type of doctor you decide to see during your pregnancy, your costs can vary greatly. If you are uninsured, you can probably plan to spend at least $2500 on prenatal care.
Oh, babies! They need SO much stuff! From maternity clothes for mom, to diapers and formula, the costs can be outrageous when it comes to buying for baby. Just the sheer amount of “stuff” that you need to welcome a baby can be overwhelming. Cribs, swings, changing tables, clothes, car seats, strollers… Shew! It is enough to make your head spin.
Of course, this is another area that can run the gamut from pretty darn cheap (buying used, hand me downs, breastfeeding and using cloth diapers are all great ways to lower the costs of bringing home baby) to blow your mind expensive ($1000 strollers and $5000 cribs are all the rage in some places). It just depends on what you feel like is the best option for your family. However, no matter how much money you decide to spend (or not to spend), it is a fact that babies need a lot of stuff.
The hospital stay for labor and delivery is by far the most expensive cost for having a baby for most women. Of course, all hospital stays are expensive these days, and depending on insurance providers, costs for labor and delivery can vary greatly between women. If you have an uncomplicated vaginal delivery, your costs will be less (average of around $10,000) than a woman who has a complicated delivery, emergency C-section, and week long hospital recovery (sometimes $25,000 and even more!).
Of course, that is nothing that you can control, so hospital costs are something that you usually just have to suck up and deal with. Insurance sometimes covers the brunt of hospital costs, but if you don’t have insurance, you can usually get a big discount for being a self pay patient. There are also almost always payment plans available for hospital bills.
As you can see, having a baby is pretty darn expensive. Some surveys say that parents average around $15,000 in costs during their baby’s first year of life, and that is not even counting hospital costs for labor and delivery. But, keep in mind that having a baby is just like any other “purchase” – there are many ways to save money and cut corners, or you can go all out and spend the big bucks, whichever you prefer.