We Had a Baby!
We Had a Baby!
Babies are expensive! My husband and I just had our first baby this year and while we did a good job of buying on sale and thrifting, it still adds up. My advice is to plan for items they might need a year in advance, as once you have the baby, you will need more diapers, clothes, and baby gadgets than you think. Once you learn of your pregnancy, use those nine months to plan, set aside money, and readjust your budget for when the baby is born.
MilSpouse Money
Mission Response:
Congratulations on your first child! Welcome to parenthood and, yes, the realization of how expensive children can be. You bring up a great tip to pass along so others are not as overwhelmed. Get started early and plan during those pregnancy months! Your spending plan will be impacted, so here is a worksheet to help you start thinking through some potential changes. Know that you are not alone as you prepare for your new child’s arrival. You may want to listen to another spouse share some resources she wished she had known about early on in this short video.
Visit the New Child milestone for a more in-depth look at how to plan for all the financial changes a new child can bring.
