Comments on: A New Child Means Lots of New Expenses http://www.thesunsfinancialdiary.com/personal-finance/child-means-lots-expenses/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: EllenLangley25http://www.thesunsfinancialdiary.com/personal-finance/child-means-lots-expenses/#comment-64606 EllenLangley25 Sat, 02 Jul 2011 14:13:58 +0000 http://www.thesunsfinancialdiary.com/?p=4840#comment-64606 I propose not to wait until you earn big sum of money to buy goods! You should take the credit loans or just financial loan and feel yourself free I propose not to wait until you earn big sum of money to buy goods! You should take the credit loans or just financial loan and feel yourself free

]]> By: Mandi @ Organizing Your Wayhttp://www.thesunsfinancialdiary.com/personal-finance/child-means-lots-expenses/#comment-62654 Mandi @ Organizing Your Way Thu, 20 May 2010 09:29:16 +0000 http://www.thesunsfinancialdiary.com/?p=4840#comment-62654 While there's definitely value in planning for the expenses for a new child, I think it can have negative side too when it causes you to put off having children because of the cost associated. So many people wait until "the perfect time" financially only to regret their decision to delay having children (while others may not).We've had to stretch our budget & do things differently to "afford" our four girls, and right now it means that we're not saving toward their college education, but that's a conscious decision we've made, and I wouldn't change having them even if I could! While there’s definitely value in planning for the expenses for a new child, I think it can have negative side too when it causes you to put off having children because of the cost associated. So many people wait until “the perfect time” financially only to regret their decision to delay having children (while others may not).

We’ve had to stretch our budget & do things differently to “afford” our four girls, and right now it means that we’re not saving toward their college education, but that’s a conscious decision we’ve made, and I wouldn’t change having them even if I could!

]]> By: Juliehttp://www.thesunsfinancialdiary.com/personal-finance/child-means-lots-expenses/#comment-62640 Julie Wed, 19 May 2010 13:31:52 +0000 http://www.thesunsfinancialdiary.com/?p=4840#comment-62640 I wouldn't discount a clothing budget. I just had a second baby girl too. She was born at the end of March. My older daughter is about 18 months older and born in September. Right now, she is able to wear her sister's hand-me-downs, but I anticipate that I will need to buy winter clothes for her as I don't think it would be great to give her t-shirts when it is below freezing outside. You also can't assume that your children will be built the same. My first was VERY chubby. This baby, at 7 weeks old, weighs more but is more long and lean. This means she is outgrowing some of her sister's clothes by length at a crazy pace. At this rate, she will be into her sister's sweaters and overalls in the middle of summer!For completeness, you might want to take into account the extra utility bills with a new baby. I have to do a wash every day from the multiple changes baby & I have had to have when she spits up all over everything. Also, the heat/AC will have to be on during the day more as I am home with the baby. For example, we usually use a programmable thermostat to change the temperature 7 degrees cooler than we want it to be in the winter, but that won't fly if someone's home.Also, you might want to factor in diapers and disposable nursing pads. And what about baby food? That will be needed for about 6 months of the baby's first year.I assume that your wife has a pump if she is going back to work. You might want to make sure it is still functioning well. Also, she will need breastmilk storage of some kind, right? That's yet another expense.What about bottles/nipples? These things wear out so I wouldn't assume that you are completely going to rely on what you bought for your older daughter. Do you still have a new bottle brush to wash the bottles?There are probably a few things I missed, but I have to run and feed my baby now. I wouldn’t discount a clothing budget. I just had a second baby girl too. She was born at the end of March. My older daughter is about 18 months older and born in September. Right now, she is able to wear her sister’s hand-me-downs, but I anticipate that I will need to buy winter clothes for her as I don’t think it would be great to give her t-shirts when it is below freezing outside. You also can’t assume that your children will be built the same. My first was VERY chubby. This baby, at 7 weeks old, weighs more but is more long and lean. This means she is outgrowing some of her sister’s clothes by length at a crazy pace. At this rate, she will be into her sister’s sweaters and overalls in the middle of summer!

For completeness, you might want to take into account the extra utility bills with a new baby. I have to do a wash every day from the multiple changes baby & I have had to have when she spits up all over everything. Also, the heat/AC will have to be on during the day more as I am home with the baby. For example, we usually use a programmable thermostat to change the temperature 7 degrees cooler than we want it to be in the winter, but that won’t fly if someone’s home.

Also, you might want to factor in diapers and disposable nursing pads. And what about baby food? That will be needed for about 6 months of the baby’s first year.

I assume that your wife has a pump if she is going back to work. You might want to make sure it is still functioning well. Also, she will need breastmilk storage of some kind, right? That’s yet another expense.

What about bottles/nipples? These things wear out so I wouldn’t assume that you are completely going to rely on what you bought for your older daughter. Do you still have a new bottle brush to wash the bottles?

There are probably a few things I missed, but I have to run and feed my baby now.

]]> By: Davidhttp://www.thesunsfinancialdiary.com/personal-finance/child-means-lots-expenses/#comment-62639 David Tue, 18 May 2010 21:41:41 +0000 http://www.thesunsfinancialdiary.com/?p=4840#comment-62639 Good point! There's another $1,000 a month! Good point! There’s another $1,000 a month!

]]> By: Amyhttp://www.thesunsfinancialdiary.com/personal-finance/child-means-lots-expenses/#comment-62637 Amy Tue, 18 May 2010 14:43:13 +0000 http://www.thesunsfinancialdiary.com/?p=4840#comment-62637 If your wife is going back to work in 3 months you will need to account for daycare. I expect care for a newborn to be astronimical. If your wife is going back to work in 3 months you will need to account for daycare. I expect care for a newborn to be astronimical.

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