Tuesday, September 10, 2019

Budgeting As A First Time Mama

Have you got a bun in the oven? How much is it going to cost when it comes out? And are you always
going to be able to cover the costs to make sure your little bun is fed, clothed, and kept warm? Don’t
worry, it’s something every single new parent out there gets worried about, so you’re definitely not

But if you’re about to be a first-time mama, and you’re getting worried about the cost of a baby, this
post is here to soothe you a little! Budgeting can be hard to do as a parent, even when there’s two
of you, but it’s definitely possible when you know what you’re doing. 

And so, here’s just a couple of things you’ll need to think about when crafting your very own budget -
it’s something that’s highly personalized, so make sure you only use these points as a general guide! 

First, Think in the Long Term

You’re going to be providing for your baby for at least the next 18 years of their life, and that means
you’re going to have to think in the long term first of all. You want to be sure you can provide for that
length of time, to make sure your child always has a safe and healthy base to come back to, even
when they’re moving into adulthood and making their own way in the world. 

Of course, this is a long way away for the time being, but it definitely bears thinking about. On average,
a baby can cost well over $200,000 during these early and adolescent years; do you think you’ll have
the funding on hand to make sure they’re covered for that whole period? Because you might need to
operate on a very strict budget otherwise; to get a ballpark figure, take a look at what you spend on a
yearly basis now, and then factor in that sort of number alongside your average expenses for the next
18 years. 

It May Take Hundreds to Cover Your Weekly Costs

And then you can look at the weekly costs. Newborn babies have a lot of needs, and those needs can
get very expensive, even on a 7-day basis; you’re going to need plenty of newborn diapers on hand at

And if you’re planning to breastfeed for a good while yet, which cuts back on the amount you’ll be
needing to spend on formula, you’ll probably need to invest in a breast pump. These can cost upwards
of $60, even on a cheaper budget, and who knows how long one will last for? So, think about the
quantities of items you’ll need, and the kind of schedule you’ll need to buy them on - in general, try to
bulk buy to keep the cost down. This is a good basis for working out your weekly budget with a new
baby in the house! 

If you’re about to be a first-time mama, don’t sweat too much! Just prepare! 

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