You’re Having a Baby! But How Do You Prepare Financially?
You’re excited, nervous, and trying to figure out what to expect. You’ve learned a few new swaddling methods, painted the nursery, and picked out names.
It’s always in the back of your mind: between delivery costs, baby gear, childcare, and potentially reduced income, you know there are costs involved. While you know it’ll all work out (it will), it would be nice to feel a little more in control of the money side of parenthood.
We Started Our Budget While at the Hospital Having a Baby
Jessica and Ryan are both teachers raising a family. They made enough money to get by, but didn’t have a lot leftover. They started using YNAB while Jessica was delivering their third child, and since that fateful day they’ve been able to pay off debt, renovate their house in cash, and make date nights out a regular part of their schedule.
Here’s How It Works
1. Create a Budget in YNAB
We have free workshops and resources to get you budgeting in no time.
2. Prioritize Your Money
Use your budget to make spending decisions with confidence.
3. Welcome Your Little One
Enjoy less money stress as you welcome the newest addition to your family.
Get Financial Clarity for Your Next Chapter
Gain total control of your money to have less financial stress when your bundle of joy arrives. You can try YNAB free for 34 days. No credit card required.
Our Top Articles on Budgeting for a Baby
How to Budget for a BabyIt seems like life’s to-do list grows exponentially once you find out your own little bundle of joy is on the way, and feeling like a bundle of cash is necessary to finance this having-a-person project only adds to that anxiety. First of all, breathe. You’ll make it work.
How to Prepare for an Income ChangeWhen you found out you were pregnant, perhaps your mind went straight to planning mode: how would you handle childcare? Did you need full-time care? Would someone stay home? See how to handle a reduction in family income.
How to Set Up a Baby Budget in YNABHere’s how to financially prepare for baby costs so you can feel a little more in control during this time. We’ll walk through different category setups and expenses you might want to consider in your planning during pregnancy, birth, and beyond.
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How Much Does It Cost to Have a Baby? See My Budget
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When You Are Having a Baby and You Really Need A Budget
When Mercedes Montgomery, 31, of Portland, OR, found out she was pregnant in 2011, it was emotional. It went something like shock and celebration, quickly followed by, “How the heck will we feed a child?” “At the time, my husband and I were so broke that we had to borrow money from my parents every …Read Blog Located in: Learn to Budget / Blog
How to Financially Prepare for Adoption
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