Having children is a joyous, yet expensive occasion. Once you find out that you are pregnant, it’s time to start saving for everything from prenatal vitamins to college funds. Here are 5 ways that becoming a mom can add joy to your heart and subtract cash from your wallet:
1. Labor and delivery- You’re done with the hospital and OBGYN after you take your little bundle of joy home…until you get the bill for having the baby in the mail. You are charged for every single part of your hospital stay all the way down to the plastic bath tub that the nurses used to wash baby after you delivered him.
2. Diapers, formula, wipes…oh my! – Once baby gets here, the real “fun” begins. You get your first glimpse into just how expensive babies really are.
3. Maternity Leave- While most companies cover maternity leave under short-term disability, part-time jobs may not give paid leave. Also, if new mommy wants to take the allotted 12-weeks, a portion of it will probably be unpaid.
4. Dressing you and baby- Once baby is here all of the cute little outfits that you received at the baby shower will come in handy. There will be days where you may go through 4 or 5 of those little outfits in one day. There will come a point where baby has outgrown or spit up too many times on the baby shower clothes and you’ll have to start shopping. Then, the shopping doesn’t end. You may also need postpartum clothes until you get back to your pre-baby body.
5. Childcare- No matter if you are planning on being a stay-at-home mom or working mom, there is will be a significant cost associated with childcare. Daycare costs upwards of $200-$260 a week or more and staying at home means the loss of an income.
What are some additional costs that you found with your kids?