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How Much Will You Spend in Baby’s First Year? Use Our Calculator to Find Out

Budgeting for baby just got easier with this handy tool.
ByCelia Shatzman
Contributing Writer
Updated
June 28, 2021
calculator graphic with baby items
Image: Illustrations: Shutterstock.com

There’s so much planning to do when baby is on the way. There are names to pick out, a room to decorate and, of course, a budget to make. But shelling out for a new addition goes beyond stocking the nursery. Plenty of other ongoing costs can add up quickly, like childcare, health insurance and starting a college savings plan. That’s why we created this handy costs calculator to help you estimate your added expenses for baby’s first year. Keep in mind, a lot will vary depending on where you live, but filling in the categories below will give you a good place to start.

There’s a lot to do (and learn!) before baby arrives. Don’t worry, The Bump and State Farm have plenty of resources to help you prepare your finances for your new arrival.

Illustrations: Shutterstock.com

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