How Much Will You Spend in Baby’s First Year? Use Our Calculator to Find Out
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.
Having a baby can be expensive! And if you’ll be using formula, that’s one extra cost. Thankfully, ByHeart Infant Formula makes choosing the best for baby easy, with clinically proven benefits, clean ingredients, and manufacturing in the US. Bonus: It’s less expensive than some of the other premium brands. Learn more at ByHeart.com.
US Department of Health and Human Services, Breastfeeding: Surgeon General’s Call to Action Fast Sheet, January, 2011
Investopedia, Budgeting for a New Baby: Ongoing and One-Time Expenses, May 2023
How Much Is It, How Much Does Baby Food Cost
National Diaper Bank Network, Fast Facts on Diaper Needs, 2022
Care.com, How Much Does Child Care Cost, June 2023
New York Life, How Much Does It Cost in the First Year?
US Department of Agriculture, Expenditures on Children by Families, March 2017
BigFuture, College Costs, FAQ
Finra, Education Savings Calculator
Health Cost Institute, Shedding Light on Health Care Spending in the US, 2020
PolicyGenius, Life Insurance Rates, December 2023
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