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Budgeting For A Baby 101

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When expecting a new baby one of your first things on your to-do list should be budgeting for a baby 101.  The first year can bring unexpected surprises and expenses so having a budget for the most common items will help you be able to handle the surprises a little better.


When making your baby budget, feeding will probably be at the top of your list.  

  • Breastfeeding - If you plan on returning to work, you will need to invest in a breast pump, bottles, and storage bags.  Breast pumps can range from as little as $40 to as much as $500 depending on the model.  
  • Formula Feeding - With formula feeding you will have an average expense for bottles which can range from $80 to $100 per year but will also have to budget for the formula which is an average of $100 per month or $1200 per year.
  • Baby Food -  While the cost will vary on the brand and type of food you buy, you can expect to spend about $50 per month for an average of $300 for six months.

Diapering and Bathing

  • Diapering - Disposable diapers can be one of the most costly regular expenses you will encounter with your baby You can expect to spend an average of $70 per month for a duration of at least two years for most ringing in at a total of $1680.  Wipes will cost approximately $400 to $600.
  • Bathing - The bathing products and lotion you choose for your infant will depend a lot on the sensitivity of their skin, but on average you can expect to spend $100 to $200 in the first year.

Child Care Expenses

If you work full-time, child care can be a large expense.  The range depends on the area you live in and whether you use in home care or a daycare center.  On average most parents pay between $600 and $1600 a month.


Your little one will grow faster than you can imagine and clothes that fit the day before may seem to shrink overnight.  On average most parents spend $50 a month on clothing.

One-Time Purchases

There are some one-time purchases you will need to make for your baby.  Some of the necessary and most popular one-time baby purchases include:

  • Crib - $200 to $500
  • Crib Mattress - $60 to $100
  • Infant Carrier Car Seat - $50 to $100
  • High Chair - $60 to $250
  • Convertible Car Seat - $100 to $500
  • Stroller - $70 to $800
  • Infant Tub - $15 to $50
  • Baby Gates - $50 to $150
  • Pack n Play  or Bassinet - $60 to $400
  • Baby Monitor - $30 to $200
  • Swing - $60 to $200
  • Bouncy Seat - $30 to $70
  • Diaper Bag - $20 to $80

The Extras

While necessities will be your primary focus the first year, there will also be extras that you will need to include in your budget.  You can expect to spend $200 to $300 on toys for your little one.  Also, to capture their growing years, most parents will average $200 to $400 in photos, photo books, and announcements the first year.

While the above items are just some of the expenses, you can expect to spend on your baby they are a great start at preparing your budget.  When all is said and done, on average you may pay between $10,000 and $15,000 for your baby's first year.

If you would like more information on budgeting for a baby or are interested in opening a savings account to prepare for the first year, contact one of the experienced staff at Rocky Mountain Credit Union today.

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