Life Events: Preparing your baby budget

BUDGETING FOR YOUR NEW BABY   First time parents are not going to be shocked to learn that bringing their baby into this world is going to cost them some money. Think of everything that you use to care for yourself in a day, then keep adding to that list diapers, formula and so on.  Having worked these costs into your budget and possibly adding some new categories to your baby budget such as baby categories will help to ease some of the stress of just how much of money you will spend. If you don’t have a budget you can download Mr.CBB’s free excel budget spreadsheet which has a sheet for every month of the year and you can customize categories as you need. As a mom of two children I can safely say that I’ve learned what I need to buy and what I don’t need to buy over the years but the final call is up to you. Being informed is the first step in preparing for the arrival of your baby. How to save money when having a baby? That’s a good question because the expenses of having a baby can grow exponentially if you aren’t […]

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