Before your baby is even born, you are going to need to buy several pricey items that go hand in hand with having a little human who is entirely dependent on you. Setting up a nursery in your home can cost anything from $400 to $2000, depending on how well you want it to be kitted out and how nicely you want it to be decorated.
After the baby is delivered, there will be a lot of expenses, including follow-up health visits to ensure that everything is well with the newborn baby. You also never know if they need additional visits if they get sick over the winter (or any season), so it’s best to set some money aside for expected and unexpected medical bills in the baby’s first year.
Having a baby is tough in the first year. You may get to a point where you feel burned out and just need one evening to go on a date night. In this case, you will need to fork out money to pay for a babysitter. Furthermore, you will also need to budget for childcare if both parents are working, and this cost can be high depending on which state you live in.