If you are concerned about finances, I'd suggest getting another job, at least for now. I don't think anyone can give you an exact dollar amount concerning the cost of a newborn, but there are alot of expenses involved.
I'm going to assume that you are currently starting to save some money, but if you're not, start doing so now. You never know what could happen and it's a MUST to have enough savings.
If you do not have health insurance, get it now. You need it.
I'd suggest clipping coupons for stuff you WILL for sure be buying ALL the time (formula, diapers, wipes). I'd also suggest buying those items in bulk too if you can.
My friends with kids always tell me that when you start buying baby clothes, it's good to buy clothes in a VARIETY of sizes. Don't buy all newborn sized clothing. Kids grow SO quickly and they will outgrow the newborn items within a month or 2.
I also suggest shopping around for things like swings, strollers, cribs, etc. on eBay or Amazon. You can also find some good deals at yard sales.
Also: If you have friends with kids, talk to them! They are the best source of info on what items are essential and what's a waste of money. As their kids grow up, they may be willing to give/sell you guys some of the stuff their kids don't need anymore.
Last thing: By the time he/she gets to college, it's going to cost alot. So plan on saving for that.
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Last edited by KSUViolet06; 09-04-2009 at 08:57 AM.
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