Episode 5: Baby time

Having a baby can be a stressful time. There are a lot of unknowns and nine months goes very quickly. Having a plan of action for your budget can help ease some of that stress. In this episode we talk about how we planned for and currently budget for a child.

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Show Notes

Before the baby comes put money away to pay for any healthcare costs and/or unexpected expenses. You can always spend the money later if you don’t need it. For us, we put $5-6K away in savings for lost income while Danielle was on maternity care. We ended up not needed it and put it on our house a few months after the baby was born.

Child Tax Credit (We don’t use this one)

Child and Dependent Care Credit (This is the one we use)

Amazon Subscribe and Save (Save 5-20% on items ordered monthly)

Baby Food containers and it comes with a recipe guide!

College Savings Calculator (1) (2)

College Savings Plans by Sate

 

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