The Cost Of Having A Baby

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The Cost Of Having A Baby

Finding out you are pregnant is an exciting and fearful time for any parent-to-be. You are so excited to bring this new bundle of joy into the world, but the cost of having a baby is scary. From the hospital bills to new car seats and everything in-between, having a baby is expensive. We have broken down the average cost of having a baby in the US which is why we started our site.

Baby Costs Broken Down

According to a 2010 USDA report, the average middle-income family will spend roughly $12,000 on child-related expenses in their baby’s first year of life. That doesn’t include the average $10,000 it costs to give birth to your child, and thats with insurance. So, you are looking at a whopping $22,000 in the first year just for one child.

By age two, parents are up to more than $12,500 per year per child.– – The Cost Of Having a Baby So before your child ever turns three you will spend, on average, $34,500!

Parents can count on spending close to $50 per week ($2,448 per year) on diapers, formula (if you’re not breastfeeding) and baby food. Then toss in big-ticket items such as furniture, equipment, clothes, childcare if you’re returning to work, and medical costs. You get the idea… Babies are expensive!

If only there was a fun way to get a little extra cash for that new addition – Oh wait, there is!

How To Offset The Cost Of Having A Baby is a gamified crowd funding website that gets friends and family involved with the excitement of having a new baby. Simply put, you set up an online baby pool and your loved ones donate in hopes of being the winner of the pool. Then you use the proceeds of the online baby pool to help offset the cost of having a baby.

How Our Online Baby Pool Works

How it works: The parents-to-be or their friends/family set up an online baby pool. You enter the doctors due date and add the pool game details (aka how much is the buy in, what the winner gets, etc). Then let all your friends and family know about the fun. The game is totally up to you. You can give the pot to the closest guesser to the due date, you can split the pot with the baby and the winner, you can use the pot to start a college fund or buy things for baby, or donate the whole thing to charity. Sky is the limit. The point is to have fun and get a little extra cash!

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Written by Whitney Rowley