Prepare For The Costs Of Parenthood With A Mock ‘Baby Budget’

Prepare For The Costs Of Parenthood With A Mock ‘Baby Budget’

Kids can be expensive; the cost of childcare alone is pretty steep. If you’re thinking about having children, prepare for the financial hit with a “baby budget”.

Photo by unsplash

Over at Business Insider, Matt Becker of Mum and Dad Money suggests living on a pared-down budget before the baby comes.

Becker suggests using a baby costs calculator to estimate costs and plan for any change in income during work leave and promptly start living on your new budget during the pregnancy.

The idea is that you get used to living with a certain budget, and you can also sock away the mock expenses in a savings account to help you prepare. For more detail, check out the full post at the link below.

2 reasons why you should be living on a ‘baby budget’ long before your due date [Business Insider]

The Cheapest NBN 50 Plans

Here are the cheapest plans available for Australia’s most popular NBN speed tier.

At Lifehacker, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.