Kids are expensive: Start a family — without worrying about money.

Amy Schultz
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But people have babies all over the world, under all different circumstances, and they, for the most part, figure it out. You shouldn't have to miss out on the joys of parenthood because of money. 

4 steps to prepare for a family 👨👩👧👧

Step 1: Start your baby fund early

However you choose to have a baby (i.e. natural pregnancy, IVF, surrogacy, adoption), insurance and hospital bills will cut into the biggest portion of your spending. So do your homework to find the best options for you. 

Step 2: Plan. Plan. Plan.

Diapers and baby food will be two of the highest cost expenses when your baby arrives. But there are cheaper alternatives. Namely, DIY baby food and cloth diapers, which are also great for the planet. Maybe you only register for diapers at your baby shower. Do you. 

Step 3: It’s never too early to think about college

Set up a tax-free 529 college savings plan when your baby is born. By the time they turn 18, that money will pay off in spades.

Step 4: You’ll actually save

Not everything about having a baby is expensive. Some of your expenses will automatically go down because your lifestyle will fundamentally change (i.e. no more spontaneous weekend trips or nights out at the bar). Plus, new parents can claim a child tax credit. That’s pretty sweet.

You don’t have to figure it out alone

We could all use a support system. A Money Coach will give you the emotional and financial guidance you need to take the above steps, stay on track to meet your goals, and feel confident while doing it all. What are you waiting for?

True story: Yes, kids are expensive. Estimates for a 'no frills' upbringing from birth to 18 years is at more than $260,000, and that only includes food, housing, clothing, transportation, health care, and health insurance. It’s no wonder the US birthrate is the lowest it’s been in the last thirty years.

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