Article written by Daniel Sherwin email@example.com DadSolo.com
Raising a child to age 17 costs an estimated $233,610, according to a study by the USDA. The newborn and toddler years add up with the cost of delivery, diapers, and clothes they outgrow quickly. Make preparations for a budget-friendly pregnancy to start saving money early.
Staying Healthy on a Budget
Going into the pregnancy as healthy as possible can reduce complications and make the pregnancy easier. You don't need expensive prenatal exercise classes to stay healthy. Simply walking or swimming on your own is effective.
Prenatal exercise benefits include less back pain, decreased constipation, better sleep, and shortened labor, according to Mayo Clinic. Check with your prenatal care provider to ensure exercise is safe for your situation.
Check on prenatal vitamins from different sources. You can get prescription or over-the-counter prenatals, so compare the costs to find the cheapest option.
Choosing Affordable Providers
The mean out-of-pocket expense for childbirth in Colorado is $2,300 for people with insurance, according to the Health Care Cost Institute. Your costs may vary based on your insurance coverage. Call your insurance company to verify your coverage amounts and find preferred providers, which can lower your costs.
Midwives can often provide a more cost-effective option if you have a low-risk pregnancy. Total birth costs are typically about $2,000 cheaper with a midwife.
Writing a Birth Plan
Planning the birthing process can help you deliver how you want. This planning also helps control costs by deciding where you want to give birth. If you use doula labor services, your doula can help write your birth plan
Sorting Out Your Finances
Reworking your budget to account for things like childcare and diapers should happen now. If your current home isn't big enough, consider moving. Research the loan options and practicality of buying a new house on your current income. Use a mortgage calculator to determine your options based on your down payment and the current average mortgage rates. Another option is a home improvement loan for an addition or remodeling your current home if moving isn't feasible.
Stocking Up Early
Ongoing expenses add up quickly. Expect to spend about $75 monthly on diapers and wipes and $70 to $150 per month for powdered formula if you don't breastfeed, according to New York Life. Stock up now to spread out the costs, but check expiration dates on formula before buying.
Joining Mom Groups
Becoming active in Denver mom groups helps you meet other local parents who can give you advice and share affordable parenting hacks. Some groups, like locally-based Moxie Moms, offer discounts at local retailers and schedule free events with other parents.
Maternity clothes are expensive and you don't need them long. Shop consignment stores for affordable maternity clothes, or connect with other moms to borrow maternity clothes. Consignment shops also save you money on baby clothes and gear
Affording a Baby
Pregnancy preparation gives you time to find the support team you need while sticking to a budget. Whether you want a home birth, birthing center, or traditional hospital setting, having experts to help you along the way makes it easier. Explore labor doula services from Love in Motion if you're planning a pregnancy in the Denver area.