Home

Is Anyone Ever Financially Ready To Have A Baby?

Leave a comment

Click the link below the picture

.

Dear GEP,

I am trying for my first child, which is both exciting and making me anxious. I thought babies didn’t need much, but the more I talk to other people, the more I realize that having a child will be as expensive as it is wonderful. What do I actually need to support a kid? And is anyone ever financially ready to have a baby?

There is a saying widely repeated in my family that all you really need to have a baby is “a towel, and a drawer.” My father, who has had five children and eight grandchildren, is the origin of this statement – and I don’t doubt that when he had his first baby in the early seventies, at the age of 27, they didn’t have too much more than those advised essentials.

As I folded hand-me-downs last month with my younger brother, whose first baby is now just a few weeks old, we chuckled about our dad’s perhaps apocryphal advice. What did he know, anyway? What’s so wild about it, though, is that, a decade into parenting, the “towel-and-a-drawer” maxim feels both completely absurd and refreshingly wise.

A lot has changed since the seventies. When I was pregnant with my first child, my dad’s perspective on parenting preparation felt as silly as giving a colicky baby a finger of whiskey. First, the cost of living for families in this country has grown astronomically. My parents, for example, could afford a home in a diverse city on two therapist’s salaries. Now, the house I grew up in has been divided into luxury condos that I could only dream of affording. Childcare costs are real, and overwhelming: My husband and I calculated when our last child started public kindergarten that we had spent almost $200,000 on the first five years of care for our two children. Children need medical care, and medical care in this country is becoming more expensive and elusive by the day.

And, of course, there is the stuff. Fifty years ago, my dad, who I promise you did have a legit crib for my oldest sibling, had few options and little pressure to make baby-related purchases. Now, new parents like my brother and his partner are bombarded with ads and suggestions from other parents to buy high-tech strollers, specially designed tummy-time mats, and smart bottle-warmers. Even with older children, I find it difficult to turn down this constant thrum, the promise that if I just shell out a few more bucks, some aspect of life that I perhaps hadn’t even considered as a danger would be made easier for myself or my kids.

But what do our children, what do we really need??? Don’t get me wrong – the social and political child, so you’re not having to do that work during the first year of parenting.

“It allows you to prioritize, and then you’ll have a better sense of what you’re willing to let go of if you have to make trade offs as a new parent.” She also recommends worrying less about college savings and more about retirement, as you can borrow and scheme for the former but not the latter.

I would also add in that flexing your communal and collaborative muscles – getting to know your neighbors, sharing responsibilities with friends, getting comfortable asking for and offering help– will be enormously beneficial to you when you realize that even a teenaged babysitter can charge $25 an hour, and if you only need one car if you can arrange a daycare carpool. This, of course, takes work, but it is worth it. And it’s not only for your mental-health – childcare swaps, shared meals, and pooled resources can end up saving you money in the long run.

Who is ready to have a baby? No one. And also, mostly everyone. I’m sure you can find a towel and a drawer somewhere.

.

https://imgix.bustle.com/uploads/image/2025/8/25/eb8a542a/gep_finances_header.jpg?w=720&h=810&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.4979Sure, there are the essentials, but a lot of it just isn’t necessary.

.

.

Click the link below for the complete article:

https://www.romper.com/romper-new-parent-finance

.

__________________________________________

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TradingClubsMan

Algotrader at TRADINGCLUBS.COM

Comedy FESTIVAL

Film and Writing Festival for Comedy. Showcasing best of comedy short films at the FEEDBACK Film Festival. Plus, showcasing best of comedy novels, short stories, poems, screenplays (TV, short, feature) at the festival performed by professional actors.

Bonnywood Manor

Peace. Tranquility. Insanity.

Warum ich Rad fahre

Take a ride on the wild side

Madame-Radio

Découvre des musiques prometteuses dans la sphère musicale française (principalement, mais pas que...).

Ir de Compras Online

No tiene que Ser una Pesadilla.

Kana's Chronicles

Life in Kana-text (er... CONtext)

Cross-Border Currents

Tracking money, power, and meaning across borders.

Jam Writes

Where feelings meet metaphors and make questionable choices.

emotionalpeace

Finding hope and peace through writing, art, photography, and faith in Jesus.

Wearing Two Gowns.COM

MOVING FORWARD...That's how WINNING is done!”-Rocky Balboa

...

love each other like you're the lyric to their music

Luca nel laboratorio di Dexter

Comprendere il mondo per cambiarlo.

Tales from a Mid-Lifer

Mid-Life Ponderings

Hunza

Travel,Tourism, precious story "Now in hundreds of languages for you."

freedomdailywriting

I speak the honest truth. I share my honest opinions. I share my thoughts. A platform to grow and get surprised.

The Green Stars Project

User-generated ratings for ethical consumerism

Cherryl's Blog

Travel and Lifestyle Blog

Sogni e poesie di una donna qualunque

Questo è un piccolo angolo di poesie, canzoni, immagini, video che raccontano le nostre emozioni

My Awesome Blog

“Log your journey to success.” “Where goals turn into progress.”

pierobarbato.com

scrivo per dare forma ai silenzi e anima alle storie che il mondo dimentica.

Thinkbigwithbukonla

“Dream deeper. Believe bolder. Live transformed.”

Vichar Darshanam

Vichar, Motivation, Kadwi Baat ( विचार दर्शनम्)

Komfort bad heizung

Traum zur Realität

Chic Bites and Flights

Savor. Style. See the world.

ومضات في تطوير الذات

معا نحو النجاح

Broker True Ratings

Best Forex Broker Ratings & Reviews

Blog by ThE NoThInG DrOnEs

art, writing and music by James McFarlane and other musicians

fauxcroft

living life in conscious reality

Srikanth’s poetry

Freelance poetry writing

JupiterPlanet

Peace 🕊️ | Spiritual 🌠 | 📚 Non-fiction | Motivation🔥 | Self-Love💕

Sehnsuchtsbummler

Reiseberichte & Naturfotografie

Spotlight Choices

astrology - life coaching - optimistic reality

INFINITE ENERGY

"قوتك تبدأ من هنا"

Mesime ÜNALMIŞ

Her çocuk hikayelerle büyümeli

Treasurable Life: The Dirty, Divine Truth of Becoming

No shame. No filters. Just everything we were told to hide.

Dr. Edward McInnis

Doctor of Medicine

Ishaya Zephaniah

Explore the dynamic relationship between faith and science, where curiosity meets belief. Join us in fostering dialogue, inspiring discovery, and celebrating the profound connections that enrich our understanding of existence.

Through Pain Suffering , Mental Health , Addictions , Cancer , Death , Drs

Living with Purpose: Finding Meaning Amidst Life's Challenges