If you are a prospective parent, you may begin to worry that you will have to take a second mortgage to buy all the things you should need for your baby. Friends, family, parenting books and magazines tell you, you have to start you never heard a thing stocking: exersaucer, flexible seating, a total sleeper, comfort station, rub warm, the list goes on.
Take it from me – on the third of a mother of two: there is little you need buy a new baby.
A baby needs a place to sleep, and a standard, inexpensive crib will do the trick. He does not need to crib $ 1,000, he will sleep two, maybe three years, tops.
Babies need clothing, but it does not need to be expensive or FANCŸ – especially in the first few months, because he will quickly grow out. Honestly, coveralls and feet pajamas while your best bet.
Baby needs a car seat if your car transporting him. Infant car seat is convenient because it can be used as a carrier, but also just because of its small size, can be used for about a year. You can get a lot more mileage a convertible car seat that can be used until your child is a preschooler. The disadvantage is that you can not carry your baby in it – you have to take him out of the seat (and possibly wake him up) each time to reach the destination
Baby diapers. – many. If family and friends have planned a baby shower you, let them give you buy equipment, blankets and clothing. Save your money ŧo hoarding in diapers.
There are a lot of other things that parents will say they can not live no. But from my experience, the performance of different children. I’m a girl addicted to the nipple; the other does not need them. Neither like swing or flexible seating, we have. I like carrying my baby in a baby Bjorn – Some parents prefer sling. That is why it is a good idea to borrow items from a friend test drive them (so to speak), or buy gently used items at a fraction of the cost of new equipment.
You do not have a lot of – I will publish the list tomorrow. However, in addition toItem I listed above, only a few new things every parent should have. Do not ignore the children’s excitement, these cyclones things you buy essentials and said to needs.
Life. As I’m sure you’ve heard, children are expensive. You can expect to spend at least $ 200,000 to raise a child, according to some estimates, and that does not include the cost of college. So, you need to make sure that if you die your child will provide financial support. To do this, the best way is with a term life insurance policy, to provide you with the greatest financial security. You can buy hundreds of thousands of dollars worth of coverage each year only a few hundred dollars. And do not think who do not generate income stay at home mom does not need insurance. Dad would require additional funds to cover the cost of child care mom if something happens. See how much life insurance you need? A formula to help you figure out how much coverage to buy.
Health insurance. Make sure you add your baby to your health insurance policy, her birth, because you will make a lot of trips to the doctor for tests after healthy babies – you want to be covered under the circumstances she has any significant medical problems. If you are insured through your employer, you are entitled to 30 days after your child’s birth to her added to the policy (and coverage can be traced back to the birth). Otherwise, you must wait until the next open enrollment period or appeal to the insurance company to add your child to your policy. If you have private insurance, you can add a baby at any time. However, if you sign up after the baby is born more than 30 days, there will be a blank cover.
Disability insurance. If you or your spouSE injured or too ill for several months of work, how would you support your children? Disability insurance can help replace lost income. You may have to work through some reports, but it is likely to replace only 60% of pre-tax profit (which is the largest disability benefits paid by the employer) is. About finding your own strategy and how much detail you can expect to pay for it, see the disability insurance better deal.
A mixture of . You do not need to be a daddy Warbucks have the will. This important document indeed much more than you think how you go after your wealthProduction indicating distribution. It allows you to name your child and you leave someone else to manage their money guardian. Even if you think it goes without saying that your parents if you die S or your brothers and sisters will take care of your children, you need to write it down, you have to play the role of people – otherwise, the court will decide. Parents need to understand why there is a will for more information.
The child care programs. Under Ideally, you should find out who will care for the baby before he or she arrives. This is because you may have to get day-care waiting list, the time it takes to find a qualified nanny and paperwork requirements for employees who have family or crunch numbers to figure out if a parent can stay at home, budget and begin to make this possible. If you plan on paying someone to care for your child, see if your employer offers a flexbile spending account lets you set aside pre-tax dollars (up to $ 5,000) related care costs. Under normal circumstances, you must be determined before the start of the new year you contribute FSA, you usually have put all the money (or March 15 of the following year, the grace period if your employer provided) at the end of this year. However, if your baby is not due until 2012, you do not want to promise a certain amount of contributions, until then, your plan may allow you to do so, because of changes in family status and so on.