Category Archives: Baby

How Much Does A Baby Cost

Having a baby is something that must be carefully planned. A little angel coming into your home is surely a joy, but what you must know is that having a baby can be very expensive. Take note that the cost of having a baby starts from pre-natal care up to raising him until he is 17. So before you decide to have a baby, get to know first the costs involved in having one.

Typical Cost Of A Baby

The typical cost of a baby is $15,000 to $26,000 for the first year.

This price includes the following:

  • Pre-natal care ($1,000 to $3,000). This includes ultrasound and other tests, prenatal vitamins, food, and the like.
  • Delivery ($5,000 to $12,000). The lower range is for normal delivery while the upper range is for caesarian delivery.
  • First year costs ($9,000 to $11,000). This includes diapers, formula, baby gear, clothing, healthcare, childcare, etc.)

How Much Does A Baby Cost Per Month

To give you an idea on how much you have to prepare for your baby every month, we have listed how much a baby cost per month. This, however, refers to the first-year costs only.

  • Formula. This is usually the biggest expense per month when you have a baby. This can range from $75 to $100 per month. If you breastfeed, you can expect not to pay anything for this category.
  • Diapers. A newborn baby may need eight to 15 diapers a day. For a whole month, this can cost $60 to $115.
  • Healthcare. A visit to the pediatrician is always necessary for a newborn baby. You can allot $25 to $50 per month in this category.
  • Miscellaneous. Other things you have to consider when dealing with a baby include baby lotion, oil, powder, vitamins, soap, and the like. Allot around $50 for these things per month. You may also need wipes ($15 per month) and baby detergent and dishwasher soap ($15 per month).

Check out this summary of monthly expenses for your baby:

Formula $75-$100
Diapers $60-$115
Healthcare $25-$50
Miscellaneous $80
TOTAL $240-$345 per month

Factors That Affect The Price Of A Baby

Insurance. Your health insurance coverage can greatly affect costs here, especially when speaking of pre-natal tests and delivery. You will likely pay half or less than half of the total cost of having a baby here. Say or example if you are covered by medical insurance, you will likely pay $2,000 worth of out-of-pocket costs for a normal delivery.

Delivery. The way you deliver your baby can basically affect prices here. A normal delivery can start from $5,000 to $8,000 while a caesarian delivery can already cost double.

First year expenses. The living expenses for your newborn have a lot to say with the cost of a baby. Your choices here can either make the cost of a baby higher or lower. For instance, your choice of diapers can have a big impact here. High quality diapers can cost double the amount of ordinary ones. The same is true for your choice of toys, clothes, gears, and the like. If you can get old clothes and not rely on new clothes for the baby all the time, the cost will definitely go lower.

Location. Your geographical location can also affect prices here. In areas where the cost of living is high, expect that baby costs will be high as well. This is as compared to living in rural areas where the price of baby items, healthcare, childcare, and other essentials are cheaper.

Additional Costs

Getting ready for the arrival of a baby can be a hard task, especially for first-time mothers. Hence, childbirth education may be necessary. This works to prepare the mother for the baby and educate her when it comes to delivery, breastfeeding, and childcare. Childbirth education may cost $50 to $200.

Maternity dress can also be an extra cost when having a baby. Though not usually high, this is something that you must prepare for still.

The living expenses of your baby after the first year are not included in the price of having a baby quoted above. You can expect to spend $100,000 to $250,000 for raising a child until he reaches the age of 17. This includes foods, healthcare, childcare, education, shelter, transportation, and the like but does not include college education yet.

SDM-LK-240
Photo by World Bank Photo Collection

Tips Before You Decide To Have A Baby

Prepare your finances first. Take note that having a baby can cost a lot of money and the best way to conquer this problem is to be prepared with your finances. Start saving up and make sure you have enough money to cover all the expenses when having a baby. This will not only make your life smoother but also make your baby’s life better.

You may want to get rid of your excess debts so you can very well prepare for the coming of your little angel. A budget that is free from debts can help you start over with your baby.

Take note that baby costs differs from one person to another. So, you may want to know actual costs in your situation prior to having a baby. You may ask friends and family members who have recently had a baby and check out how much it is costing them from hospital bills to daily expenses.

Get a good healthcare coverage to prepare for your pregnancy and delivery. Know your current healthcare plan and see whether it is enough or not to cover baby costs. If it’s not, consider switching to a better insurance coverage plan.

Emotionally prepare yourself for having a baby. This must be true for both parents. A well-prepared couple can better take in the responsibility of being loving and caring parents for the baby.

Understand that having a baby is not a one-time thing. The cost extends for several years after he is born. Hence, make sure you are prepared mentally, financially, and emotionally for your child and the responsibility it entails through the coming years.

How Much Does It Cost To Adopt A Child

Even if adopting a child is a very selfless decision, adoption does not come cheap most of the time. Though some adoptions come free, other kinds of adoptions can cost thousands of dollars. So before you fully decide on adopting a child, find out the costs involved in adopting and see to it whether you can afford the process or not.

Typical Cost Of Adopting A Child

The cost of adoption depends on the type of adoption you are going for.

Foster care adoption costs $0 to $2,500.

Licensed private agency domestic adoptions cost $5,000 to $40,000+.

Independent domestic adoptions cost $8,000 to $40,000+.

Inter-country adoptions can start from $7,000 to $70,000.

Included In The Price Of Adopting A Child

All these prices include universal expenses for adopting a child such as legal expenses (court and lawyer) and home study expenses. There are adoption expenses, however, specific to each type of adoption such as the following:

  • Licensed private agency domestic adoptions include agency fees, birth parent counseling expenses, post-placement supervision, overhead and operating expenses, travel expenses, and processing of adoption requirements specific to the state.
  • Independent domestic adoptions include birthmother expenses.
  • Inter-country adoptions include agency fee, foster care, travel, escorting, medical care, and the like.

Factors That Affect The Price Of Adopting A Child

Age of the child. Adopting a baby usually costs more as compared to adopting an older child. Learn more on how much it costs to adopt a baby.

Condition of the child. A child with no medical history and no health problems can cost more to adopt. This is true because application fees are lower when the child becomes more difficult to place. Since children with health problems and emotional, mental, and social problems are more difficult to place, their adoption fees are usually lower.

Geographical location. If you are considering domestic adoption, the cost of adopting a child can vary depending on your state. Rules, requirements, and fees vary from state to state usually. The same is true when speaking of inter-country adoptions. Some countries may have higher fees when it comes to adopting children. This is without mentioning yet your travel expenses to the specific country of your choice. For instance, in India, adoption costs start from $13,000 to $16,000 plus travel expenses while in Russia, the cost is around $50,000 plus travel.

Agency. Adoption agencies can be licensed or unlicensed. Obviously, licensed agencies collect higher fees than their counterparts. Moreover, the adoption fees collected by agencies depend usually on what they will be doing for you. If you delegate everything to the agency including looking for expectant mothers for you, the price will go higher as compared to finding an expectant mother yourself.

Additional Costs

Inter-country adoptions may mean more extra fees for you including processing of visas, food and accommodation expenses, and the like.

If you need to find prospective parents from whom you can adopt a baby from, advertisements can be a lot of help. Advertising costs start from $500 to $5,000.

Once the adoption is over, you have to pay for the living expenses of your child including foods, toys, clothing, healthcare, and education. The cost to raise a child is usually $8,000 to $23,000 a year.

how much does it cost to adopt a child
Photo by b00ng

Tips Before You Decide To Adopt A Child

Be very sure of your decision of adopting a child. Children up for adoption need a loving home so you and your spouse must be ready with your responsibility of giving not only a home but as well as love, care, and support to your child. Also, be prepared not only emotionally and mentally when adopting a child. You must be financially ready when adopting a child because raising a child can mean serious money in the way.

Go for the type of adoption that will be most convenient for you. You may want to compare the costs as well as processing time. Take note that when you go for an inter-country adoption, the price may be very expensive but you have an assurance that you get to keep the child before you even bring him home. On the other hand, domestic adoptions may be cheaper but you have to wait six months after bringing home the child before the adoption can be finalized.

If you are adopting a child through an agency, make sure to choose a licensed and reputable agency. A good agency can help you smoothly process the adoption as well as price you reasonably for the adoption. The same is true for inter-country adoptions.

If you want to adopt internationally, decide first the country where you want to adopt a child from. Compare costs, requirements, and details from one country to another so you can find the best destination to get your child from.

How Much Does It Cost To Adopt A Baby

Giving a baby a home can be the noblest thing to do. If you are thinking of adopting a baby, make sure, however, that you undergo the legal process. But, take note that adoption will cost you money. In this article, you will find out the costs involved in adopting a baby.

Typical Cost Of Adopting A Baby

The cost of adopting a baby depends mainly on the type of adoption you are going for.

Domestic public agency adoptions cost around $0 to $2,500.

Domestic private agency adoptions range from $4,000 to $30,000.

Domestic independent adoptions cost $8,000 to $30,000.

Inter-country adoptions cost $7,000 to $40,000.

Included In The Price Of Adopting A Baby

The inclusions in the prices are the following:

Domestic Public Agency

Domestic Private Agency

Domestic Independent

Inter-Country

-Travel

-Attorney’s fees

 

-Application fee

-Birth parent counseling

-Adoptive parent home study and preparation

-Child’s expenses

-Post-placement supervision

-Overhead and operating expenses

-Sliding fee

-Birth expenses -Agency fee

Child foster care

-Travel and in-country stay of the parents while processing the adoption abroad

-Foreign court filing fees

-Document fees

-Escorting fees (if parents hire escorts instead of traveling to the country)

-Medical care and treatment of the child

Factors That Affect The Price Of Adopting A Baby

Type of adoption. Basically, the type of adoption you choose will determine the price of adopting a baby. International adoptions may be more expensive as compared to domestic adoptions simply because of the number of requirements and fees you have to pay not only to the State but as well as the agency, attorney, and the foreign country in international adoptions.

State or country. The laws and requirements of the state or country where the adoptive child will be coming from can greatly affect the price of adoption. This is true because countries differ in pricing adoption fees as well as states need different adoption requirements.

Travel. If the baby you are adopting comes from another state or country, travel expenses may affect the overall cost of the adoption process.

Condition of the baby. The baby’s health and mental conditions may affect the cost of adoption as well. Since babies with medical problems are harder to place, they usually cost less to adopt them.

Agency. Different adoption agencies price differently. Some agencies collect a sliding-scale fee while others don’t. Moreover, agencies usually price the adoption higher if they will be the one to look for expectant mothers for you as compared to those parents who have found an expectant mother themselves.

Breakdown Of Domestic Adoption Costs

Agency fees

  • Application fee ($100-$500)
  • Home study and preparation ($700-$2,500)
  • Post-placement supervision ($200-$1,500)
  • Psychiatric evaluation for each parent ($250-$400)
  • Physical examinations for each parent ($35-$150)

Attorney’s fees

  • Court representation ($2,500-$12,000)
  • Document preparation ($500-$2,000)

Advertising ($500-$2,000)

Birth parent expenses

  • Medical expenses ($0-$20,000)
  • Living expenses ($500-$12,000)
  • Legal representation ($500-$1,500)
  • Counseling ($500-$2,000)

Breakdown Of International Adoption Costs

Agency fees ($10,000 to $30,000)

U.S. Agency/Attorney fees (price estimates are similar to domestic adoption)

Foreign country fees

Travel expenses (transportation, meals, accommodations)

Foreign court filing fee

Document fees

Foster and medical care for the child

Foreign agency placement fee

Foreign attorney legal and placement fee

Translation and escort services by US agency representative in the foreign country

Required “donation” to orphanage or agency

Passport office fees

Adoption Cost Per Country

Bulgaria: $20,000 to $30,000 plus travel

China: $26,000 to $32,000 plus travel

India: $13,000 to $16,000 plus travel

Mexico: $15,000 to $25,000 plus travel

Philippines: $15,000 to $20,000 plus travel

Poland: $25,000 to $28,000 plus travel

Colombia: $22,000 to $26,000 plus travel

Russia: around $50,000 plus travel

Taiwan: $15,000 to $20,000 plus travel

Thailand: $11,000 to $20,000 plus travel

Additional Costs

Advertising can add up to the cost of adoption. This can range from $500 to $5,000 depending on what kind of advertisement you are getting. Advertisements are often necessary so that prospective parents can look for surrogates or expectant mothers.

For international adoptions, additional expenses may include the processing of the immigrant visa. An immigrant visa application fee costs around $260 with $60 issuance fee.

Of course, the adoption process is not the end of everything. Expenses will continue to show off as you raise the baby and attend to his or her daily needs such as foods, clothing, toys, education, and so much more.

lifestyles of spoiled little rascals.
Photo by ~C4Chaos

Tips Before You Decide To Adopt A Baby

Adopting a baby is a very serious decision and so you must be very sure about doing it before you begin the adoption process. Make sure that you and your spouse is ready for the adoption as well as the rest of the family.

Make sure that you are all set to adopt a baby and you are ready to face all the responsibilities of raising a child. Other couples go for older children because the extent of care they need is not that much as compared to what is needed by babies.

Decide what kind of adoption you should choose. Compare not only the costs of the types of adoption but also the convenience they can offer to you all throughout the process.

Learn about adoption rules specific to your states. Take note that state laws may restrict the allowable amount of expenses related to the adoption process.

Choose a good adoption agency that will help you all throughout the process. Choose an agency based on their reputation, their prices, and their payment schemes. Make sure the agency you are dealing with is licensed and affiliated with government agencies, religious groups, or health care services.

If you need help regarding the costs of adoptions, there are several ways you can get financial assistance. Most of the time, you can take advantage of subsidies, tax credits, loans, grants, and employer benefits to fund the adoption process.

If you are considering an international adoption, it is best to know which country to adopt a baby from. Creating A Family offers a comparison of adoption details, requirements, and fees from different countries including Bulgaria, China, Mexico, India, Guatemala, South Korea, Philippines, Thailand, Ukraine, and many more.

How Much Does In Vitro Fertilization Cost

An in vitro fertilization (IVF) can be the answer to pregnancy problems of one or both partners. Literally, “in vitro” is a Latin phrase that means “in glass.” This procedure involves gathering eggs from the ovaries and mixing them with a sperm in a laboratory dish. The fertilization takes place in the glass dish in the laboratory; hence, the name test tube baby was born. According to the Centers for Disease Control and Prevention, over one percent of all the infants born in the U.S. yearly are conceived using this technology.

However, the cost of IVF is not low. The question of how much is IVF has been asked by many couples who are getting hopes for this kind of procedure. This article will discuss how much does IVF cost.

Typical Cost Of IVF

The usual cost of IVF ranges from $10,000 to $15,000 for one cycle.

Included In The Price Of IVF

The price includes one cycle of IVF, which means reproductive cycle monitoring, administering of drugs, harvesting eggs and sperms, fertilizing them in a laboratory, and implanting them to the uterus. This also includes all laboratory and professional fees.

Consider These Factors

Age. Take note that IVF is not always a successful venture. Usually, the success rate falls down when a woman becomes older. Those who are under 30 have one in four chances of success with this technology while women over 40 have one in ten chance of success.

Number of IVF cycles needed. Gaining success in IVF is not usually a one-shot basis. At times, couples undergo multiple IVF cycles to successfully conceive a baby. There are lucky women who successfully conceive after one IVF cycle but other women may need to undergo two to six cycles to succeed. Unfortunately, there are some women who are unable to conceive despite multiple IVF cycles. If the average cost of IVF is $12,500, you’ll spend $25,000 for two cycles and the price goes higher the more IVF treatment cycles you undergo.

Payment and refund programs. Some fertility clinics offer payment programs that make the treatment more affordable for you. Others have refund programs where you are required to pay $20,000 to $30,000 but the clinic will refund some of your money in case you don’t get pregnant after three to four IVF cycles.

Additional In Vitro Fertilization Costs

Additional assisted reproductive technologies in line with IVF cost extra. This includes treatments like ICSI, assisted hatching, pre-implantation genetic diagnosis (PGD), in vitro maturation, and the like. An ICSI treatment may be around $1,000 to $1,500 while PGD can cost $3,000 or more.

Embryo freezing can also add up to the cost of IVF. This involves initial freezing and storage of good quality embryos that can be used in the future.

Getting an egg or sperm donor can also mean an additional cost. An egg donor can be priced from $25,000 to $30,000 per cycle while a sperm donor can be $13,000 to $17,000 per IVF cycle.

cost of in vitro fertilization
Photo by ~Prescott

Tips Before You Consider IVF

Understand that IVF is not for everyone. Talk with a medical professional regarding this option and see your chances of success. The Baby Center website has a complete line of information regarding IVF including how it’s done, the treatment process, the success rate, and pros and cons.

Make sure to get a qualified professional to help you with the procedure. IVF.net lists all clinics around the world that specialize in IVF. Take note that choosing a good clinic and physician to do the job for you can increase your chances of safety and success with this treatment method. Infertility Resources for Consumers also has a wide database of infertility IVF clinics all over the United Sates. Parents.com, on the other hand, lists the 10 best fertility centers today.

Before signing up with a fertility clinic, make sure you have a written copy of the inclusions and terms and conditions of the IVF procedure. This is especially true if you are getting payment or refund programs in line with the IVF treatment.

Not all insurance plans provide coverage for IVF treatments. However, 15 states in the U.S. mandate infertility insurance coverage that can help you manage the cost of IVF. GrowingFamilyBenefits.com lists all the states and their laws mandating infertility insurance coverage.

How Much Does It Cost To Have A Baby

Having a baby can be the most wonderful experience you will ever go through. However, these miracles don’t come cheap! Some people have only a few months to prepare themselves for this life-changing experience, while others have been planning it for years. Irrespective of your mental preparation, you have probably asked yourself time and time again: ” How much does it cost to have a baby ?” Well, the costs will be hefty. The following article will focus on the costs that come with the delivery of a baby. In addition, the prenatal costs and other motherhood expenses are discussed, as well as the cost of raising a child.

Typical Cost Of Having A Baby…

The costs of having a baby are normally covered by your health insurance. With insurance, you can expect to pay 500-3k, depending on your coverage. Also, some insurance companies have you pay part of your expenses. Besides the insured expenses, there are still out of pocket expenses, such as co-pay.

without insurance: vaginal delivery costs around $8,000 to $12,000.

without insurance: C-section (Cesarean) delivery costs around $13,000 to $20,000.

Included In The Price Of Having A Baby

  • gynecologist
  • pediatrician
  • anesthesiologist
  • hospital room and board. Vaginal delivery is usually 1-2 days, C-section is about 3-4 days.
  • nursery fee
  • laboratory fees
  • medications and supplies
  • examination of and medical attention to the baby

Consider These Factors

Apart from the type of delivery, the geographical location will be of influence on your baby delivery cost. It is cheaper in the south of the US, and more expensive on the west coast and northeast.

Additional Costs Up To Delivery

Complications. Vaginal delivery with complications are estimated to be about as much as C-section costs.

The length of stay in hospital determines your additional costs too. Each day will be quite expensive.

If you want a private room, you have to pay extra.

Premature babies need extra care. The baby could need to stay in a neonatal IC unit for weeks, increasing the with $10k-$30k.

If you need induction of labor, this will be added to the cost. More information on labor induction can be found at FamilyDoctor.org

Other prenatal costs, that may or may not be covered by your insurance plan, include:

over-the-counter prenatal vitamins, such as folic acid, cost around $15 per month.

prenatal care can cost up to $2,000, depending on your insurance policy.

childbirth education and classes cost around $50-$200 per class.

Additional Baby Costs After Delivery

Maternity clothes prices can be cheap or expensive, as they come unbranded or by designer. But when you share them with other mothers, they can be practically for free.

Baby car seats cost around $100.

A crib costs around $100.

Baby monitors cost $15 each.

Diapers. Buying in bulk can save a lot, as a 250 pack of diapers costs about $40.

Wipes. A box of wipes costs around $10 to $15 for 400 pieces, which lasts only a few weeks. An alternative is to use washcloths.

If the parents had a job that they cannot continue for a while, there are opportunity costs. Calculate your lost income as a cost too. Fortunately, you could adjust a bit, since you won’t have time or energy to go out as much anymore 🙂 !

Lastly, raising a child will be expensive too. Estimates are hard to give, as it depends a lot on your geography and income level. However, the U.S. Department of Agriculture provided this table.

The 10-Year Plan – Annual Child Expenses

Here’s what you can expect your annual child expenses to be through your child’s 10th birthday, depending on your income.
Child’s Age and Household Income
Less than $41,700 $41,700 to $70,200 $70,201 or more
< 1 $7,040 $9,840 $14,620
1 7,250 10,140 15,070
3 7,890 11,070 16,370
5 8,380 11,760 17,380
10 9,750 13,380 19,540

 

For more info on raising costs, babycenter.com as a tool that lets you calculate the cost of raising a child.

Tips Before You Have A Baby

Even with insurance, expecting parents spend on average $775 on out-of-pocket delivery costs.

If you dont have insurance yet, you can still get insurance while you are already pregnant. Normally, your baby delivery is still covered that way, as insurance companies with group health plans are not allowed to treat pregnant women differently. Read more about that at the United States Department Of Labor.

Let your insurance company know on time that you are going to have a baby. Some of them will require a pre-authorization for covering the delivery. Be sure to communicate openly with your insurance company, and ask what they need from you, and when.

According to Anne Elixhauser PhD, who is a senior research scientist at the Agency for Healthcare Research and Quality, the hospital charges quite a bit more than it actually costs them. Typically, the actual cost to the hospital is about 30% of what they charge. If you don’t have insurance, this can be a useful piece of information when you negotiate the price.

You can get a discount if you pay your bill at once, instead of seperate payments. Ask your hospital about this possibility.

Babycenter.com can help to find a suitable hospital or a more homey alternative, a birth center.

Ask friends and acquaintances with children if they have pregnancy items that they don’t use anymore.