+8 votes
by (3k points)
How much would you save every month for baby #2?  
How much would you save every month for baby #2?

7 Answers

+7 votes
by (680 points)
 
Best answer
I’m considering the same thing. We hope to get pregnant this year so we already saved enough money for the deductible and out of pocket maximum for the birth, as well as the three months Maternity leave with no income. I’m also planning on saving up some vacation time to help worth lost income (unpaid leave). As far as supplies, if I have another boy I have saved all the toys and clothes from the first. I also shop consignment sales and Facebook shop n swap for clothes and toys. I’ve barely bought anything new. I would hope my first kid would be out of diapers by then so in essence my expenses would be about the same as they are now. Except double the daycare cost. That is a cost that will continue for years so i will either save for it or adjust my budget when the time comes to make it work. That’s my plan.  
by (3k points)
@officialese Sounds like a great plan to me. Our son is 4, so he’ll be in school next year so I’ll be at home with the baby for a while. Luckily my 4 y/o is already potty trained. Also I didn’t know about the swap and shop FB place you mentioned, might have to check it out. I appreciated getting hand me downs from family and friends also.  
+4 votes
by (9.6k points)
What are you saving for exactly? Maternity leave? Baby items?  
by (3k points)
@finicky2385 sorry, I think just baby items.  
by (9.6k points)
@address4953 for me personally (and not everyone’s going to agree which is fine) I bought a box of wipes and/or diapers every payday while pregnant. I only shop at Target and Costco so returns are easy. Now since it was my first I didn’t know brands and bought a variety. I’m sure since this is your second you’re more skilled. And even if this baby doesn’t like the brand your first used then exchange them. It was such a help to not need to go to the store or send my boyfriend for the wrong kind. And it was already accounted for in our budget. If that doesn’t work for you then at least buy wipes. I would try to put away $200-$300 a month. Not sure if you’re having a baby shower but you’ll get gift cards on top of that. That should give you enough for the stuff you need plus your postpartum after care stuff. Then check your insurance, do you have full coverage? Deductible? See if you need to save some money to pay hospital bills.  
by (3k points)
@finicky2385 Great advice thank you.  
by (3k points)
@finicky2385 Also, with buying the wipes and diapers every month, I think that’s a great idea and wish we would’ve done that with our first child.  
+3 votes
by (630 points)
Are babies the same gender?  
by (3k points)
@mareah We don’t know yet! We have a 4 y/o son right now and this is also our last baby.  
+8 votes
by (3k points)
It depends on how much you kept, if you plan to have a sprinkle, and if you're having the same gender. I haven't had to buy anything for our 2nd girl (over 2 now), aside from the $240 worth of cloth diapers 2 years ago. I do occasionally grab a pack of sposies and wipes for when we're out, but they fit in our grocery budget.  
by (3k points)
@sideling79250 we don’t know the gender yet, and to save money I think we’ll do a sprinkle like you said or a virtual one instead of having a huge baby shower like we did our first child. Too much stress for me  
+7 votes
by (390 points)
I think like 400. I have a lot of stuff from baby #1. I kept my expensive stuff I bought for the next one.  
+6 votes
by (10.1k points)
Your deductible plus OOPM + 2k would be the goal, so divide that up. Are you pregnant yet?  
+7 votes
by (3.2k points)
I would also factor in daycare unless u are a stay at home mom then that was a biggy for me  everything else was pretty affordable  i had everyone bring diapers for my babyshower i was lucky enough to stock up for good six months from just that  
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