Today I found a Baby Cost Calculator and found out that baby's first year will cost us about $10,000! Good thing we've been planning ahead. And it's a good thing we're having a baby shower to help with the cost too.
Of ourse there are ongoing costs like daycare and saving for college, diapers and wipes. Then there are the one time costs like the crib, car seat and stroller. This calculator I found online helps me not only plan for the expense, but also plan my registry.
It's just really freaky to think that we'll spend $10,000 extra dollars in the year to come. I know that as we go we won't notice that we're spending that much more because we'll cut back on other things like eating out and movies though.
We met with our financial planner about puchasing more life insurance and saving for college. He has a 9 month old so he was very helpful when we were talking about added expenses for baby. He's the one that convinced us that the extra spending won't be as noticable as we fear.
Were you really distressed by expensed or was it fairly unnoticable?