How much should we have saved up before we have a baby?
July 15, 2009 6:45 AM Subscribe
When the time comes, I'd like for it to be possible for me to stay at home for at least a year after a baby is born (I am not pregnant yet).
I guess this is two questions. First, how much should I have saved up to care for baby for the first year and secondly, how much should I have saved up to cover myself for the year?
posted by mittenbex to Work & Money (29 answers total) 29 users marked this as a favorite
Mr. Mittenbex is a teacher so there will be other income obviously. I am currently only bringing in about 21k a year.
I know the obvious one-time costs like crib, car seat, furniture etc. But I'm looking for advice from parents who have an idea on what they spent on their kid in the first year. I am planning to breastfeed so hopefully that works out and out goes the cost of formula.