How to budget for a baby | financial planning for mat leave + beyond

Рет қаралды 14,120

Күн бұрын

Thank you to BetterHelp for sponsoring today's video! Visit betterhelp.com/bethmoore to save 10% on your first month 🤍
TIMESTAMPS:
00:00 - Intro
00:53 - Our Experience with Budgeting for Babies
04:16 - Steps to Prepare Your Budget for Baby
04:29 - Step 1: Start Saving When You Start Trying (Or Earlier!)
06:05 - Step 2: Create a Household Budget
09:06 - Step 3: Look for Additional Income Opportunities (If Possible!)
11:06 - Create Your “Spendings” Plan
11:21 - Step 4: Determine Upfront Expenses for Baby
12:14 - Step 5: Determine Monthly Expenses for Baby
13:51 - Step 6: Determine the Cost of Labour & Delivery
15:44 - Tips to Save Money on Newborn Purchases
19:50 - Step 7: Determine Long-Term Costs
22:09 - Step 8: Practice Living on Less Before Baby Arrives
23:20 - An Encouragement As You Budget :)
One of the things that can cause a lot of stress in the planning process for your baby is how this life change will impact your finances. In this video I'm sharing some of the things that have worked for us when it comes to having a baby on a budget! Tackling saving tips, how to create a spendings plan, ways to increase your income and more. You CAN do this!
Do you have any other tips when it comes to budgeting for baby? Would love to hear them down below!
If you like this video, please hit "like" and remember to subscribe so you don't miss out on future uploads!
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Пікірлер: 19

@BethGraceMoore Жыл бұрын

Don't forget that you can save 10% on your first month with BetterHelp when you use this link betterhelp.com/bethmoore 🥰 Do you guys have any other money saving tips when it comes to prepping for a baby? Would love to hear them below!

@thepretendchristian9437 Жыл бұрын

I was literally making an excel sheet for baby budgeting when KZfaq recommended this video

@Dugg124 Жыл бұрын

I think the 'trial and error' time for any budget planning is crucial! So many budgets can look doable on paper and people just assume because the numbers look good then they are all set, but forget that we are all human and have impulses and maybe even have a harder time cutting back in certain areas than we realize, until we actually try. Plus, going into the 'trial and error' phase helps people not feel like they have cheated/failed on their budget, because they know they are still learning what actually works for them! Great reminder/tip!

@kaylafixesthefunk5641 Жыл бұрын

What great content! Thank you for laying this all out for us. Beautiful tips!

@grisbethnavas7799 5 ай бұрын

I have a 5 week old. I delivered him via C-section in the States. The total bill was $75,000. Thank God we have insurance. A friend of mine delivered her baby vaginally two years ago and her bill was $63,000. Your deductible is around $4,000-6,000. We looked into having a home birth and it was around $8,000.

@CassieDeJarnett Жыл бұрын

I’m so glad you’re talking about this! I agree it’s something not everyone thinks of! We planned ahead to save for delivery costs as well as 50% of my paycheck during my three month maternity leave since my work didn’t offer any paid leave and it gave us SO much peace of mind during that season!

@eliseharrell1275 Жыл бұрын

thank you so much for this!! my husband and i need to buckle down on budgeting period, especially because we want a baby and a house next year😅😅😅🤍

@emilypaxton5601 11 ай бұрын

Thanks for the video! Very informative, well put together, and well organized! 😊

@klaudiainesta Жыл бұрын

I hope this video reaches many people who want or are expecting a baby in their future. This makes me at ease as to what expect when the right time comes. I just wanted to let you know you are helping more people than you know with videos like these. Very happy I came across videos like yours and will definitely make my partner rewatch with me haha

@Piedrodeororoca 8 ай бұрын

This is the most helpful informative video thank you so much for lessoning the worries like buying things ahead

@laurenwilliamson3562 Жыл бұрын

Thanks for the budget app recommendation!! Just want I am in need of! Downloaded it today! Love your content, here to support a Canadian mom KZfaqr!!

@alicahamp Жыл бұрын

I cant wait to see your home decorated !!!

@jasmynsreality Жыл бұрын

My out of pocket costs are $6,000 for my deductible is Florida USA 😅

@janettetapia5104 Жыл бұрын

Hello 💕

@josiecullen784 Жыл бұрын

May I ask what your (apart from KZfaq ☺️) and your husband’s occupations are Beth? Love your vibe & vids! 💖

@BethGraceMoore Жыл бұрын

I am currently a Marketing Manager at a tech company and my husband is a full-time Associate Pastor at our church 🥰 thank you! ❤

@lipstickrose Жыл бұрын

Those who don't have enough money doesn't get to buy whatever they need, and those who do have money don't really budget. They splurge on things they don't even need.