Random Facts

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According to a 2011 Babycenter.com survey, here are five of the most unexpected financial impacts of a new baby’s arrival in the United States:
  1. Income loss: Many companies no longer compensate new parents for maternity leave, so consider depositing money into a flexible spending account so that pre-tax dollars can be used for childcare expenses;
  2. Utilities: When taking time off of work to care for a newborn, utility costs can double in some cases;
  3. Medical bills: Today, the medical costs associated with the birth of a child can run more than $1,500, plus the added costs of subsequent visits to the pediatrician.
  4. Food: A breast pump can run anywhere from $150 to $200, while nursing clothes could cost you $500 or more;
  5. Incidentals: Baby classes can cost $100 or more per month, plus expenses for toys, new furniture, diapers, a changing table and more.
 
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