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Child birth and Expenses


We’ve already talked about how much child rearing costs.

But what about childbirth? Are you prepared to face all the financial pressure that having a baby might put on you and your spouse? 

We’ve pooled in a few of the expenses that you must expect when you’re expecting.

PRE BIRTH 

When you discover that you’re going to have a baby – sure, you’ll be elated and happy. But as your bump grows, you’ll find that the medical bills that keep rolling in would grow too.

The prenatal hospital bill can vary quite radically – we can’t predict the exact figure as it might differ from person to person and region wise. The good news here is that if you’ve taken a health insurance that has maternity cover included, then you’re good to go. 

BIRTH

The hospital bills will take a toll on your pocket, the minute you get into labour to the time you have your baby – it is all being billed!

And if you are in for a C-section, consider the amount doubled. Make sure if you are planning on taking an insurance, it covers you properly. It is essential that you thoroughly understand your insurance carrier’s maternity coverage policy. 

And side note, don't stay too long at the hospital!

POST BIRTH

You’ll now be purchasing things like a changing table, a crib, clothing and those first few batches of diapers – and the odds.

The baby industry is perhaps one of the fastest growing, and with so many options and the fact that every decision you make might affect your child can be overwhelming as a new parent.

Well, don’t forget – if you carefully think through it and budget your purchases, all of your anxiety will be managed.

When you choose a hospital or a service, make sure that you stay clear headed in the process. Pregnancy and childbirth can be get quite sentimental, and blind your emotions. If you are not able to do it yourself, get the help of someone who can. Get guidance and advice from friends who’ve been through it, and learn from their experiences. Shop around, weigh all your alternatives and negotiate.

READ ALSO:  TAKING CHILD INSURANCES SERIOUSLY

READ ALSO: MAKING YOUR CHILDREN FINANCIALLY INTELLIGENT

 

Written By: BALAKARTHIGA.M



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