Having a baby is not cheap and in fact it can get downright expensive. Of course, you can buy generic brands and do your best to save money, but baby formula and other baby supplies cost money. You may be planning for a baby and are curious about the average costs of these products on a monthly basis. The following overview will help you better understand how much it costs to meet your babys basic needs.
First of all, there are all kinds of formulas on the market. Some are organic while others are soy. Still others have special enzymes and are specially formulated for different types of babies. You will need to buy the type of formula recommended by your pediatrician. Keep in mind, though, that you may have to try several formulas before you find the right one for your baby. In general, a good formula may be purchased for 12 cents per ounce. Although there are definitely some that cost more than that. Your baby will drink about 30 ounces of formula per day. That relates to $3.60 each day. However, at two months of age your baby will start drinking 40 ounces per day at a cost of $4.80 per day. This results in $146 per month in formula through month six when your baby goes back to about 32 ounces of formula per day. Overall, in your first year of formula feeding you can anticipate to spend about $1500 – $2000 just on the formula. That doesnt count the bottles, liners, nipples, and the like that are also required.
Other baby supplies include diapers and wipes. Most babies go through 8-12 diapers per day in their first few weeks and months of life. This means just as many or more wipes are used. On average the diapers will cost you about $80 – $150 per month until your baby is a little older. Wipes will probably cost you $30 per month since they arent quite as expensive.
Then, you have the other baby necessities like clothes, furniture, car seats, and the like. The list goes on and on and the prices keep going up. It is estimated that the family with their first child spends somewhere between $9,000 and $11,000 in the first year of their babys life.