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Can you afford to have a baby? Find out.

Mother’s Day just went and as usual, we added a card to our mother’s junk pile. But this may have also set some hormones raging making you want to have a baby of your own who gives you cards because no one gives cards these days. Planning a baby is a lot of fun. Of course because you get to have sex but also there’s the excitement of having a new member in the family, of feeling sick all the time and the lady looking like a barrel. And while pregnancy and the first year are all things beautiful and poopy, maybe you haven’t fully thought the financials through. Or maybe you have but I put together a list of the basic expenses as a guideline. Have a read and let me know what you think.

PREGNANCY TO DELIVERY

Pregnancy is a beautiful time for the father to be because nothing changes. Except he now has a cranky wife and he may be cleaning puke. For the mothers it is a roller coaster ride from hormonal changes to weight gain to restrictions on diet and all sorts of things. I put together a rough estimate of the expenses you may have to incur during this time.

Sonography – You will require 5 atleast. They are Rs.2000 each (give or take some) – Rs. 10,000

4 blood tests – Estimated and average – Rs. 6000

7-8 visits to the doctor during the course of 9 months at Rs.1000 per visit.- Rs. 8,000

The charges of the gynaecologist- Rs. 80,000

Normal delivery charges- Rs. 70,000 (please add approx. Rs.80,000-100,000 to this if it is a C section)

Anesthesia and pediatrician charges at the time of birth – Rs. 70,000

Then there’s the hospital charges of a room post delivery – Rs. 35,000 for 3 days

TOTAL: Rs.279,000 (this figure does not take into account the nutritive requirements of the mother and the clothes and accessories she will need)

POST DELIVERY to 1 YEAR

Baby is born and everyone is going googoo gaga over the little one. The little one poops quite a bit, unnerved by all the attention and trust me, you would poop too if you saw the kind of faces people make. The mother is exhausted and sleepy all the time. Not to forget, most mommies are despressed at this point. The father is in charge of paying the bills and arranging for diapers and more diapers. So, here’s how much you will be shelling out within the first year.

Diapers – A pack has about 46 diapers. For the purposes of easy calculation and also because I don’t like decimals, I have calculated each pack having 40 diapers. For the first 6 months, they are only on the moms feed and they poop and pee 7-8 times per day. That means a pack lasts 5 days- For a month, this works out to Rs.3600

For first 6 months, diaper cost – Rs,21,600

Next 6 months, the baby uses only 5-6 diapers a day. I calculated at 5. This would require 4 packs per month. For next 6 months, diaper cost – Rs. 14,400.

Total diaper cost: Rs. 36000

After 6 months, the baby is also given formula. 1 packet from a good brand (there are many and most new mothers experiment and see what their child likes) will cost Rs.500 which lasts for 2 days.For 6 months, the cost of formula works out to – Rs.45,000

Products for the baby range from Rs.300- 500 per pack. We are talking things like baby shampoo, lotion, powder etc. For the first year, this works out to – Rs. 10,800

Baby accessories like a cot, bathing chair, sterilizer for the bottles and utensils comes up to – Rs.32,000 but prices vary wildly in this segment. Brands charge you anything from Rs.3000 to Rs.7000 for a sterilizer.

The first year also involves a bunch of vacinnations. At birth, the baby is given a vaccine that costs anything from Rs.6000 to 10,000. I have taken the figure of Rs. 6000. At 6 weeks, the kiddo is taken for another shot which costs about the same. At 10 weeks, the little one is taken for another date with the syringe which costs about Rs.8000. At 14 weeks, the child is subjected to one more which costs Rs. 4000.This brings us to –Rs, 24,000

COST OF 1ST YEAR – RS. 150,000

TOTAL COST  – RS. 429,000

This could put things into perspective. http://lilavatihospital.com/Tariff_PDF/maternity-services-v1.pdf

Tips to reduce costs

1) Don’t have baby

2) Don’t make baby wear diapers. Allow it to poop and pee everywhere.

3) Wait for baby to grow and emotionally blackmail it to fund your needs.

PLEASE NOTE THAT THIS ARTICLE IS MEANT TO GIVE BASIC INFORMATION. MANY EXTRA COSTS, THE COST OF MATERNITY AND CHILD’S CLOTHING HAVE NOT BEEN TAKEN INTO ACCOUNT BECAUSE THESE VARY GREATLY. THE COSTS GIVEN HERE ARE OF A GOOD HOSPITAL.  Please note that all the figures are estimates and do not serve as absolutes

3 Comments

  1. I love your first two tips to reduce costs. What does number 3 mean? Does it mean don’t worry about the costs?

    Like

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