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When Kyle and I got together, our family was pretty much complete already. Certainly, we did talk about the possibility of having more children but with both of us bring in two children already, we were also content enough with what we had. Squeaker, obviously, had other plans. And quickly we realized our blended family of six, would soon be a blended family of seven. One of the first things that we started talking about was how we were going to afford said new baby. Kyle has a pretty good job, and at the time I was still working part time. But after the baby got here? Well, that was another matter entirely. It might have been two months in when we started talking about budgeting for a new baby and about five months in when we looked at our expenses and actually created our new budget.

Are you financially ready for a new baby? Today we're going to talk about budgeting for a new baby and other ways that you can start saving for a sunny day.

A new baby brings a lot of joy and hope to a family.

It also brings some uncertainty. You may be concerned that your home is too small, or that you need a larger car, among others. Whether you are expecting your first or your fifth child, chances are that you need baby gear! There are hundreds of different items that you need when the baby arrives, and it is important to remember that stocking up doesn’t mean you have to clean out the bank account.

If you do a little bit of research beforehand, you can get everything that you need at a fraction of the retail price or even for free depending on where you go.

You should also determine what your new baby will really need. Aside from essentials such as diapers and baby wipes, here are a few bigger items that you should budget for:

  • crib
  • crib mattress
  • stroller
  • car seat – will you buy an infant seat and then a bigger seat? Or will you start with a convertible seat?
  • baby gates and other safety equipment
  • baby monitor
  • medical expenses (not covered by insurance)

If you’re lucky, you just might have friends or family who have these items already. Ask and see if you will be able to use them. Just be sure that with the car seat that it’s less than five years old.

Other important things to factor into your new baby budget include:

  • diapers
  • wipes
  • clothes
  • feeding supplies

sunny day family new baby ggnoads

And then the day that your new baby arrives, are you prepared? Have you considered starting a bank account for your new bundle of joy? Have you thought about college expenses or what might happen if they need braces? How will you factor this into your budget?

Or, maybe you just want to save for a sunny day.

sunny day family 2 ggnoads

 Maybe you want to save for a family reunion, family vacation, camping trip, etc.. Whatever the case may be, it’s easy to start saving for a sunny day and Sun Trust can help.

Sunny Days start here. At SunTrust, we have the tools and resources to help you achieve your sunny day. Start here to find out how we can help you enjoy the things that matter to you.

At SunTrust Bank their purpose is lighting the way to financial well-being. When you feel confident about your money, you can save for your goals and spend knowingly on what matters most to you. They know we all live for the sunny days and want to you help you live yours.

Subscribe to the Shine newsletter and receive inspiration and advice twice a month to help you live for a sunny day.

Visit the SunTrust resource center anytime for help achieving your financial goals.

This is a sponsored conversation written by me on behalf of SunTrust Bank. The opinions and text are all mine.

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Digital Product Creator at Kori at Home
Kori is a late diagnosed autistic/ADHD mom. She is currently located in Albany, NY where she is raising a neurodiverse family. Her older daughter is non-speaking autistic (and also has ADHD and Anxiety) and her youngest daughter is HSP/Gifted. A blogger, podcaster, writer, product creator, and coach; Kori shares autism family life- the highs, lows, messy, and real. Kori brings her own life experiences as an autistic woman combined with her adventures in momming to bring you the day-to-day of her life at home. Kori is on a mission to empower moms of autistic children to make informed parenting decisions with confidence and conviction.

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