Get Prepared for the Baby: Financial Resources

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Knowledge and Empowerment

We all know that the child’s birth requires a re-examination of a family's budget. From ultrasound scans during pregnancy to the gift of adulthood, every stage of your little one's life will be accompanied by new expenses and financial investments.

Planning a budget for your child seems overwhelming at first, but if you take a step back and don't allow the big picture to scare you, you'll see that there's no situation you can't cope with.

What Does It Mean to Born and Raise a Child?

In the USA, the average amount you’ll spend on childbirth and two days of hospitalization will be around $6,500. The Insurance company can cover these expenses only if you have a reasonable contract with your agent. But what if you didn’t manage to make it?

Although the expenses vary by family, the budget for the child represents 30% of the salary. Thus, in a family where both parents have the average paycheck per economy (let’s say $4,200), the monthly amount allocated to the child will be around $1,260. It is the amount you can afford to spend on childbirth.

Birth Expenses

How to Reach this 30%?

Prenatal checkups and childbirth are the first expense. Maternity involves certain costs, obviously higher if we are talking about a private institution. In addition to the actual birth, the “collateral” costs must also be considered - consultations, specific food, luggage, etc. Overall, in a conservative estimate, the birth budget is from $5,000 up to $15,000 (the most expensive private hospital).

As you see, this amount is more significant than your monthly or annual budget. Don’t panic, and let’s get things easily. A modern family should solve the problems in advance. That is why, if you’re parents-to-be, here are some financial resources you might get to cover childbirth expenses:

1. Medicaid

Medicaid is a federally funded program that provides financial help for pregnant women and postpartum medical care. It aims to help those with inadequate health insurance or without any insurance coverage. Eligibility criteria vary by state, but you can access the official website of Medicaid of your state to get informed about these requirements.

2. Women, Infants, and Children (WIC)

WIC aims to help low-income pregnant women, breastfeeding or postpartum, and struggle to give their children a nutritionally balanced diet. WIC provides supplemental nutritious food, counseling, nutrition education, and health screenings.

3. Temporary Assistance for Needy Families (TANF)

The TANF program is a tool that helps low-income families to cover their needs for raising children. Parents-to-be are provided with financial resources they can access once they met all the needed requirements, which vary by state.

Alternative Financial Resources

If you didn’t qualify for all this federal financial help, consider other options to cover childbirth expenses. There are many different financial institutions ready to help you. Banks or alternative lending companies may give you the money you need for bringing up your child.

The application process is much easier compared to banks. You apply online, one lender approves your request, and you get your money on the next business day. Depending on the sum you borrow, the repayment plan may have a single payment or monthly payments. You decide with your service provider.

Whatever your choice is, be sure that you won’t be alone in parenting and planning the budget. We are here to help you with that!

Any information provided by The Relievery on this package, our products, or on, is not intended to diagnose, cure or treat medical illnesses or conditions. The purpose of all information is educational only.  No responsibility is taken for any result that arises from the use of information provided on our packaging, products or website. The Relievery does not provide medical advice and is not a substitute for a medical professional. The creators of our content are not medical doctors. Always consult your doctor before engaging in any alternative practices.


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