When you are on the way to becoming a parent, experiencing mixed feelings is normal. Many parents feel nervous, happy, afraid, and much more at the same time. There is nothing to worry about, it is natural. After all, you are going to have a little person of your own. The idea of raising him or her and sharing all the joys of life is very tempting.
But becoming a parent also means becoming responsible. The pregnancy stage is very crucial as it requires one additional thing on top of your already full plate – money management. Many young parents end up spending too much unnecessarily during the pregnancy period which raises problems in the future. You have to learn to manage your money effectively for the expenses are going to increase swiftly once the baby opens his/her eyes.
Understanding two things can help you a lot- pregnancy expenses and plan ahead. This will enable you to make informed decisions and save some money in the long run. But there is nothing to be worried about, just follow these steps and you will be fine.
Check Your Insurance
For those who have insurance, make sure to know how much you are covered. Make a list of questions and ask your agent about possible complications. Specifically, ask about whether your plan offers delivery coverage. Knowing your covered duration of hospital stay will help you prepare accordingly. For those who don’t have insurance, maybe now is the time to look for some plans.
Compare Hospital Costs
Hospital stays at the time of delivery and the actual delivery procedure are costly. Different hospitals have different rates for operations and normal delivery cases. Moreover, per day stay rate also varies from hospital to hospital. Make sure to compare what different hospitals charge. This will help you make an informed decision keeping your insurance coverage in view.
Consider the Leave Days
Maternity and paternity leaves are common now but they don’t necessarily come with full salaries. You have to be prepared for this shortfall. You don’t want to be caught in the middle of financial crises produced due to taking time off work with a newborn at hand. Account for your leaves and consequent shortfall and plan accordingly.
Coming a new baby often involves large-scale shopping for all kinds of stuff for the newborn. In reality, the baby doesn’t even need all of the stuff people buy. Actually, the idea of having a new person is tempting that it makes people pile up all kinds of stuff from clothes to gadgets and toys. Focus on the things the baby needs right away. You can also go second-hand for things like a stroller, car seats and the like.
Don’t Ignore Your Own Health
Many parents ignore their own health in all this activity. Remember, the best thing you can do for your baby is to take care of yourself. A healthy diet and proper care during pregnancy can avoid many pregnancy complications which in turn can save a lot of money. Moderate exercise and a nutritious diet are key factors during pregnancy. Taking prenatal vitamins with the consultation of your gynecologist can be helpful. Never try anything without prior permission from your doctor.
NAP: EMU OB-GYN Gynecologists Center Queens
8340 Woodhaven Blvd Ste 4 Glendale, NY
11385 (929) 299-6121