First Year Baby Cost Calculator

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3						First Year Baby Cost Calculator
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5		How to use:
6		First, go to File > Make a Copy. Then, answer any questions in the left column to get accurate recommendations. Once you've answered all the questions, an estimated total will appear in the bottom summary. Most items will have an inexpensive option, and a more expensive option. Choose which items you plan on purchasing, and copy and paste them into the budget worksheet in the right column.
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10	Tax Credits					Budget Worksheet
11	A tax credit is an amount of money that people are permitted to subtract, dollar for dollar, from the income taxes that they owe. These tax credits are based on how many children you have, your filing status, and your income. This is just an estimate of tax credits you may receive. Consult a tax professional before filing for any tax credit.					Copy and paste the items you plan on purchasing from the chart on the left (note, please use Cmd+Shift+V, or right click and choose Paste special, Paste values only). Add any other items you plan on purchasing too!
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13	Questions					Item	Cost
14	How many children under 6 do you have? (Including your pregnancy)				0
15	Are you single or married and filing your taxes jointly?				Choose one
16	What is your annual income?				$0.00
17	Did you have less than $3,600 in investment income for the year?				Choose one
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19	Tax Credit				Credit
20	Child Tax Credit				$0.00
21	Earned Income Tax Credit				$0.00
22	Tax Credits Total				$0.00
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25	Nutrition
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27	Questions
28	Are you planning on breastfeeding or formula feeding?				Select one
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30	Recommended Items	Inexpensive Option	Cost	Expensive Option	Cost
31	Baby food	Qualified for WIC, or baby-led weaning	$0.00	Premade baby food, not qualified for WIC	$550.00
32			$0.00		$0.00
33	Nutrition Total	Low Total:	$0.00	High Total:	$550.00
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36	Hygiene
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38	Recommended Items	Inexpensive Option	Cost	Expensive Option	Cost
39	Diapers	Reusable diapers	$75.00	Disposable diapers	$530.00	Subtotal	$0.00
40	Wipes	Reusable wipes	$10.00	Disposable wipes	$290.00	Minus Tax Credit	$0.00
41	Baby shampoo		$15.00		$15.00	Total	$0.00
42	Other bathing items		$0.00		$40.00
43	Hygiene Total	Low Total:	$85.00	High Total:	$820.00
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46	Clothing
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48	Recommended Items	Inexpensive Option	Cost	Expensive Option	Cost
49	Onesies	Second-hand onesies	$37.50	Brand new onesies	$150.00
50	Pants	Second-hand pants	$25.00	Brand new pants	$100.00
51	Specialty Clothing (Snowsuits, other weather specific items)	Second-hand specialty clothing	$17.50	Brand new specialty clothing	$70.00
52	Clothing Total	Low Total:	$62.50	High Total:	$250.00
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55	Life's Essentials
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57	Recommended Items	Inexpensive Option	Cost	Expensive Option	Cost
58	Carseat	Infant carseat	$100.00	Convertable carseat (long-term savings)	$300.00
59	Sleeping arrangement	Co-sleeping	$0.00	Crib or bassinet	$100.00
60	First aid & safety		$100.00		$100.00
61	Life's Essentials Total	Low Total:	$100.00	High Total:	$400.00
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64	Medical Costs
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66	Questions
67	Are you planning on having a vaginal birth or c-section?				Select one
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69	Recommended Items	Inexpensive Option	Cost	Expensive Option	Cost
70	First-year baby wellness visits	With insurance	$0.00	Uninsured	$700.00
71	Select one		$0.00		$0.00
72	Medical Costs Total	Low Total:	$0.00	High Total:	$700.00
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75	Child Care
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77	Questions
78	Will you need professional childcare?				Select one
79	Will you be able to take a 3-month maternity leave?				Select one
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81	Recommended Items	Inexpensive Option	Cost	Expensive Option	Cost
82			$0.00		$0.00
83	Child Care Total	Low Total:	$0.00	High Total:	$0.00
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86	Totals		Low End Cost		High End Cost
87	Nutrition		$0.00		$550.00
88	Hygiene		$85.00		$820.00
89	Clothing		$62.50		$250.00
90	Life's Essentials		$100.00		$400.00
91	Medical Costs		$0.00		$700.00
92	Child Care		$0.00		$0.00
93	Tax Credits		$0.00		$0.00
94	Total		$247.50		$2,720.00
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