New Parent Budget Adjuster

Adjust your household budget for a new baby including childcare, diapers, health insurance, and income changes.

Current monthly budget ($)

Childcare/month ($)

Diapers & formula/month ($)

Health insurance increase ($)

Income change (%)

Tab to move between fields

Total baby cost/month ($)

$1,725.00

First year baby cost ($)$20,700.00

Adjusted income/month ($)$4,500.00

Monthly shortfall ($)$2,225.00

Lifestyle savings/month ($)$400.00

Required monthly income ($)$6,725.00

New Total Expenses$6,225.00

Budget Gap-$2,725.00

How to Use This Calculator

Start with your current pre-baby monthly budget totals.
Add new fixed expenses: childcare cost, health insurance premium increase, diapers, formula if needed.
Adjust variable expenses for reduced dining out, entertainment, and personal spending.
Input any parental leave income reduction during leave period.
Review the adjusted monthly budget and identify the top three areas to cut to stay solvent.

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