How do you know if you're in a 'good' state to give birth?
WalletHub offers an all-encompassing look in their studies, and this one proved no different. For instance, when looking at the cost of labor and delivery, they took both Cesarean and conventional delivery costs into account separately instead of averaging between the two. They also looked at not just the cost of babysitting but also the cost of early childcare.
Why is the latter important? There is a ton of evidence-based data available from the CDC that says COVID puts pregnant moms and babies at higher risk, meaning vaccines are an effective way to keep everyone safe. So knowing you're getting pregnant, carrying your baby, and then raising your baby in a community where people get the jab to protectNot everyone can pick up and make an exodus from South Carolina to Massachusetts.
“The biggest financial mistake that prospective parents make is planning avoidance. Many families are anxious or intimidated when it comes to budgeting or financial planning with the addition of children. Whether it is intentional or unintentional, they avoid thinking about these challenges, or maybe they assume that things will just work out. A lot of these planning mistakes vary as a function of family income and savings,” says Meyers.