Well, it’s been a month and I’m happy to report we didn’t spend a lot of money on the kid yet. Our friends were very generous at the baby shower and we have plenty of baby clothes and blankets. We even have a baby swimwear! We spent some money (gifts) on the usual crib, bassinet, car seat, and stroller, but other than that the boy hasn’t cost us a lot of money. There were some unexpected baby expenses though.
1. Our electricity bill more than doubled! Usually we leave the heater off and mostly warm ourselves up with our Kotatsu table. We set the thermostat to 70 degrees once the baby got home though and it cost quite a bit of money. Now that he is a bit bigger, I dropped the thermostat to 68 degree and I think we’ll be OK at that temp. The weather is also warming up and the heater is coming on less and less so next month should be a lot better.
3. The breast pump and paraphernalia expenses. We had a lot of problems with breast feeding and I had to run out and get a breast pump for the Mrs. Thanks goodness the Mrs. convinced me to get a rental($55) to try for a month first. I also picked up a few pump paraphernalia for about $100. These were all unexpected because the Mrs. hoped to just breastfeed for a while. In the end, we still had a lot of problems so the kid is on Kirkland formula now. It was a good thing I didn’t drop the $370 on a Medela.
That’s all the unexpected expenses for now. We also spent about $100 on a baby swing. This one wasn’t really unexpected and if it works as advertised, it would be worth every penny. The boy is pretty fussy and the swing is suppose to help keep him quiet. We had a $50 gift certificate to help bring down the cost a bit.
All in all, Baby RB40 has gained some weight and he is doing quite well. He is a noisy little guy though and I’m starting to feel the effects of sleep deprivation.
So those are our unexpected expenses so far. How about you? If you had a baby, did you get any unexpected bills? I’m sure unexpected expenses are going to be a recurring theme for us, that’s why I put #1 in the title… Ironically, our credit card bill went down in general since we haven’t gone out or done anything much. I’ll write about the February credit card bill next time.
Unexpected Baby Expense #2 is up!
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.
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