Plugin Install : Cart Detail need WooCommerce plugin to be installed.
Money News Network
  • Wealth
    • Personal Finance Tips
    • Retirement Hacks
    • Investing Moves
    • Beating Debt
  • Career
    How to Stay Motivated When Your Goal Is Far Away

    How to Stay Motivated When Your Goal Is Far Away

    How to Do the Thing You’ve Been Avoiding

    How to Do the Thing You’ve Been Avoiding

    How to Use Fear to Push You Forwards

    How to Use Fear to Push You Forwards

    One Thing Better - Newsletter by Entrepreneur editor-in-chief Jason Feifer

    How to Avoid Distractions and Get Important Things Done

  • Culture
    How Much is a Scandal Worth

    How Much is a Scandal Worth?

    Can Money Buy Happiness? Ask Britney Spears.

    Can Money Buy Happiness? Ask Britney Spears.

    Shakira on Trial for Tax Fraud

    Shakira on Trial for Tax Fraud? But Hips Don’t Lie?

    What We Can Learn From Celebs Who Rent

    What We Can Learn From Celebs Who Rent

  • Podcasts
    • All
    • Help Wanted
    • Money Assistant
    • Money Maker | Mi Mundo Rico
    • Money Rehab
    • Trade Like Einstein
    • We Have Options
    Money Maker | Mi Mundo Rico with Nely Galán

    Una Lección de Negocios que Debemos Recordar

    Money Maker | Mi Mundo Rico with Nely Galán

    In Business, Never Lose Sight of This

    Money Rehab with Nicole Lapin | Money News Network Podcast

    Greed on Trial, Branson’s Backup and Tax Hacks

    Help Wanted with Jason Feifer and Nicole Lapin

    “How Can I Set My Business Apart From Competitors? Help!”

    Money Rehab with Nicole Lapin | Money News Network Podcast

    Legal Loopholes the Rich Use To Get Richer— and You Can Too!

    Money Rehab with Nicole Lapin | Money News Network Podcast

    Elon Musk Told Advertisers To “F—k Themselves,” Here’s Our Hot Take

    • Money Rehab
    • Help Wanted
    • We Have Options
    • Money Maker | Mi Mundo Rico
    • Trade Like Einstein
    • Money Assistant
  • Shop
No Result
View All Result
SUBSCRIBE
  • Wealth
    • Personal Finance Tips
    • Retirement Hacks
    • Investing Moves
    • Beating Debt
  • Career
    How to Stay Motivated When Your Goal Is Far Away

    How to Stay Motivated When Your Goal Is Far Away

    How to Do the Thing You’ve Been Avoiding

    How to Do the Thing You’ve Been Avoiding

    How to Use Fear to Push You Forwards

    How to Use Fear to Push You Forwards

    One Thing Better - Newsletter by Entrepreneur editor-in-chief Jason Feifer

    How to Avoid Distractions and Get Important Things Done

  • Culture
    How Much is a Scandal Worth

    How Much is a Scandal Worth?

    Can Money Buy Happiness? Ask Britney Spears.

    Can Money Buy Happiness? Ask Britney Spears.

    Shakira on Trial for Tax Fraud

    Shakira on Trial for Tax Fraud? But Hips Don’t Lie?

    What We Can Learn From Celebs Who Rent

    What We Can Learn From Celebs Who Rent

  • Podcasts
    • All
    • Help Wanted
    • Money Assistant
    • Money Maker | Mi Mundo Rico
    • Money Rehab
    • Trade Like Einstein
    • We Have Options
    Money Maker | Mi Mundo Rico with Nely Galán

    Una Lección de Negocios que Debemos Recordar

    Money Maker | Mi Mundo Rico with Nely Galán

    In Business, Never Lose Sight of This

    Money Rehab with Nicole Lapin | Money News Network Podcast

    Greed on Trial, Branson’s Backup and Tax Hacks

    Help Wanted with Jason Feifer and Nicole Lapin

    “How Can I Set My Business Apart From Competitors? Help!”

    Money Rehab with Nicole Lapin | Money News Network Podcast

    Legal Loopholes the Rich Use To Get Richer— and You Can Too!

    Money Rehab with Nicole Lapin | Money News Network Podcast

    Elon Musk Told Advertisers To “F—k Themselves,” Here’s Our Hot Take

    • Money Rehab
    • Help Wanted
    • We Have Options
    • Money Maker | Mi Mundo Rico
    • Trade Like Einstein
    • Money Assistant
  • Shop
No Result
View All Result
Money News Network
No Result
View All Result

The (Real) Cost of Conceiving

And the cost of not conceiving. That has expenses too!

Nicole Lapin by Nicole Lapin
April 4, 2023
in The Money Minute, Wealth
Reading Time: 2 mins read
The (Real) Cost of Conceiving

RELATED POSTS

What Should You Invest In? The Clue Is Closer Than You Think

The Three Best AI Apps for Your Finances

Tips For Student Loan Repayment, Beating Overages and Finding Your Dream Mentor

As with most things in life, you don’t know until you try.

And you won’t know if you will be able to get pregnant until you get down to business. Unfortunately, difficulties conceiving (even after you’ve successfully given birth previously) and carrying and birthing a child are way more common than you might think. Here’s a scary fact: one out of every five pregnancies ends in a miscarriage. Fertility issues are also expensive, from tracking your ovulation to IVF to surrogacy. Maybe you’re at the other end of this spectrum: you’ve started your dream family, and want to invest in NOT having any more kids. Well, that’s totally fine, too — but can also get expensive.

In my upcoming premium articles, I’m going to take you through your options at every stage of conceiving (or not conceiving) and what they cost. We’ll also go over how to financially prepare for long-term contraception, including birth control, IUDs, and hysterectomy procedures. With preparation and the right strategy, you should be able to afford your most precious of family dreams without going bankrupt in the process.

Before you get on top, get on bottom

…with your bottom line, that is. You may know by now that I am a huge proponent of having 6-9 months’ worth of expenses saved at all times, in case of emergency. Before you pay down debt, make a big life purchase like a car or house, or get into investing, you’ve gotta have a rainy day fund that will support you in case shit happens: you get sick, lose your job, start your own business, etc. This is true before you start saving for a family, too. So, once you have those “break in case of emergency” funds squared away, how much additional cash should you stash every month to put toward a family?

Well, it depends on your financial goals. At the very least, if you have decided that you don’t want children at all, ever, then this number might be around $10,000 for a lifetime of birth control and/or a hysterectomy (assuming an outlay of $300 or so per year, depending on your insurance, from age 18-50 aka menopause). So that’s $10,000 on the low end. That means you want to save around $25-50 per month to put toward your reproductive health.

But if you do want a family, and plan to raise that kid or those kids until they go to college, you’re looking at anywhere from $50-5000/month just to get pregnant (from ovulation kits and prenatal vitamins on the low-end to IVF treatments on the high end) and then another $1000 per month, per child as you raise mini-you to adulthood.

Sound like a lot? It is. So that’s why it’s so crucial to set aside a separate savings account to start stashing cash for your family long before you have one, if that’s something that’s definitely in the cards for you. And even if it’s not definitely in the cards, better to squirrel some extra money away just in case. Times, feelings, circumstances change and the last thing you want is to change your mind about wanting a family only to come up short financially.

xo,
Nicole signature

Previous Post

Change Maker, Julie Smolyansky, CEO of Lifeway Foods, on Heritage and Helping Ukraine

Next Post

Is “Pump and Dump” As Gross As It Sounds?

More Articles

What Should You Invest In? The Clue Is Closer Than You Think
The Money Minute

What Should You Invest In? The Clue Is Closer Than You Think

What Should You Invest In? The Clue Is Closer Than You Think If you’re new to investing, the stock market...

by Nicole Lapin
The Three Best AI Apps for Your Finances
The Money Minute

The Three Best AI Apps for Your Finances

As a financial pro, I am personally stoked about all of the new money-making opportunities AI is delivering to our...

by Nicole Lapin
Tips For Student Loan Repayment, Beating Overages and Finding Your Dream Mentor
The Money Minute

Tips For Student Loan Repayment, Beating Overages and Finding Your Dream Mentor

Let’s try something new! I’m experimenting with a new format because ya girl is always learning and growing. On Fridays...

by Nicole Lapin
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Money News Network

Money News Network is the premier podcast-driven financial news and information destination. We create content that cuts through the typical Wall Street jargon to help inform, empower and inspire you on your money journey.

Latest

  • How to Get More Done — While Reducing Your Stress
  • Greed on Trial, Branson’s Backup and Tax Hacks
  • In Business, Never Lose Sight of This
  • Una Lección de Negocios que Debemos Recordar

Topics

  • News
  • Wealth
  • Career
  • Culture

Podcasts

  • Money Rehab
  • Help Wanted
  • We Have Options
  • Money Maker | Mi Mundo Rico
  • Trade Like Einstein
  • Money Assistant
  • About
  • Contact
  • Privacy
  • Terms

© 2023 Money News Network
The information on MNN is for educational purposes only and
is not intended as, and shall not be understood or construed as, financial advice.

No Result
View All Result
  • Wealth
    • Personal Finance Tips
    • Retirement Hacks
    • Investing Moves
    • Beating Debt
  • Career
  • Culture
  • Podcasts
    • Money Rehab
    • Help Wanted
    • We Have Options
    • Money Maker | Mi Mundo Rico
    • Trade Like Einstein
    • Money Assistant
  • Shop

© 2023 Money News Network
The information on MNN is for educational purposes only and
is not intended as, and shall not be understood or construed as, financial advice.