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Debt Burst Announces Tips for Managing Finances When Planning a Baby


Reno, NV, October 12, 2010 -- Having a baby is the most beautiful thing in the world and this awesome feeling should not be marred or diluted by financial worries. Plan ahead and save now!

There are many expenses that require consideration such as baby furniture, clothes, car seats, strollers, food, diapers and so on. For the big ticket items, one needs to look around if they can get used or hand-me-down items or add those items to the registry and maybe get them for free. If not, make sure to add those items to the budget along with the everyday items.

Good news, the big ticket items only need to be added once and will not be a monthly charge as will be formula, foods, childcare, healthcare and diapers. First and foremost make a budget.

Make a budget--Big ticket items vs monthly items

Big Ticket Items are one-time larger costs upfront but many items can be bought second-hand or sourced for free. There are always deals out there too so look for instant savings, coupons, discounts and even garage sales.

Changing tables
Car seat
Play pen
Baby furniture

Monthly Items - These will require budget allocation on a weekly/monthly basis. Help can be sought for these too, but these items will be frequent.

Baby food
Doctors visits payments
Bathing and changing articles- baby soap, lotion, wipes, oil, rash ointments and so on
Baby laundry detergent
Miscellaneous items
Utilities bills- the electric and water bills will go up so account for this.
Save money today!

Put money way into a savings account (set-up one if required). Start building up the little nest egg to support the baby. If there are other kids in the family take entire family into consideration when planning for a baby.

Don’t overlook this -

Medical Costs Of Having A Baby

Medical costs can overwhelm some couples, especially those with existing debt management issues. Some insurance plans require a payment of up to 20% of the delivery cost, which could be anywhere from $8000 to $10,000. Those costs will rise rapidly if any complications arise.

Income On Maternity Leave

Find out the employer’s policy on maternity leave? A typical short-term disability plan pays upto 60% to 70% of the gross income for a period of six weeks. That can be a sizeable decrease in income. If maintaining the budget by self is a problem, a credit counselor can help find ways to adjust it to best fit a family’s needs. Also, an employer may provide a flexible spending account for medical costs. If so, take advantage of it to save money for any potential uninsured costs that may arise.

About Debt Burst

Debt Burst creates programs for clients seeking both debt management and debt settlement debt relief solutions. They work with the clients to understand their needs and customize a plan to fit the client’s financial situation. With over 20 years of experience and commitment to the clients, Debt Burst helps clients manage their finances, take control of their lives, create a secure financial future and most of all become debt free. We are recognized leaders who have gone beyond the normal debt management and debt settlement services to offer assistance for our customers to maintain a debt-free and rewarding life. We are committed to excellence and strive for outstanding customer service and support. We’ve helped over 40,000 clients and settled over $1 million dollars of debt over the past three years.

Checkout what Debt Burst has to offer and learn more about our services at or call Debt Burst Today at 800.656.6204


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