What Do You Need to Budget for a Baby These Days?

Whether you're having a baby or adopting a child, growing your family is a big lifestyle change. The first year with a new child, whether your first or your fifth, can be overwhelming on many levels. One way you can make sure you and your family are adequately prepared is by organizing your finances to support your new addition.

There are several ways you can get started, but the first step is calculating how much your new bundle of joy will cost.

Calculating the Cost of Having & Raising a Child

If you're having a baby, or are planning, according to FAIR Health. The average cost to adopt in the United States , according to a report in .