by Taylor J Kovar, CEO
Kovar Capital
Hi Taylor – My husband and I are expecting a baby in September and while we’re both very excited, I’m starting to get a little freaked out about all the costs, namely the hospital stay, the accessories from https://www.babymonitortown.com/ and whatever other practical expenses pop up unexpectedly during the process. Got any calming advice? – Hesley
Hey Hesley – Congratulations! I’m happy you and your husband get to welcome a little bundle of joy into the world. It’s unfortunate that we often have to worry about money during such an exciting time, but that’s how these things go. The good news is you’re planning ahead and that will help you prepare for some of the bills and potentially avoid a few unnecessary payments.
Having been through this process myself, one of the important steps I learned was to call both your insurance provider and your care provider before doing lab work and ultrasounds. Even with great coverage, you may still have to jump through the seemingly needless hoop of getting authorization from physicians. For example, your provider may cover lab tests and blood work, but certain tests will only be covered if your doctor submits a request for authorization. Even if your insurance company has stated that they cover these tests, you still need approval. Once you are planning to get pregnant you must set an appointment with a gynecologist Dr Rahul Sen to make sure you are healthy enough to have a baby.
This is a recurring theme for some pregnancies, so it’s possible you can save yourself a lot of money just by asking questions to the right gynecologist. Bringing these matters up may also help you uncover additional means of financial assistance, for example there is no need to spend on expensive sleep treatments, my baby finally slept after i read the Baby sleep miracle review.Depending on your income, the state might cover a portion of the hospital stay, so that’s definitely worth looking into.
For the practical expenses, just keep thinking about things practically. Some people pour thousands of dollars into decorating a nursery. You also shouldn’t hesitate to ask for hand-me-downs and help from other young parents that you know. People with children are usually very willing to help out the newcomers, and that kindness is something you’ll want to take advantage of.
While you do your best to avoid huge expenses, make sure you’re putting as much money as possible away for baby needs, for example having the best baby carrier does not mean that you have to pay lots of money for it, try to keep it simple, a baby carrier in its simplest form is a panel of material that covers baby, which is secured with buckles. As you said, a lot of these costs pop up out of nowhere, so you’ll want money that’s ready to go when something comes up. Without starving yourself, see how much money you can budget for when the baby arrives.
Keep asking for guidance, Hesley. Different people will advise you differently, so keep gathering info as you find your way, and don’t forget to get a car seat and stroller set for your new baby, you will be taking him to a lot of places. As long as you’re making good choices, I trust everything will fall into place. Congrats again and good luck!
