Everyone talks about different ways of taking care of your health and how much you can end up spending on if you get sick. But the one thing which is common across mankind is ignored in these conversations.
Hardly any one talks about how actually HAVING a child is also expensive!
The average cost of childbirth (vaginal births) in Tier 1 cities and metros in India at private hospitals ranges between Rs 45,000 and Rs 55,000. However, the cost of Caesarean-sections in private hospitals can range between Rs 70,000 and Rs 2,00,000, depending on the level of complications.
Before the delivery, there will be costs related to the pregnancy for regular check-ups, medicines and medical tests! Once the baby is home, there will be recurring cost heads to deal with like doctors’ consultation, vaccinations, medicines, clothes and other accessories.
In addition, there are maternity personal care related expenses that need to be accounted for
Assuming that you can take care of hospital charges, maternity needs, baby’s needs, vaccinations, the amount can be anywhere upwards of ~Rs.3 lakhs!
It is important to start planning early and start investing beforehand to meet these expenses. If you have 3 years before you have a baby start considering investing at least Rs 7,000 - 8,000 /month in short term income funds or something similar!
If you’re considering being a mom, this reel is for you, tell us in the comments if you’ve faced any of these expenses! If you know someone who is considering it, share it with them, and stay tuned for investment related information on this.
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