Be sure to ask if your insurance covers prenatal and maternity expenses. WebMD.com puts the average cost of childbirth at $3,000-$10,000, depending on the type of birth you have. Saving even a fraction of the cost for these expenses using your insurance can go a long way. When birth is near, see if your employer offers the Family Medical Leave Act (FMLA). FMLA lets you take 12 work weeks of leave in a single year to care for your child and recover from childbirth. Ask human resources about exercising this option and about maternity leave. Having a new baby means new experiences and responsibilities. Don't forget you do have options for tax deductions. Check with an accountant for more information. However, the most important thing to remember is that while babies arrive with expenses, they also provide something priceless: a lifetime of love and memories. If youâ€™re new to parenthood, youâ€™ll soon find out that even a little person can come with big expenses. Consider this advise, and enjoy your bundle of joy without incurring a bundle of debt.
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