Costs of Being a Teenage Parent Family

Costs of Being a Teenage Parent Family

One of the things that may come as a shock to teenage parents is how much their little bundle of joy will cost them over the years. You can possibly pay up to $10,000 in the first year, including your hospital costs. By teenparentingmagazine

The biggest expense for your new baby will be healthcare, but other items that will be quite costly are diapers, formula, wipes, and lotions. Then you need to take into account the costs of cribs, prams and baby clothes.

It may be helpful before the baby is born to sit down with a responsible adult and work out a budget and try very hard to stick to your budget, which can be found in Parenting Magazines

This is not a time to be proud, if you have friends or family members that have children and they offer you their hand-me-downs, don’t be ashamed to take them. Babies don’t stay in clothes for long, they outgrow them before out wearing them so most hand-me-downs are still in very good condition and this can save you a lot of money.

You may be able to get financial help from your parents, but most teenage parents are not able to rely on their parents. Your parents have their own lives and their own families to support.

Although many parents will help out as much as they can, particularly if they want their teenagers to stay in school and still be able to gain a good education.

Quite often teenagers will need to combine a part-time job with government support as well as possibly continuing at school. It really is important to continue your education if this is possible to give both you and your baby the best future possible.

You may be able to temporarily stop school for the early stages and return to school when your baby is at an age that you don’t mind sending them to childcare.

If you are a single mother then you will need to let your state Health and Welfare Department know who the father is so that you can collect child support from him. A single mother must identify the father of the child to receive benefits.

Once you have identified the father of the baby, he must pay you child support, which will usually be taken directly out of his pay check. A father that refuses to pay child support for his child can be sent to jail and will possibly lose his driver’s license.

If the father of your baby is also a teenager and still living with his parents, it may be more difficult for him to pay child support. Under these circumstances he may be able to pay child support jointly with his parents.

It is just as important that the father be able to continue with his education to give himself a better future, but he will possibly have to work part-time to be able to provide you with some child support.

Things may seem to get hard at times but remember there is always a light at the end of the tunnel and things will work out in the end. Be organised, set your budget and work hard at sticking with your budget is the best way to ensure you will cope well with your finances.