Deciding when to add to your family is a huge decision that includes so many factors! For many families, one of the biggest questions comes down to finances – Can we afford to have a baby? How much does it cost to have a baby? The initial medical costs aside, adding a baby to the family will come with many recurring costs. If you are not a parent, it can be hard to know how having a baby will affect your family’s finances. Let’s take a look at the real costs of adding a baby to your household and try to answer the question – How much does it cost to have a baby?