Neha Nagar Instagram – How to check if you are ready for a baby or not?
Here’s a simple rule-
It’s called the 1-100-10 Rule
1.You should be able to cover 100% of the costs of having the baby, including before and after pregnancy expenses.
2.You need to have enough money saved up to cover childcare costs for at least 1 year in advance.
3.You can spend around 10% of your total income on raising the child.
For example, if you and your partner have enough savings for the first year of child expenses, and
your combined income is 20 lakh rupees, it means you can spend up to 2 lakh rupees each year on raising your child.
If you can manage to do that, then it might be a good time to have a baby.
Follow @iamnehanagar for more interesting reels. | Posted on 04/Apr/2024 17:31:51
