A blog post by Becky Beaver. It’s no secret that starting a family is very expensive. According to the National Center for Children in Poverty, 21% of children live in families with incomes below the federal poverty threshold. As people embark on the decision to start a family, they must consider many financial factors long before a baby is due. When most people think of the costs of raising a child, they think: diapers, formula, medical expenses, and clothing, and clothing just to name a few. Whether a woman is recovering from childbirth or bonding with an adopted child, most parents want to take time to adjust to life with a newborn and be able to provide the adequate care babies need in their earliest stages.