Written by Jere SalmistoReviewed by CalcFi EditorialLast verified: 2026-05-13

New Parent

5 calculators in this journey

Plan your finances for a growing family — from childcare costs to saving for education and ensuring protection.

Step-by-Step Guide

Estimate the costs of raising a child including food, clothing, childcare, and more.

Calculate how much life insurance you may want to protect your family.

Plan education savings for your children using tax-advantaged 529 plans.

Adjust your budget to account for the costs and lifestyle changes of becoming a parent.

Estimate childcare expenses for different care types (daycare, nanny, preschool).

Complete all 5 steps of this journey and we'll track your progress. Start with the first calculator and we'll guide you through the rest.

How much does it cost to raise a child?

The USDA estimates $233k-$284k over 18 years. Our calculator helps you understand costs broken down by category.

How much life insurance do I need?

A common guideline is 10x your income, but our calculator personalizes this based on your family situation and debt.

Should I open a 529 plan for education?

529 plans offer tax-free growth for education expenses. Our calculator shows how much to save for different school types.

How much does childcare cost?

Costs vary dramatically by location and care type (daycare, nanny, preschool). Our calculator helps you budget for your situation.

How do I adjust my budget for a new baby?

Consider reduced income, increased expenses, and larger emergency fund. Our planner helps you model your new family budget.

5 steps

Assess your debt load, build a payoff plan, and create the budget that keeps you debt-free for good.

Browse all 100+ calculators or explore other guided journeys.