It's no secret that having a baby can be expensive. But what many people don't realize is that an unplanned pregnancy can have a major impact on your finances - even if you're not the one who is pregnant.
If you are the one who is pregnant, you may be faced with unexpected medical bills, time off from work, and the need to find child care.
Having a baby is one of the most wonderful things in the world. But it can also be really expensive. If you're not prepared financially, an unplanned pregnancy can impact your finances in a big way.
1. You'll have to take time off work. If you're not able to work during your pregnancy, or if you have to take unpaid leave, that can impact your income.
2. You may need to go on government assistance. If you're not able to work, or if your income is low, you may qualify for government assistance programs like Medicaid or food stamps.
3. You'll have extra medical expenses. Pregnancy and delivery can be expensive, even with insurance coverage.
