The financial cost of having a baby

The importance of financial readiness for having children can’t be stressed upon enough. Surprisingly, this topic hasn’t made it to popular discourse yet.

Babies are one of the most natural things to happen to anyone, even an inevitability. More so in India. The familial pressure on couples to procreate is constant and is fuelled by a culture that shows no restraint while commenting on the lives of others. But the decision to have a child isn’t simple or straightforward. It requires readiness—mental, emotional, physical and, most importantly, financial.

The importance of financial “readiness” for having children cannot be stressed upon enough. You simply cannot have a baby if you don’t have an assured and steady stream of income, apart from emergency savings to …


Lavanya Mohan

Lavanya Mohan is a chartered accountant and writer from Chennai.