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Military Benefits

Budgeting for a Baby While in the Military

2024-08-28

Military couples have a lot to consider when thinking about starting a family, especially when one or both of you are active-duty servicemembers. You’ll face similar issues to other new parents, as well as matters exclusive to the military community. Many issues will revolve around the unique financial situations of, and benefits available to military families.

AAFMAA shares insights on how to plan for a baby while you or your spouse is in the military.

How Much to Budget for a Baby

Starting a family is exciting and challenging. Among the biggest challenges is finances. There are many expenses to consider, some of which might surprise new parents. However, a  solid budget and a savings plan will help you achieve financial peace of mind as your family grows. 

As you prepare for your little one’s arrival, consider the costs of having a child while you are in the military. 

Some costs to plan for include:

  • The cost of childbirth — how much will TRICARE cover?
  • If you’re adopting, what costs does the Department of Defense cover?
  • Will you need a larger home?
  • What are your childcare options as a military family?
  • How much will baby essentials cost? 
    • Essentials include formula, bottles, diapers, clothes, baby furniture, strollers, etc.
    • Keep in mind that babies grow fast, which means they outgrow diaper and clothing sizes every few months or quicker
  • Will you undergo any fertility treatments? If so, what costs are covered by the military?

When to Start Budgeting for a Baby While in the Military

Ideally, you’ll begin the process of budgeting for a baby well before it’s born, which might mean months or years ahead of time. Remember there are always unexpected expenses when it comes to having a baby — and in life. There’s really no such thing as having too much money saved up.

First, do some research.  Ask other military parents for their advice on financial planning for a baby. What worked for them? What didn’t work? What was their actual experience with military benefits? What caught them by surprise? What did they feel was a waste of money?  For example, do you really need the fanciest, top-of-the-line stroller?

Then, create a spreadsheet or use a budgeting app that lists all your current expenses deducted from your current income and add in all the potential expenses you should expect after the baby arrives. That will give you a good idea of what you have left over and how much you should set aside each month as you build your baby savings.

How Much Maternity or Paternity Leave Does the Military Offer?

Knowing how much parental leave you can take in the military helps you plan for the days and weeks after the baby arrives. The 2022 National Defense Authorization Act requires the military to provide up to 12 weeks of paid parental leave for both primary and secondary caregivers.

This means that active-duty new moms who also are the primary caregivers could receive 12 weeks of parental leave in addition to their six weeks of convalescent leave for a birth or adoption. 

The non-birth parent is allowed up to 12 weeks of caregiver leave. However, details of parental leave may vary by service branch, so make sure you get the complete details directly from your command .

AAFMAA Offers Services to Help You Plan

AAFMAA helps servicemembers plan for major milestones in life, including having a baby while in the military. From helping you find the perfect house for your growing family to adjusting your life insurance, we’re here for those who serve our country and their growing families.

Contact us today to learn more about AAFMAA’s Membership benefits for military families.


This article was originally published November 1, 2022.