What's inside
- Setup for two parents (or one): take-home pay now, months of leave, pay during leave, your usual spending, childcare cost and start month
- Up to 40 one-time items with the month you'll buy them, minus gifts and hand-me-downs, and up to 30 monthly items with start and end months
- The first 12 months side by side: pay, usual spending, baby costs, childcare, the gap to cover from savings, and savings left
- The lowest point of your savings and when it happens, how much extra to save before the birth, and a warning if you'll spend more than you earn once leave is over
- Sample file: two incomes, 4 + 1 months of leave, daycare from month 5. $11,010 saved by the due date lasts the year with $70 to spare, and the planner flags a $725-a-month shortfall after leave
Checked, not just designed: 206 formulas, zero errors, and every month and summary figure was recomputed independently in 5 scenarios per file, including single income with unpaid leave.
Works in Excel and Google Sheets. Use your own prices: the sample's figures are examples. Not financial advice.
Try the free version first
The free online calculator uses the same model for a quick answer. The spreadsheet adds tracking, history and the full views.