Simple Budgeting Tips When You’re Expecting a New Baby

Everything changes when you have a newborn, and your budget is no exception. With Simple, you can plan your baby budget, keep track of your spending, and more—all in your bank account. Here are five tips to make budgeting for your new baby a breeze:

New baby diapers

1. Plan Your Baby Budget with Goals

Using Simple's Goals feature, you can create digital envelopes to set aside money for your baby purchases within your checking account.

Baby goals bezel

2. Use Safe-to-Spend to Keep Your Spending in Check

A new baby can be expensive. It's hard to know where to stop when there are endless baby supplies out there, like baby toys, baby books, and educational baby videos. Plus, they'll be growing out of their clothes until they're teenagers!

Safe-to-Spend shows you how much you can ‘safely’ spend without breaking your budget. It’s easy! Just create Goals for your recurring expenses—rent or mortgage, bills, food, baby things, etc—as well as for your savings and emergency fund. The money you have leftover is your Safe-to-Spend. By keeping all your basics in Goals, you can quickly glance at your Safe-to-Spend and know it's okay to splurge on that cute outfit—for you or the baby!

3. Set it Aside Now or Save Automatically Over Time

If you have enough money for a specific baby-related expense in your account now but you don’t expect to spend the money until after the baby arrives, choose "Save now" to instantly set that money aside in a digital envelope. Once it’s there, we’ll subtract it from your Safe-to-Spend so you don’t accidentally spend it.

If you need to save up, choose "Save until a date" and pick a date in the future. With "Save until a date", your Simple account will move a small amount of money into your Goal every day until you've saved up enough to reach the Goal amount. It's like saving without even trying.

Bebe illo

4. Reallocate Your Spending with Reports

With a new baby on the way, you may need to reallocate spending towards baby supplies. Unless you have more money coming in, that means cutting costs elsewhere in your budget. With Reports, you can see your past spending habits and see where you could cut spending.

5. Planning Your Baby Budget for the Future

Reports can also help you estimate spending for the future. For instance, after a few months, you'll be able to see how much diapers, formula, and clothes cost each month, which can help you plan your budget for future months.

This is Simple.

Simple is the whole idea of banking, remade with genuine human goodness to make saving for a new baby feel remarkably easy.


Simple’s automated daily saving tool allows you to save without think, taking stress our of the financial equation.


You’ll always know what’s Safe-to-Spend, so you can decide if parents-night-out can happen tonight, or next week.

No Fees

We believe you shouldn’t pay to use your own money, so we don’t charge any overdraft fees. Use those extra dollars to set a Goal for a college fund.