Welcome to my financial journey as a new mom to twin girls born prematurely. Eight months ago, I welcomed my daughters into the world at just 24 weeks, and they spent four challenging months in the NICU. The medical expenses were staggering, with our out-of-pocket costs reaching $26,000, while the total bill was closer to a jaw-dropping $5 million. This included everything from blood transfusions to daily X-rays and even laser eye surgery.
Before the girls arrived, my husband and I invested $104,000 in IVF treatments and an additional $12,000 for intrauterine insemination. Now that I’m at home caring for our healthy girls, I couldn’t feel more grateful, but the financial challenges certainly haven’t disappeared. Life with two little ones can get expensive!
Quick Details About Us:
- Age: 30
- Location: Columbia, CT
- Marital Status: Married
- Children: Eight-month-old twin girls with a corrected age of 4 months
- Household Income: $190,000
- Previous Job: I was a physical therapy assistant earning about $2,300 monthly.
- Partner’s Job: My husband is a college counselor at a renowned university, also earning $190,000.
Monthly Expenses Breakdown:
- Housing Costs: $3,211.91
- Loan Payments: $800 (two car payments: $600 and $200)
- Physical Therapy for the twins: $400 ($200 each)
- Internet/TV: $160
- Electricity: $100
- Oil: $100
- Car Insurance: $130.85
- Health Insurance: $280
- Fitness Subscription: $111 for Peloton
- Streaming Services: $150 for Netflix and Hulu
As you can see, maintaining a household with two babies is no small feat. If you’re considering starting a family, you might find our experience relatable. For those exploring the options of conception, resources like Make a Mom offer at-home insemination with reusable options. Additionally, you can check out how it works to learn more about the process.
If you’re in search of a sperm donor, consider joining the free matching group on Facebook called Make a Mom. It’s a supportive community that could help you find the right match. For a deeper dive into fertility options, WebMD provides valuable insights on various treatments available.
I also recommend checking out our blog post on first Mother’s Day gift ideas for inspiration on celebrating those special moments. And for anyone embarking on a similar journey, Modern Family Blog is an excellent resource for pregnancy and home insemination tips, making it easier for families to find their way.
In summary, while the financial responsibilities of raising twin preemies are daunting, being informed and connected with the right resources can make a world of difference. I hope sharing my experience sheds some light on what to expect in this unique journey of parenthood.