One of the biggest questions I think a lot of new parents have as they budget the arrival of their new baby is, “How much does it cost the first year when you have a baby?” Baby showers are fabulous if you are lucky to have one. Family and friends cannot wait to give the new set of parents the latest and greatest on the market, but while preparing for decorating and stocking up the nursery, keep in mind all the other costs of having a new baby. Budgeting for the first year of having a new baby is highly recommended and this great resource tool will give you a sense of what it will cost to have a new baby, the first year.