<prompt> Human: Hi PF, my first baby is on the way! My wife and I are so excited, but also trying to figure out our lives once she gets here. All we want is for my wife to be a stay at home mom for a few years, but were not sure it is financially viable. Ive outlined our current monthly budget below. My income is 90k, hers is 95k, but she has better benefits than I. My current biweekly paycheck is about 2,100 with no deductions for health insurance and after 401k. Hers is about 2500, after pension contribution and health insurance. Mortgage PITI - 2100 HOA - 800 Groceries - 600 Gym - 100 Transfer to investment account - 1000 Gas - 100 Entertainment - 1000 Obviously these numbers change after we have a baby, but I have no idea what kind of tax impact a baby will have on my paycheck, what unexpected expenses to prepare for, etc. Im looking for input from those who have done it who may be able to guide us if it will be feasible. Weve got about 50k in cash built up, as well as 30k in liquid investments. Any input is greatly appreciated!  <response>: Your entertainment budget seems pretty high for new parents. Youre very likely going to learn the true value and necessity of sleep once you have a newborn.We had an uncomplicated pregnancy and birth, and a healthy baby, so our expenses were pretty low. You have a good amount put away should something unforeseen come up. Assuming it doesnt, expenses arent really all that much with a kid in the first couple of years, if you arent paying for childcare. Childcare for newborns, infants and toddlers is expensive. With the figures youve put here, it seems to me like youd have to reduce that entertainment budget significantly, and probably take a hiatus on the investing, but you can probably squeak it out.The numbers are one thing, but theres really no replacement for spending those years with your kid and being with them as they grow and develop into a little person. Its a once in a lifetime experience, and well worth arranging your lives to allow for. 