It looks like our biggest event of the year turned out to create a positive cash flow in our household rather than a drain as would be expected. I'll break down the financials below:
Expenses
Birth of Baby Insurance costs ~$800
Diapers and other supplies ~ 20
Income
Child Tax Credit $1000
Proposed Tax Refund $300
The income part assumes I really understand all the tax implications of having a child!
Total Net Gain:
One new baby + $480
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