Real cost of having a baby revealed

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Having a baby no doubt has its financial strains. Here’s how much it costs to raise a baby in its first year, along with some handy budget tips.

New research has revealed that in Australia, the total costs connected to pregnancy and a baby’s first year amounts to $5552 – which equates to one month’s pay for the average Aussie parent.analysis team examined the expenses connected to the birth of a child from pregnancy clothes, hospital bags, household equipment and finances relating to bringing up the child in its first year of life.Expenses during pregnancy and a baby’s first year in Australia. Picture: Picodi.

“The expanded kit includes some accessories which may be useful for a pregnant woman such as a special sleeping pillow, foetal heartbeat detector, or smart scale,” the report reads.This contains all the necessary items for a mum and newborn baby during their stay in a hospital from slippers, socks, towels, heat packs and toiletries.

“In the advanced version, with things like baby monitor, electronic bouncer, bottle warmer, and other accessories, home improvements would cost around $2690,” it states.According to the report, a middle-of-the-range, 2-in-1 stroller and a car seat can set you back around $868, while those after a more high-end stroller, carrier and baby wrap are looking at an increase to $1748.Usually this category is dominated by lots of nappies.

 

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