Can you have a baby on a budget?

Can you have a baby on a budget?

Kids don't come cheap, any parent can tell you that, but are parents really aware of how much a new baby costs?

2043

Chances are, most new parents will be prepared for the sleepless nights and dirty nappies, but will they also be ready to spend up to £7,200 during their child's first year?

The Money Advice Service (MAS) has found that parents can spend anything between £1,600 and £7,200 in their child's first 12 months – and that doesn't include the increasingly expensive childcare that many families will need to pay out for.

In response to this research, MAS has put together an infographic to help new and prospective parents better understand the costs associated with a new arrival, as well as some ideas on how to reduce their outgoings.

These include...

Assessing which items they really need, and which they could manage without.

As many as 6 out of 10 parents admit they bought things for their baby they didn't need or use.

Shopping second hand for things like toys, clothes and furniture

Selling on items you no longer need or want after your baby has outgrown them.

What items could you not do without? Did you buy any items that you wished you hadn't? Tell us via Facebook or Twitter .

RELATED ARTICLES

Related Articles

Changes to newborn heel-prick test
Baby & Toddler Health
Changes to newborn heel-prick test
Changes to newborn heel-prick test Your newborn's heel is pricked and the blood...
Watch out dad, the kids are coming!
Parenting
Watch out dad, the kids are coming!
Research shows dads suffer 22 injuries a year as a result of the kids The...

email block

7-of-the-most-fun-advent-calendars-for-kidsHome & Interiors

7 of the most fun advent calendars for kids

Who needs chocolate when you can snap up one of these cool calendars? See our favourite kids advent calendars to...
7-creative-christmas-ideas-for-childrenHome & Interiors

7 creative Christmas activity ideas for children

Looking for things to do with your children this Christmas 2017? We round up some of the most fun activity...
how-to-get-the-family-to-sleep-christmas-eveParenting

7 ways to manage your baby's bedtime routine over Christmas

Worried about breaking your toddler or baby's sleep routine over Christmas? Try our top 7 tips for ensuring your child...
win-this-fun-peter-rabbit-playset-from-orange-tree-toysWin

Win this fun Peter Rabbit Playset from Orange Tree Toys!

Win this wonderfully colourful and imaginative Peter Rabbit figures set for your little one - it will keep them entertained...
win-a-personal-meenymineymoised-wooden-take-apart-and-pull-along-train-by-meenymineymoWin

Win a Personalised Wooden Take Apart And Pull Along Train by Meenymineymo

Win a beautifully made personalised wooden toy train that your little one can play with over and over again!
win-a-bedside-crib-for-your-baby-worth-over-150Win

Win a baby bedside sleeper worth over £150

Help your little one get a good night's sleep with Little Chick London's award-winning breathable bedside cot – plus gorgeous...