The average cost of having a baby

Toys

One could say raising a baby is a growing experience. While the little bundle of joy keeps getting bigger, your living costs are also on the rise. Not only do you need to keep up with them in terms of size (onesies, shoes, cots, etc), but you need to meet the ever-changing needs of these important early years.

According to the AMP and The University of Canberra, the average cost of raising a child in Australia in 2012 was $144 per week. That is, up to 4 years of age, and equates to $7488 in a year. While it’s worth every cent, there’s no denying that it can be quite a setback to keep the little one fed and comfortable, to take them with you, and to keep the infectious smiles flowing. 

Did you know that in their first year of life, a baby can go through 10,000 nappies or more? Alone, this can add up to around $2000. Add in everything else and this number has the potential to total up to $16,000 in twelve months.

To save yourself a heftier setback, there are a few things you can do:

  • Use a budget planner to track your spendings.
  • Sell off unwanted things laying around the house on GumtreeNot only will this clear up valuable space, but you’ll have more finances to set aside for your newest house member. 
  • Save money by finding a bargain online, use ‘Save Search‘ to track new products being uploaded to Gumtree.

Start your search on Gumtree today:

Baby Jogger Mini City Pram – $260                                                                                                                              Image credit: Gumtree User

pram

It’s important to find the right pram for your lifestyle – are you an indoor or outdoor type? Designer prams are great to bring convenience and city-living together.

Baby Converse Socks – $15/box                                                                                                                                    Image credit: Gumtree User

baby-converse

As they grow faster than anticipated, there’s always room for something new to wear – like these colourful little converse socks.

Leap Frog Baby Toys – $25                                                                                                                                               Image credit: Gumtree User

toys

Not to mention they’re always learning, especially through hands-on activities, meaning new toys and interactive items are ideal.


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