Provisional National Records of Scotland (NRS) figures indicate there were 46,959 births north of the border last year. Historically, birth rates across the UK start to pick up in the springtime and peak during summer.
The arrival of a baby is an exciting time for parents, but as preparations get underway, it’s also important to consider how the rest of your finances might be affected. Even if you’re just at the beginning of your journey planning a family, it’s helpful to start thinking about the financial side of things.
From saving ahead to cutting costs with hand-me-downs, building lists of essential items for inside and outside the home can help prepare for the outgoing costs that lie ahead. It’s important to be aware of practical things too like claiming Child Benefit and any other financial support you may be entitled to.
