Understanding how much a baby costs is essential for parents-to-be who are budgeting for their new arrival. For your first child, it's likely to be even more expensive when you are buying things like a cot or choosing the best pram for your lifestyle and budget for the first time.
The cost of raising a child has become an even bigger issue for parents since the cost of living crisis took hold. So if you're planning on having a baby, it's important to have a really good look at your finances and come up with a budget to see you through at least the first year of having a baby. It's important to factor in how much maternity pay you will get, and any benefits you might also be eligible to claim while on maternity leave.
