She's On The Money
How Much Does it Cost to Bring a Baby Into the World?
May 21, 2024
Financial expert and new mom, Victoria Devine, discusses the true cost of bringing a baby into the world in Australia. Topics include private vs. public healthcare costs for childbirth, preparing financially for pregnancy, nursery expenses, and unexpected financial implications of parenthood.
45:55
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Quick takeaways
- Setting up a nursery for a baby can be a significant financial commitment, with costs varying for items like cribs, nursing chairs, and popular baby shushers.
- Pregnancy can come with unanticipated additional expenses, from health issues to specialist consultations, products, and necessities like a home blood pressure monitor, adding to the financial burden.
Deep dives
Setting up the Baby's Nursery
Setting up a nursery for a baby can be a significant financial commitment. Costs can vary, with items like a crib costing between $200 to $3,000, a nursing chair around $1,200, and a popular baby shusher like the Snoo priced at about $1,800. Additional expenses include a pram costing approximately $2,000, a capsule at $800, and a breast pump ranging from $300 to $500. On average, setting up a nursery might total around $6,000, with families spending up to $7,918 for the baby's arrival and an average of $600 per month after.
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