Budgeting for a baby in Australia, what does the first year really cost?
Expecting a baby? Along with the excitement comes one big question, how much does having a baby actually cost? In this episode, our hosts unpack MyBudget's comprehensive guide to budgeting for a baby in Australia, helping you prepare financially before your little one arrives.
They discuss the real cost of having a baby during the first year, from upfront expenses like prams, cots and car seats to ongoing costs including nappies, feeding, childcare and healthcare. Our hosts also explore parental leave, government support, Family Tax Benefit, the Child Care Subsidy, and practical ways to manage the income gap while one parent takes time away from work.
The episode also shares practical money-saving tips, including when it's worth buying second-hand, how to prioritise essential baby purchases, and why planning your cash flow before your due date can reduce financial stress once your family grows.
Along the way, they highlight the free resources linked in the article, including the Personal Budget Template and Newborn & Baby Essentials Checklist, designed to help Australian parents build a realistic baby budget, plan ahead, and feel confident about the first year.
👉 Visit mybudget.com.au to read the full article, download the free planning tools, and discover how MyBudget helps Australian families prepare for life's biggest milestones with confidence.
📞 Planning for a growing family? Speak with one of our expert Money Coaches in AU on 1300 300 922 or NZ 09 849 6285.
