You are here: Home -

Expectant parents spend £3,000-plus preparing for baby

0
Written by: Your Money
27/05/2015
The average new parent spends more than £3,000 preparing for the arrival of a new baby, according to research from Sainsbury’s Bank Loans.

The biggest outgoings are £811 on average to change the family car and £371 to improve the home.

On top of this, expectant parents spend an average of £305 decorating and furnishing a nursery.

Other pricey purchases include £277 for a pushchair and £215 for a car seat.

Simon Ranson, head of banking at Sainsbury’s Bank, said: “New baby purchases can add up very quickly, so it’s no surprise that expectant parents are looking at various ways to fund their purchases. Taking out a personal loan could be a good way to buy everything that’s needed and ensure the agreed monthly repayments fit within the family’s budget.”

Average costs for expectant parents

Type of cost Average cost for expectant parents
Changing the family car £811
Improving your home £371
Other preparation £350
Purchasing baby toys and clothes £333
Decorating/furnishing nursery £305
Purchasing a pushchair £277
Purchasing a car seat £215
Purchasing a high chair £210
Overall medical care £168
Scans (and 3D/4D video if applicable) £162
Antenatal classes £134
TOTAL £3,336

 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
FCA seeks to fine three men £80m over sales of ‘death bonds’

The city watchdog is seeking to fine three individuals nearly £80m for misleading investors into buying “death bonds” linked to...

Close