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