Budgeting for baby: a 31-point financial checklist for new parents

It pays to have a financial plan in place when you’re preparing for a baby’s arrival

A baby budget will give you peace of mind. Photo: Getty

When you’re expecting a new baby, the list of expenses can seem endless. There are major purchases like a cot, car seat and buggy as well as everyday items such as clothes, nappies and baby-feeding essentials.

And that’s before you even get into the cost of childcare and taking time off work.

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