£4000 is the average cost of a baby to first time parents, says a new survey of 2,891 parents in the UK by Philip’s AVENT.
With the excitement of a new baby on the way, many parents find they are spending hundreds of pounds before they’re even halfway through the pregnancy. They’re splashing out on items from pushchairs and cots to nappies and clothes and even toys to go in the newly kitted out nursery.
A third of parents felt they had spent too much money and three quarters worried about how they would afford their new child. Family finance expert for Philips AVENT, Sue Hayward, suggests seeking advice on more expensive purchases and choosing those that will retain their value. “With just a little planning, new parents can make some sound purchases to welcome their baby into the world without breaking the bank”.
Parents surveyed revealed the top 5 baby items worth spending money on were pushchair (71%), cot (55%), car seat (48%), high chair (34%) and feeding equipment (26%).