Budgeting for a baby in Australia: planning ahead
Live your life free from money worries
- Initial 10 min chat
- Private & confidential
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For over 25 years, MyBudget has helped 130,000+ Australians fast track their financial goals by reducing their debt and building savings.
For over 25 years, MyBudget has helped 130,000+ Australians reduce debt and grow savings.

Costs to consider when expecting a baby
- Medical costs: doctor visits, ultrasounds, tests, hospital expenses
- Baby gear: pram, cot, car seat, nappies, clothes and bottles
- Parental leave: adjust your budget for a drop in income
- Childcare: explore options early and compare costs.
Take control of your baby budget today
Live your life free from money worries
- Initial 10 min chat
- Private & confidential
- Obligation-free
First-time parent? Baby-proof your budget
- Set clear financial goals for your growing family
- Build a baby budget that works for your lifestyle
- Plan ahead for surprise baby costs or medical bills
- Feel in control and ready to welcome your baby.


How can MyBudget help you budget for a baby?
- Review your household income and expenses
- Forecast new costs like baby gear, medical bills, and childcare
- Plan ahead for parental leave and government support payments
- Set achievable saving goals with a dedicated ‘baby fund’
- Build a financial safety net for life’s little surprises.
Let’s build your baby budget today!
- Create a personalised baby budget
- Prepare for parental leave and changing income
- Feel confident about baby purchases and child care choices.
Live your life free from money worries
- Initial 10 min chat
- Private & confidential
- Obligation-free
Imagine this: You’re expecting a baby… and the bills start adding up
Then you see two lines on a pregnancy test.
Joy. Excitement. Tears. Then… spreadsheets. How do you budget for a baby?
Suddenly, you’re searching how much does a baby cost in Australia, reading lists of must-have baby items, and doing mental gymnastics trying to calculate how you’ll manage on one income.
It starts with a scribbled list:
You jot down everything you think you’ll need:
Upfront costs:
- Cot, pram, car seat: $2,500
- Maternity clothes, vitamins, hospital bag: $500
- Bottles, baby clothes, change table, wraps: $800
- Antenatal classes and scans not fully covered by Medicare: $900
Monthly costs after baby arrives:
- Nappies and wipes: $90
- Formula and baby food: $160
- Healthcare and medications: $50
- Part-time childcare when you go back to work: $600
- Extra groceries and power bills: $150+
It’s a lot. And that’s just the beginning.
You realise: You need a plan. You need to budget for your baby
That’s when you find MyBudget.
You book a free consultation, and in under an hour, everything starts to feel clearer. Together, you and your MyBudget expert money coach create a personalised baby budget plan.
They walk you through:
- Your current income, debts, and everyday costs
- How to prepare for baby expenses without going into debt
- How to build savings before the baby arrives
- Where you can cut back, without sacrificing your quality of life
- How to set up a ‘baby fund’ and emergency savings buffer
- What government support payments you will be entitled to.
You’ll even get support setting up your bills to be paid automatically, so no more late fees or forgotten due dates while you’re in newborn mode.
Fast forward to baby’s arrival.
Your baby’s here. You’re sleep-deprived, but not stressed.
Because:
- You paid for all the baby gear with savings
- You’re not scrambling to cover bills, they’re automated
- You’ve budgeted for formula, nappies, even last-minute pharmacy trips
- You can choose when to return to work and how child care will fit in
- You haven’t relied on your credit card to get you through.
Best of all? You’re fully present. Holding your baby, not worrying about money.
This could be you.
Live your life free from money worries
- Initial 10 min chat
- Private & confidential
- Obligation-free