Budgeting for a baby in Australia: planning ahead
Babies can be expensive, but with the right plan and support, they don’t have to be. MyBudget helps families prepare with budgeting support that eases money stress and keeps finances on track.
Live your life free from money worries
- Initial 10 min chat
- Private & confidential
- Obligation-free
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.
The majority of MyBudget clients pay off 90% of their unsecured debt in just over 3 years.
Adam & Erin | MyBudget clients
Costs to consider when expecting a baby
Before your baby arrives, some costs are obvious, others sneak up on you. Planning now helps you avoid stress later.
- 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
Book a free consultation with MyBudget and start planning with confidence.
Live your life free from money worries
- Initial 10 min chat
- Private & confidential
- Obligation-free
Pay your bills and create savings…
Plan ahead
When you budget with us, all of your income and expenses are planned 12 months in advance to show you exactly how to start saving and how your money is tracking.
Build a budget
We help you build a budget that supports your lifestyle. Date nights, holidays, house deposit and more are all part of budgeting for the life you want.
Automated money management
Our money experts do all the work to keep your budget on track. Freeing up your time so you can stop worrying and start living.
Create a safety net
Every budget we design puts aside money to prepare for the unexpected. Enjoy peace of mind with savings and flexibility built into your budget.
Build a savings plan
A savings plan is not complete without a spending plan. We’ll help you create a budget that frees up cash and adds more money in your pocket to enjoy life.
You don’t have to do it alone
We’re with you every step of the way. We care about achieving your financial goals as much as you do, which is why a money expert is only ever a phone call away.
What does it cost to have a baby in Australia?
Babies may be small, but their price tag can be huge! In this video, Tammy Barton, founder and director of MyBudget and proud mum of three, shares her personal experience and breaks down the real cost of having a baby in Australia.
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.
Jaz | MyBudget client
Adam | MyBudget client
How can MyBudget help you budget for a baby?
Preparing for a baby comes with a lot of questions. At MyBudget, we help you turn the unknown into a clear, practical plan:
- 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!
Less financial stress means more precious time to bond with your baby. Let MyBudget help you take control:
- 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
A realistic look at how planning with MyBudget can help you feel ready, not rattled
You’ve just found out you’re expecting. It’s exciting, emotional and maybe a little overwhelming. What will it all cost? Can you take time off work? Will your lifestyle need to change? This story of a couple just like you shows how a personal baby budget with MyBudget can take away the stress and bring clarity.
Picture this: You and your partner are in your early 30s, renting a place or paying off a mortgage in suburban Australia, both working full-time. Life’s good, you enjoy the occasional weekend away, eat out now and then, and your bills are under control.
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+
Now add to that the drop in income if you’re taking maternity leave. Even with Parental Leave Pay or paid leave from work, you’ll be living on much less for several months.
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.
Thousands of Aussie families use MyBudget to prepare for life’s big milestones, including the arrival of a baby. Whether you’re months away from the due date or just starting to plan, MyBudget can help you feel in control, calm, and maybe even a little smug, because you’re nailing the money side of parenthood.
Live your life free from money worries
- Initial 10 min chat
- Private & confidential
- Obligation-free