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

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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.

The majority of MyBudget clients pay off 90% of their unsecured debt in just over 3 years.
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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
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Pay your bills and create savings…

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.
mortgage stress
Jaz | MyBudget client
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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
Select a callback time

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.

Secure your baby budget today

Book your free consultation or download your free baby budget planner now.

Secure your baby budget today

Book your free consultation or download your free baby budget planner now.

Live your life free from money worries

  • Initial 10 min chat
  • Private & confidential
  • Obligation-free
Select a callback time