Dad and financial advisor, Scott Pape, has done the sums and worked out exactly how much a new baby will cost you.

Writing for Barefoot Investor blog he shares, “In the year leading up to the pregnancy you should save up — at the very least — $10,000.”

Scott writes, “The average cost of having a baby in a private hospital is $8,500 per birth according to Medibank Private, and that doesn’t include obstetricians, nappies or ‘push presents’ that fathers are apparently supposed to buy to motivate their pregnant partners (like a bowling ball pressing down on them isn’t motivation enough).”

Do you really need that much if you’re planning on delivering in a public hospital?

Scott says, “Yes, you do.”

“Sure, giving birth as a public patient in a public hospital is free — but it’s what happens during the pregnancy that can really cost you. Think of all the visits to the doctor, the blood tests … and then there’s the ‘little emperor syndrome’. You see, most first-time parents go a little ga-ga when they are expecting.”

“Think of having a baby as like starting a business. There are significant upfront costs that can be amortised over subsequent product releases, but these upfront costs are really going to hit you.

What you can do — like any good business owner — is to lower your costs by buying strollers, cribs and the like from Gumtree or eBay. Remember, it’s not child abuse for kids to wear hand-me-downs or, later, to share a room.”

“Still, that doesn’t alter the fact that you need a big chunk of change on hand for your first baby. You’re about to enter one of the most expensive periods of your life … and you’ll be doing it on one wage — with sleep deprivation and cracked nipples. So for your sanity make sure you have at least $10,000 saved up.”

How Do I Ensure My Kid Gets a Good Start in Life?

Scott’s answer to that? “By looking after yourself.”

“The first 12 months of being a parent are stressful. You have no idea what you’re doing. There’s very little sleep (at least in the beginning). You basically surrender yourself and serve the baby. And so the best gift you can give yourself in that first year is not having to fight or worry about money. And we’re planning on long innings with plenty of bouncers being thrown your way. Howzat?”

Do you agree with Scott? How much would you say pregnancy and a new baby set you back?

Reminder for buying second hand goods.

Safety checks
A couple of months ago we shared a story from Consumer Protection warning parents before using a cot to carry out simple safety checks. Older cots that do not meet these standards should not be used!

Before using a cot it is important to check for the below –
•Inspect for stability
•Ensure rails are intact
•No sharp edges
•Make sure Nuts and bolts are tight and that all mechanisms are in working order
•Check that the bars, panels, mattress base and drop sides are firmly attached.
•Then check the recommended measurements of the cot.
•Check there is no risk a child can NEVER become trapped.

Share your comments below. 

Read his full post here.

Image via Getty

We may get commissions for purchases made using links in this post. Learn more.
  • We were lucky we got heaps of hand me downs and bought the couple of things we needed second hand but they are still expensive with time put of work and nappies etc.


  • saving is a great idea in pregnancy and even beforehand. good read


  • It is worth saving ahead of time but there would be very few births if you had to wait until you had $10 000.


  • When you buy a cot make sure the mattress you buy fits correctly. I know somebody who bought a mattress from a different place to what they bought the cot ( both brand new but from different retailers) and it didn’t fit properly. If you get a rocker make sure you have it at the right angle before you put baby in it. If you buy a stroller second hand make sure it is made of materials you can wash thoroughly. I tried to get a secondhand highchair from a charity shop that I could wash and disinfect prior to use. None I contacted had one. They don’t have them for hygiene reasons as a lot cannot be washed and dried properly because of the fabrics now being used. Never accept a used baby capsule, convertible babyseat or booster seat unless you know the person who had it and that the cehicle it was in has never been in an incident at all – I don’t mean just an accident. They can easily be weakened and damage not evident. Many have removable seat covers. According to experts they are one of the worst things for harbouring germs etc. Keep an eye on the webbing – harnesses etc. as sunlight / heat will perish them. If ours weren’t being used for a few days we used to cover them with a large towel or other piece of material to keep the sun off them. You don’t have to have a crib or bassinet. Baby can go straight into a cot. One other tip. We discovered that baby is more comfortable in a short all-in-one under other clothes in Cool/Cold weather than a singlet. A singlet rides up his/her back and baby is lying on a ridge which would have to be uncomfortable.


  • As usual, it’s all done for the high income parents to be. Not many of us have private hospital births, so there’s a massive saving already


  • Yes, looking after yourself is important.
    I don’t agree that the price tag on a new bub has to be this high.


  • Never did the sums for each child. I agree with looking after yourself – it is best for you and your family.

    • The amount would also depend upon your own budget and spending habits and the items you purchase.


Post a comment
Like Facebook page

LIKE MoM on Facebook

Please enter your comment below
Would you like to include a photo?
No picture uploaded yet.
Please wait to see your image preview here before hitting the submit button.
Your MoM account

Lost your password?

Enter your email and a password below to post your comment and join MoM:

You May Like


Looks like this may be blocked by your browser or content filtering.

↥ Back to top

Thanks For Your Star Rating!

Would you like to add a written rating or just a star rating?

Write A Rating Just A Star Rating