We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Enough money for a baby?
Pee
Posts: 3,826 Forumite
Having successfully manged to put up another poll, what do people think you need to have as an income after tax and childcare and mortgage/rent to be able to provide for a baby?
(I have excluded mortgage/rent and childcare as the amounts people pay for these vary so much.)
(I have excluded mortgage/rent and childcare as the amounts people pay for these vary so much.)
How much money do you need a month after tax, childcare and rent/mortgage for a baby? 77 votes
Less than £500
70%
54 votes
£501 - 600
10%
8 votes
£601- 700
3%
3 votes
£701 - 800
1%
1 vote
£801 - £1000
1%
1 vote
£1001 - £1500
5%
4 votes
£1501- £2000
0%
0 votes
£2001 - 2500
2%
2 votes
£2501 - £3000
1%
1 vote
Over £3000
3%
3 votes
0
Comments
-
millions:rotfl::rotfl::rotfl:
that another "how long is a bit of string questions"
it all depends on lifestyle,
sadly ive never had to worry about fitting a child seat into a porsche 9110 -
That would be quite expensive, I think. Good job I don't have one.
I wouldn't have a license by now if I did..)0 -
What about council tax, utilities, phone etc, water, tv, car insurance tax and maintenance.
And that's before food and petrol.
I voted for over £500, but I meant after all these other things have come out too.
Wish I could change my vote now as I misread it."One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
I think it's refreshing that someone's actually considered the financial cost of having children before doing so - millions of others don't!0
-
Much less than £500 a month :eek:
Nappies £20 a month?
Formula (unless you breastfeed) £20-£30 a month?
Clothes, maybe a few hundred a year?
What else? Because the initial outlay of cot, buggy etc only comes to a few hundred as well...0 -
I have no idea, I am currently trying to work out finances for when I will hopefully be on mat leave come the end of the year and after fixed monthly outgoings I am budgetting £400 a month (£100/£80 a week) for food+petrol etc and this will hopefully include any baby related stuff from the supermarket too. This will actually leave some money to save too in case of other spending that is required, but as mentioned I do not have a baby yet so this is all theoretical just now.0
-
Enough to cover all your bills and as well as usual utilities and shopping you would also need enough to cover replacing clothes, for birthday/xmas presents, transport costs etc.0
-
Much less than £500 a month :eek:
Nappies £20 a month?
Formula (unless you breastfeed) £20-£30 a month?
Clothes, maybe a few hundred a year?
What else? Because the initial outlay of cot, buggy etc only comes to a few hundred as well...
What else?!
The OP is only excluding mortgage and childcare.
I assume you pay other bills? If not - tell me yor secret!"One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
I think it's refreshing that someone's actually considered the financial cost of having children before doing so - millions of others don't!
I agree that people don't think sometimes, however even with myself and husband working fulltime bringing in a good wage I still worry about affording to have a baby!0 -
Much less than £500 :eek:
We got DD's cot and pram free so we didn't have that outlay
Formula isn't much if you don't/can't BF, nappies aren't that expensive, some clothes from primark/tescos/asda wherever can be bought cheaply and no point in dressing babies in expensive clothes for it to be stained with poo and spew!
Other things are bouncers, door bouncers, walkers, play mats, baby bath - but that's not essential though I'd say the bouncer is so your arms don't fall off.
Oh wait didn't read it properly, but you'd be paying your utilitys and bills regardless of baby?0
This discussion has been closed.
Categories
- All Categories
- 347K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.7K Spending & Discounts
- 239.3K Work, Benefits & Business
- 615.1K Mortgages, Homes & Bills
- 175K Life & Family
- 252.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards