Budgeting for new-born

Sea_Shell

Does one need to budget for something one can easily afford? 🤔

Is it for spreadsheet purposes?  Cost Centre #1?

turnitround

What a strange question. 

Are you going to be buying a hi-tec pram that will last until the child is 2 years old or are you going to be buying a budget pram and changing it regularly as baby grows.?

Will baby be dressing in Burberry or Primark?

Will the expectation be to spend £1000 on his/her first birthday/Christmas or will a couple of hundred do the job?.

Terry nappies or disposables?

Breast or bottle feeding?

Mums home made baby food or expensive jars of organic baby food?

Supermarket brand washing powder and toiletries or the finest money can buy?

Birthday parties with pampering for 25 children and mums or a couple of besties?

Holidays at the beach or Florida twice a year?

So many variables, children can be a cheap or as expensive as you choose to make them.  Even if there was a template it would probably only be relevant to 25% of parents.

sheramber

Make a list of what you consider you will need and then go online and cost the items.

Check out  the cost of nurseries you might use.

Are you planning private schooling? Then again check out the current costs of any schools you are interested in and add some more for increase in prices .

Someone on minimum wage will have very different potential costs to someone £100k a year.

74jax

sheramber said:

Make a list of what you consider you will need and then go online and cost the items.

Check out  the cost of nurseries you might use.

Are you planning private schooling? Then again check out the current costs of any schools you are interested in and add some more for increase in prices .

Someone on minimum wage will have very different potential costs to someone £100k a year.

They already have the costs, as they have said they can afford several children, not just one. So I think it's the actual budgeting they are looking for, I think the opening post is a bit confusing. 

sheramber

What period is the budgeting over- a year, 5 years, 10 years?

Many items need bought for the arrival, some can wait until the child is older. 

Only the OP  can work out what they need to buy when and what it will cost. 

 Budgeting will follow from that.

But if the OP knows they can afford several children do they really need  advice on budget? Would they not have to have a budget worked out to know they can afford several children?

kimwp

It is funny that you ask about expenses of a child, then say you already know you can afford several. Then get cross at people trying to help. What's the cost of a child therapist in London?

On a serious note, just step through your expenses and figure out what the equivalent for the child will be, with the addition of childcare, pram/sling and car seat if applicable:
You eat, what will they eat?
You (presumably) sleep in a bed, where will they sleep?
If you find this difficult, you probably need to do more thinking and research into children - the cost of these things is then easy to find.