There’s a reason for that. According to the Australian Bureau of Statistics, there are more than 300,000 babies born in Australia each year. That’s roughly one new baby every two minutes. Most of the parents are unaware of the hidden costs of having a baby, so they end up spending more.

But despite the rewarding baby smiles, coos and giggles, having a child is a major transition for any new parent. You’ll be adjusting not only to new sleeping patterns & changing family dynamics but also to a lower family income. And, this will be in those first few weeks and months.

In order to prepare in advance, it’s always helpful to know what’s likely to be in store financially. And, it doesn’t matter if you are starting a family in the future or your little bundle of joy is already approaching. Budgeting for your new family member will assist in reducing financial stress. So, you can enjoy your time in that bubble of new baby bliss. This guide will provide some tips to think about when evaluating the cost of having a baby.

Click here to read the full guide