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Costs of a baby add up

A new report has highlighted the true cost of preparing for one of life's great events; a new baby.

The Halifax study indicates that there are a number of costs that can mount up if not properly budgeted for.

The research claims that the cost of home fertility kits, pregnancy tests, baby clothes and accessories, maternity clothes, a pregnancy book and private antenatal classes can combine to as much as £1,600.

Maternity clothes alone cost an average of £240 for all the essentials, while baby clothes, cots and accessories can add up to £1,000.

The head of savings at Halifax, Mike Regnier, said: "You may think that all the major costs involved with bringing up children are in the distant future.

"However, a significant outlay is required even before your new addition to the family makes his or her arrival. For many, the run up to a baby can signal a shopping frenzy, be it for cots, toys or just baby clothes."

If you have some money to spare, hiring the services of a private midwife will cost between £4,000 and £5,000.

See how much you could borrow with an unsecured loan from Lombard Direct.

02/02/2007 17:47:29

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