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Budgeting for a baby can be daunting – with so many diverse costs to consider it’s no wonder many parents can end up feeling overwhelmed. To help first-time parents navigate their way through this new experience, MyBudget has created an infographic estimating the first-year costs of having a baby.

As well as detailing upfront, weekly and annual costs, MyBudget also provides handy money saving tips for parents to consider. With the estimated weekly expenses of a baby adding up to over $4000 in the first year, having a sound budget in place is essential.

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 (Please note that our estimates do not include costs associated with prenatal, postnatal or pediatric medical care. For those costs, please talk with your care providers and/or health insurer.)

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