Average cost: £100 Babies grow fast and will grow out of clothing quickly. Buying second-hand is a great way to save money here.
Average cost: £50 - £100 per month Easy access underwear is key if you are a breastfeeding mum, as well as a breast-pump and bottles. If you are bottle-feeding you will need formula, bottles, and sterilising equipment.
Average cost: £50 - £200 for a crib, £20 - £50 for a mattress You’ll need somewhere for the baby to sleep, so you’ll need a crib and new mattress.
Average cost of childcare
Childcare is a big part of the cost of raising a child. Children’s charity Coram has found that the average cost of a full-time nursery place for a toddler under two years old is just under £15,000 per year.
In the 2023 Spring Budget,the government announced plans to provide support for childcare.
From September 2025, up to 30 free hours of childcare will be available per week for children over 9 months and under 5 years old.
How to save money as a parent
Of course, we all want to save money. Here are a few ways that you can save money as a parent:
Buy second hand – car boot sales are a great place for this!