There’s a reason why a lot of planning goes in for having a child.
The little feckers cost you thousands before they’re even born (they are worth every penny in the world all the same).
Kate Browne, a personal finance expert told news.com that the cost of a new born comes as a shock to most young couples.
“A cot, change table, pram and car seat are just some of the essentials needed to be baby-ready and these will set you back up to €1264.
She went on to say that in the first year alone, you can go through as many as 2500 nappies which cost about €500.
But what’s worse, she found that some new parents spend as much as €6000 in the baby’s first year.
“I know when I became a mother I couldn’t believe how many nappies a young baby can go through a day and just how much they cost. So if you can buy them on sale and stock up it’s a good way to save.”
“You’ll never fully be prepared but there are some things you can do to plan ahead.
“Looking at your finances and making a budget should help you feel more prepared and less worried about how you will support yourself and your new bundle of joy.”
We better start saving.