Purchasing a new cot, pram and car set for an expectant new-born can be pricey but the actual costs of preparing for a new baby have been revealed in a recent study.
According to a survey by TV series “How To… Prepare for your baby’s arrival” parents’ fork out thousands of pounds before a baby is even born.
The research of 2,000 parents found that first-time mums and dads spend on average £1,786 on luxurious nursery equipment, clothing and appliances when planning the arrival of a bundle of joy. What is more, 6% devote nearly £10,000 on decorating the nursery and freezing stem cells.
Findings showed that despite the difficult economic climate, two thirds of parents having a baby get into debt by taking out loans and credit cards; and 25% admitted to having financial troubles after the new-born has arrived. Moreover, a quarter of parents surveyed confessed that the money woes impacted their relationship.
The survey reports that day-care facilities is the biggest burden on the purse strings as 68% said that families were hit the hardest by childcare costs. A further 48% reported difficulties with loss of earnings due to maternity leave, 26% stated financial outlay of preparing for a new baby, 24% said long-standing financial problems, and 22% reported reduced family tax credits and benefits.
Alistair Clayton, a spokesperson from TV series ‘How To… Prepare for your baby’s arrival’, said: “In anticipation of their baby’s arrival, first-time parents often feel under pressure to overspend in preparation for every eventuality: outfits for every occasion, expensive nursery equipment and gadgets they’ll never use. Lack of money, in conjunction with the stresses and strains associated with caring for a new baby, makes for a toxic combination.”
You can throw a baby shower and celebrate the arrival of a baby without it costing the earth with the experts at Shower My Baby.
The specialists have a vast array of stylish and affordable baby gifts to choose from as well as everything you need to host a wonderful baby shower including fun activities and baby shower games as well as decorations and party packs that are all competitively priced.
Rejoice in the arrival of your new little boy or girl and save the pennies by visiting Shower My Baby today or call the professionals on 0845 224 0514.