How Much Does It Cost to Have a Baby?

Bringing a new life into the world is a wonderful thing to do.

But it isn’t cheap.

For both expectant parents and couples planning to begin a family, we’ve outlined the essential costs associated with having a baby so you can build your own pregnancy budget. From medical expenses during the pregnancy to the costs after birth, this comprehensive guide will help mums- and dads-to-be prepare for the financial impact of having a child.

Medical Expenses During Pregnancy

Pregnancy Budget - Cigno Loans

Even if you have private health insurance with plenty of pregnancy benefits, medical expenses during pregnancy will add up – from your regular check-ups to the vitamins expectant mums are recommended to have.

Most pregnancy budgets will need to cover:

  • Obstetrics and gynaecology (OB-GYN) medical management fee
  • Monthly OB-GYN appointments
  • Hospital excess (if you go private)
  • Baby scans and tests
  • Pregnancy vitamins.

Making sure a pregnant mother and her child stay healthy during pregnancy is an essential part of the process. So, there aren’t many pregnancy budget shortcuts available for many things. However, all those required check-ups will have different prices depending on whether you visit a private or bulk-billing professional. Decisions like that are up to you.

Essential Purchases Before the Baby Arrives

Shopping for Baby Clothes - Cigno Loans

To prepare for the arrival of your family’s newest member, there’s a huge list of items you’ll need to go through and tick off. But not all of them have to cost an arm and a leg. Reach out to friends and family members who may still have these items in good condition, or consider buying some of them second-hand.

The big-ticket items that will cost you a couple grand all up include:

  • Cot
  • Pram
  • Car seat
  • Change table
  • Baby rocker
  • Nursing chair.

With these purchases, you can fit out the baby room, living room and family car for your little one.

But the list of essentials continues. To get ready for daily life (for mum and baby), you’ll also need:

  • Baby clothes
  • Baby swaddles
  • Maternity clothes
  • Pregnancy support belt
  • Baby bath
  • Breast pump
  • Bottles
  • Nappy bag
  • Baby camera
  • Baby carriers.

Another essential thing to consider is how baby-proof your home is. You might need to replace dangerous furniture and vases and spend a little bit of money to make doors and appliances safe for kids as they start to crawl, walk and wander.

Weekly Budget for a Newborn Baby

Shopping with Baby - Cigno Loans

After the pregnancy, your newborn baby budget will need to cater to a wide variety of weekly necessities. This is why it’s so important to budget for a new baby well in advance.

This will include:

  • Nappies
  • Formula
  • Dummies
  • Baby wipes
  • Bottle steriliser
  • Nappy rash cream
  • Baby powder
  • Baby toys
  • Family health insurance.

And don’t forget that weekly tub of ice cream – you’ll deserve it. Eventually, your newborn baby budget will turn into a toddler budget, then a young kid budget. Each period has their own delights and their own expenses.

While the essentials are essential in a budget, keep some money set aside for fun things to do with the kids on holidays.

So, how much does it cost to have a child? A lot. In fact, the amount can be very surprising for new parents. But if an unexpected expense does come up out of nowhere that tips over your pregnancy or newborn baby budget, Cigno offers fast loans for a viable solution.

Disclaimer: Please be aware that Cigno Loans’ articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.


Ordered by the Federal Court of Australia

The Federal Court of Australia has found that Cigno Australia Pty Ltd (Cigno Australia) and BSF Solutions Pty Ltd (BSF Solutions) have breached the law by engaging in unlicensed credit activity and charging prohibited fees.

In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.

The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.

With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:

  • demanding, receiving or accepting fees or charges, including amounts of loan principal, from consumers in relation to credit provided under the ‘No Upfront Charge Model’; and
  • engaging in further credit activity pursuant to the ‘No Upfront Charge Loan Model’, including by entering into new agreements with consumers, for so long as they do not hold an Australian Credit Licence.

Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.

The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.

Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.

Where can you get more information?

Where to go for further support

You can access legal advice in your state at: Free legal advice –

If you are experiencing trouble with debt, or money worries in general, contact:

  • the National Debt Helpline on 1800 007 007 or online chat (9:30am to 4.30pm, Monday to Friday).

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 (24 hours) or their crisis support online chat or
  • Beyond Blue on 1300 22 46 36 (24 hours) or their webchat