Saving money for your baby
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That's goodtoknow...
Did you know that the average cost of a child, from 0-21 is around £200,000. Find out how to cut the costs.
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Experts estimate that bringing a baby into the world can cost between £20-50,000.
But don't panic because we've got 18 great money-saving tips to help make those early months a little cheaper.
1. Budget for baby
Before you give birth go through your monthly outgoings to look at where you might be able to cut costs. You might find that you're entitled to a mortgage payment holiday, you have an ISA that you can cash in or that it's time settle your credit card bills and cut up the cards.
2. Make your claim
Child Benefit is available as soon as you have your baby, so make sure you put in your claim. It might be easier to get the forms before you give birth.
You'll also get a Child Trust Fund voucher for £250 which you must then invest in a proper child trust account. Anyone can then contribute to this fund so you could ask friends and relatives to make a donation rather than buy clothes or toys.
You might be entitled to Tax Credits too - find out if you can claim.
By Louise O'Connell
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