Cost-Cutting Ideas for New Mums and Dads



Welcoming a new baby into the family is undoubtedly cause for celebration, but the momentous occasion is also a life-changing moment. From midnight feedings to rising expenses, things will never be the same, after baby arrives. Though many of the changes are beyond your control, you can get a handle on the financial aspects of parenting, if nothing else.

There’s no question fresh mums and dads have their hands full accommodating the family’s newest member, and those who’ve gone through it know financial pressure also rises following baby’s birth. Fortunately, adopting cost-effective measures can ease the financial burden, allowing parents to focus on the joy of having a new baby in the house.

How Much Does it Cost to Raise a Child in the UK?

Estimates vary widely, perhaps because parents have different spending habits, but most analysts agree – raising children is expensive. According to research recently undertaken by Loughborough University Centre for Research in Social Policy, it is thought the cost of raising a child to age 18 may exceed £150,000.

The actually figure may well be more than that, but even the Centre’s estimate represents a substantial amount of money spent nurturing your baby to adulthood. And if uni is in your plans, you can expect to spend even more money, contributing to the cost of higher education.

It is also worth noting, the estimate provided refers to the amount of money a couple might spend supporting their child until he or she reaches the age of emancipation. The cost carrying baby to adulthood rises considerably for single parents, who can expect to pay more than £180,000 to accomplish the task, according to the data.

Loans are available online to help with short-term expenses – even if your credit isn’t perfect. And with stakes like these tugging at your budget for nearly 20 years, money-saving measures are welcomed – both before baby is born, and throughout his or her childhood. Take advantage of the following saving opportunities for mums and dads, to stretch your family budget.

Train Upgrades – Train companies appear to understand how pregnant women feel, moving through life with a baby on board. Many provide “mums-to-be” passes, allowing expectant mothers to sit in the first class section, when seats are not available in standard class.

To qualify for the upgrade, you must typically be at least 20 weeks pregnant and you may be required to show documentation, proving your eligibility for maternity pay and benefits.

Discounts on Reusable Nappies – Depending upon your location, it may be possible to secure discounts on reusable nappies from the government. New mums may be eligible for vouchers or cashback to be applied to the cost of nappies. Your local council will want to see the child’s birth certificate, and the precise value of the vouchers varies, from place to place.

Vouchers for nappies range from about £30 in some areas, to as much as £45 in other locales. The money off is bound to make a difference for new parents, who can expect their little ones to use close to 4000 nappies up to age 2 and one-half.

Sleeping Box and Accessories – Parents in Scotland are eligible to receive a free baby sleeping box filled with essential items needed for bringing up baby. Those living in England may also apply for a similar benefit, in exchange for completing a quiz and viewing parenting videos.

Free Flights – Children fly free until they reach 2 years of age, so you can make holiday for less, whilst your child is young. Though it may be a challenge working out travel details with a youngster in tow, free flights are a good incentive to take as many getaways as possible, before your child requires a paid ticket.

Child Benefit – Anyone can claim child benefit, which tops £20 per week for the oldest child and more than £13 each week for younger siblings – all paid out until age 16. Though your claim may take weeks to process after registering the birth of your new baby, the benefit is backdated, so you won’t lose out on payments.

Bringing a child home is a meaningful milestone for UK parents, but the life-altering experience is also expensive for new mums and dads. These are only a few of the deals and discounts you can use to lower the cost of raising your child.

Paul graduated in 2001 with a degree in Finance. Since then he has gone on to work for several of the UK's most well-known financial institutions.

An avid blogger and a huge football fan, Paul is here to guide you through the ins and outs of personal finance and perhaps save you some money in the process!

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