Parents spend more than £5,000 on their first child before he reaches his first birthday, a new survey has found. Parents admit to spending nearly £2,000 preparing for their child’s arrival and cited nursery furniture, pushchair and car seat as their priciest buys.
In the survey by BabyDam of 2,000 parents, 86% admitted to watching their wallets much more carefully with their following children. The number of mums and dads prepared to accept hand-me-downs also rose from 56% with their first child compared to 77% with their second.
Once their baby arrives, parents shell out over £1,000 on food and formula while toys and clothes proved irresistible, with babies receiving nearly £800-worth of each in their first year.