Life Moments

Having a baby

The cost of raising a child

Bringing up children is exciting, but expensive. A bit of planning ahead will help you manage your money before and after the baby arrives. Use our budget calculator to help manage your income and outgoings. Take a look at our savings products if you want to start to put money aside.
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Budgeting for your baby

Calculate your income and outgoings to see how you can meet the cost of your new arrival.
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Take a look at our savings accounts

Our range of savings accounts could help you save up if you are planning to have a baby. Take a look and see what could work for you.

Tips on managing costs

From nappies to baby monitors, the things you'll need for your baby can seem endless. Our tips can help you keep on top of things.

Second hand doesn't mean second best

  • For safety, some items like car seats and mattresses should be new
  • Highchairs, buggies and monitors can be borrowed or bought second hand
  • Check that things are in good condition first.

Help from family and friends and savvy shopping

  • Let family and friends know that you're interested in any hand me downs
  • Buy during the sales to get essentials at a good price
  • Read online reviews on sites like Netmums before you buy.

Buy and sell smartly

  • See if you can find a nearly new sale near you to pick up some bargains
  • Look out for local mother and baby groups which often hold sales
  • Websites like eBay and Gumtree are good places to find bargains
  • When you've finished with something, sell it to get some money back.

Maternity and paternity pay

Our guide can help you find out how much maternity and paternity pay and leave you could be entitled to when you have your baby.

You can find out about other benefits that may be available, and our salary calculator will help you work out your pay if your working patterns change after having a baby.

Have you got your affairs in order?

Would your family know your wishes if you fell ill or died? From your finances and funeral, to legal arrangements like wills and power of attorney, make, store and share your plans for the future with Plan Ahead, our free online estate planning tool.

Prepare for the future

Life can be unpredictable, but with the right life insurance cover in place, you'll have peace of mind. Life insurance could help ease the financial burden on your loved ones if you are diagnosed with a terminal illness or pass away.

Life Insurance is provided by AIG. 

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