Baby Budget calculator

Our baby budget calculator will help you to plan out your monthly budget, you'll find that everything's broken down into sections to help make sure that you don't forget anything important.

Before you start you'll need a few figures to hand (although we've added a few in to help you out):

  • Your household Earnings after Tax (pay minus tax, National Insurance and any other deductions)
  • Your Child Tax and Working Tax Credit entitlements (remember you can use our Tax Credits calculator to work these out)
  • An idea of your monthly outgoings: including money spent on food, utilities, insurance premiums and mortgage/rent.
1. Your monthly income £0.00Before Baby £0.00After Baby
  Before After
Parent One (Month Salary/Wages)

Your household's main salaried income.

Parent Two (Month Salary/Wages)

The second income where appropriate.

Child Benefit

Child Benefit is now a means tested benefit and not all families are eligible. Visit our Child Benefit page to see if you are eligible and how much you would receive.

Childcare Contributions Paid by Your Employer

You may be able to get help from your employer - visit the Childcare Vouchers page for more info.

Child/Working Tax Credits

Do you know what benefits you're entitled to? Visit the Tax Credits page to find out.

Income Support (Inc Housing & Council Tax Benefits)

If you currently receive income support, your benefits may change when you have children. Please check with your current benefits office.

Income from Savings & Investments (after Tax)

Any income you receive from stocks, shares, savings, etc aggregated to a monthly sum.

Additional Monthly Income from Other Sources

Further income including ad hoc work, support from your family or child maintenance from an estranged partner etc.

2. Household spending £0.00Before Baby £0.00After Baby
  Before After
Mortgage or rent
Council tax
Water bills

You probably receive a quarterly bill so you will need to calculate the monthly average.

Gas, electricity and/or other fuel bills

You may have a mixture of monthly and quarterly bills so you might need to do a few sums to give yourself an average monthly figure.

Phone, internet, TV and Satellite Bills (inc license fee)
Buildings and contents insurance policies

If you don't already pay in instalments this will be an annual premium that you will need to divide by 12.

Life insurance policies

If you don't already pay in instalments this will be an annual premium that you will need to divide by 12.

Credit Card repayments
Other loan repayments
Personal Pension contributions (additional to any already deducted from your salary)
Regular savings

Don't forget to include any savings provisions including child specific savings options like Junior ISAs that you will be intending to make.

3. Living expenses £0.00Before Baby £0.00After Baby
  Before After

Remember that after your baby arrives the type of entertaining you do may change, eg, you may have more takeaways, DVD rentals and friends round for dinner and drinks instead of going out.


You may need to consider baby-friendly destinations and the practicalities of transporting everything your baby will need while you're on holiday.

Leisure activities inc Gym Membership
Travel (inc to and from work)

Obviously while you're on maternity leave this can be a big saving.

Car (inc fuel)

Any monthly car repayments that you make and an average monthly spend on petrol.

Food, toiletries and household basics (excluding baby stuff)
Clothing (excluding baby clothes)

You can take a monthly average to help you budget.

Additional Spending
4. New baby expenses £0.00Before Baby £0.00After Baby
  Before After
Childcare Costs

Childcare can be one of the largest outgoings associated with having a baby and going back to work. Our Childcare calculator can give you an idea of how much it could cost.

Baby food and baby toiletries
Disposable nappies
Baby clothes
Nursery furniture inc Cot, decorating the room, etc.

These are really one-off expenses so you may or may not want to include them in a monthly budget depending on whether you already have the money to pay for them. If you need to save or pay in installments then use the 'before' (saving up before baby arrives) and 'after' (paying off the cost on a monthly basis) columns appropriately. You could allow £400 as a guide.

Baby equipment inc, prams, car seats, etc.
5. Other one-off expenses £0.00Before Baby £0.00After Baby
  Before After
Household items, white goods, furniture, etc.

Provide a figure that covers monthly installments from Hire Purchase agreements or if you're saving up or a figure that covers the amount you need to save each month. Remember to work out whether these are things you can afford before the baby comes when you'll often have a higher total household income.

Total income £0.00Before Baby £0.00After Baby
Total outgoings £0.00Before Baby £0.00After Baby
Total leftover

At the end of the month you currently have left over

£0.00Before Baby £0.00After Baby
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Don’t lose this information!

All calculations are a guide only, we will not be liable for inaccurate information. Full details can be found here  Terms and Conditions and Privacy Policy.

All of these products invest in stocks and shares so we want to remind you that their value can fall as well as rise, meaning your child could get back less than was paid in.

*We won the Moneyfacts award for Best Junior ISA Provider in 2015 and 2016. As Family Investments we won the same award in 2012 and 2014.