Parents are most likely to spend R7,785 a month on their baby’s essentials. When you plan your budget for your baby’s arrival, you’ll need a lump sum for the initial setup, which is roughly R14,000.
How much does it cost to raise a child monthly in South Africa?
In South Africa, the cost of having and raising one child can easily reach R1 681 470 for the average middle-income family.
How much does it cost to have a baby in South Africa?
According to data from medical aid schemes, the average cost of a natural birth in a private hospital is around R25,000, including two to three days spent in hospital. If your baby is delivered by Caesarean section, the cost jumps to between R38,000 and R44,000.
How much does it cost for a baby per month?
The average weekly childcare cost for one infant is $565 for a nanny, $215 for a daycare or childcare center. These costs vary among states, and each family’s arrangement with their provider, but a budget should be in place if you need care for your child while you work. Estimated monthly amount: $2,260.
How much will a baby cost?
A middle-income family can expect to pay an average of $13,000 on their child per year, according to estimates from the USDA.
Is having a baby expensive?
The average price of having a baby through vaginal delivery is between $5,000 to $11,000 in most states, according to data collected by FAIR Health. These prices include the total duration of care, the obstetrician’s fee (including prenatal care), the anesthesiologist’s fee and the hospital care fee.
How much is a Netcare birth?
Here are Netcare Park Lane Hospital’s maternity fixed fees for 2018, for example. With normal delivery, a two-day, one-night stay will cost you R15,000, while a three-day, two-night stay will cost you R19,000.
How much does it cost to give birth in a government hospital in South Africa?
Emergencies aside, you’re looking at a price range of about R16 000 to R46 050 depending on the birth method (figures based on Medi-Clinic Southern Africa estimates from 2016). If, like many South Africans, you cannot afford private healthcare, you are more than entitled to government health care.
How much should I budget for a baby per month?
Before you make that major life decision, take a careful look at your finances, since you’ll need an average of $1,500 a month in your first year. Babies are life changing, and wonderful, and cute as can be, but for something so small, they sure cost a heck of a lot.
How much money should I have before having a baby?
Plan to have at least $20,000 in the bank.
What should I budget for baby?
Budgeting for a baby
- 50% for needs such as household bills, minimum loan payments and expenses such as child care, diapers and formula.
- 30% for financial wants.
- 20% for savings and payments on toxic debts, such as payday loans and credit card balances.
How much does a kid cost?
In the US, the average cost of raising a child through the age of 17 is $233,610. This figure is based on data compiled in the most recent Expenditures on Children by Families report completed by the United States Department of Agriculture (USDA).
How much does it cost to have a baby 2021?
It also depends on what state you live in. According to data collected by Fair Health, the average cost of having a vaginal delivery is between $5,000 and $11,000 in most states. The numbers are higher for C-sections, with prices ranging from $7,500 to $14,500.
How much do you spend on diapers a month?
The average baby goes through eight to 12 diapers a day, which, according to the National Diaper Bank Network, can set you back $70 to $80 per month, or about $900 a year.