Are babies really this expensive?

Hi,

Firstly, I am not currently a parent nor am I TTC, but my partner and I are looking at TTC in the near future, so we've tried to make a loose budget to see how much baby's first year would realistically cost. I started off (now naively) saying I reckon we could do it with £500 of stuff before baby is born, and £500 of ongoing costs such as nappies. However, once we've actually added up everything people have told us is essential, it's come to £2800?!?!?! How on earth can people afford that? I feel like we've gone very low end of the budget as well with most of the things we've priced coming from ASDA's website so very much budget items. Is it really going to cost around £3k for one year? That seems bonkers to me! I am leaning towards formula feeding which is why I haven't accounted for breast pumps etc.

Here is the budget we made:

Clothing£185

total

- 5 vests size newborn£5

- 5 vests size 0-3 months£5

- 5 vests size 3-6 months£5

- 5 vests size 6-9 months£5

- 5 vests size 9-12 months£5

- 6 sleepsuits size newborn£15

- 6 sleepsuits size 0-3 months£15

- 6 sleepsuits size 3-6 months£15

- 3 sleepsuits size 6-9 months£10

- 3 sleepsuits size 9-12 months£10

- 6 t shirts size 6-9 months£10

- 6 t shirts size 9-12 months£10

- 3 pairs trousers size 6-9 months£10

- 3 pairs trousers size 9-12 months£10

- 2 jumpers size 0-3 months£10

- 2 jumpers size 3-6 months£10

- 2 jumpers size 6-9 months£10

- 2 jumpers size 9-12 months£10

- 2 warm hats suitable for newborn£5

- 1 sunhat suitable for summer£5

- 6 pairs socks (6-12 months)£5

Bedroom£555

total

- 2 cellular blankets£10

- 2 sleeping bags size 0-6 months£30

- 2 sleeping bags size 6-12 months£30

- 2 swaddle wraps£25

- 1 cot£0

as we are being given one by parents for free

- 1 cot mattress£150

- 2 cot mattress protectors£15

- 4 cot sheets£15

- 1 chest of drawers£150

- 1 full size changing mat£5

- 1 night light£5

- 1 baby monitor£120

Changing£480

total

- 1 changing bag£30

- 1 portable changing mat£0

- 1 car seat£130

- 1 car seat base£100

- 1 pushchair£150

- 1 baby carrier / baby wrap£40

- 2 hooded towels £10

- 1 bath support £25

Feeding£50

total

- 6 bottles with teats£10

- 1 bottle brush£3

- 1 steriliser£25

- 2 bottle insulation bags£12

Misc.£70

total

- 1 thermometer£10

- 1 baby swing (naps during the day)£40

- 1 playgym£20

Ongoing costs£1,510

total

- Nappies, wipes, formula£1,250

- Misc. costs for odd bits£260

Grand total - £2860

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