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  5. Cost of having a baby

Cost of having a baby

Can I afford this? The financial audit.

He says

I’m really lucky that my missus, Stacey, is extremely switched on when it comes to finances. I, on the other hand, find it like sitting through a Martha Stewart marathon.

Between Stacey, both families, and my one-day a week at home, we have managed to take care of Matilda for the first 11 months without having to use Day Care. As a result, we have skipped that cost, and allowed Stacey a couple of days a week to supplement the family income.

At least in the first year, the cost has been manageable. Aside from big-ticket items – cots, prams etc., mashed up peas and Nappies (especially when bought online?) isn’t too much of a worry.

So, we made it through the pregnancy and birth, furnished ourselves with all the baby gear we could ever need – but almost one year in, my thoughts are already turning to school fees.

So on that topic, as director of Being Dad, I invited the marketing manager of one of Australia’s leading schools out for lunch. Over a sandwich or two, she informed me that as Matilda was 11 months old, I had probably already missed the boat for an application into either Kindergarten or a Year 5 intake. The earliest I could hope for was Year 7. Wow! I think that most Dads were unaware of the process, she said.

I also did a bit of research. I went to private School, finishing about 12 years ago. Fees at my old school, in that 12 year period have gone up by 400%. Some Schools now charge as much as $20,000 per year. I’m hoping that we’re not looking at a similar increase between now and Matilda’s 12th birthday!!

She says

Troy, there are some very good public schools!

Obviously Troy wants Matilda in private school, but we’ll cross that bridge when we come to it… Like we say about Matilda, “You have to pick and chose your battles”.

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