Woah baby: This is how much your friends' children cost you

Photo: Getty Images
Photo: Getty Images 

When a close friend has a baby it's undoubtedly a joyous affair. A new report, however, suggests it's an expensive one, too.

According to a survey conducted by UK card company Thortful, a mate's fresh bub will set you back a cool $2213.

And, when you do the maths, it's not hard to see why. Between baby showers, gender reveal parties, gifts before baby arrives and gifts after baby arrives, the costs keep adding up.

"Put simply," say the folks at Thortful, "every time your friends get busy, you have to pay the bill."

Results from the survey of 1,000 respondents showed that on average, in the first year of a baby's life, your close mates will spend $512 on your newest bundle of joy.

Why? How? 

Here's the breakdown:

  • First Christmas present -$71
  • First Birthday present - $66
  • Pre-birth presents - $67
  • Presents after bub is born - $63
  • Gender reveal parties - $57
  • Christening - $68
  • Baby Shower - $68
  • Easter presents - $52
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But while that first year will be the priciest, the costs continue over the next decade with spending on birthdays, Christmas and Easters.

 
And that's PER CHILD. 
This, of course, doesn't factor in the money we're shelling out on our own spawn. According to a recent report published by  IBISWorld, the cost of raising a newborn from birth to four years old has risen by 26.3 per cent over the past five years, with Aussie parents set to spend $13.2 billion in 2018-2019.
This works out to around $3,577 per child per year, excluding childcare. And when you add those daycare fees in, that cost rises to almost $8,000.

Lucky they're cute, right?