Latest / She's On The Money / How Much Does it Cost to Bring a Baby Into the World?

Transcript

How Much Does it Cost to Bring a Baby Into the World? · She's On The Money

• 0:00
  Speaker 1: Hello.
• 0:01
  Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
• 0:05
  Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we
• 0:08
  Speaker 2: get started on She's on the Money podcast, I would
• 0:11
  Speaker 2: like to acknowledge the traditional custodians of the land of
• 0:14
  Speaker 2: which this podcast is recorded on a wondery country, acknowledging
• 0:18
  Speaker 2: the elders, the ancestors and the next generation coming through
• 0:23
  Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 2: the storytelling of you to make a difference for today
• 0:31
  Speaker 2: and lasting impact for tomorrow.
• 0:33
  Speaker 1: Let's get into it.
• 0:34
  Speaker 3: She's on the Money, She's on the Money.
• 0:58
  Speaker 4: Hello, and welcome to The Money, the podcast for millennials
• 1:01
  Speaker 4: who want financial freedom. My name is beck Syed and
• 1:04
  Speaker 4: with me is Victoria Divine, former financial advisor and a
• 1:08
  Speaker 4: new mama. Hello, how are you feeling.
• 1:12
  Speaker 1: I'm good. Actually, you would be surprised.
• 1:15
  Speaker 4: Yeah, you don't look like you haven't slept.
• 1:17
  Speaker 5: That's because I, at this point in time, have a
• 1:20
  Speaker 5: baby who is relatively forgiving. Don't get me wrong, that
• 1:23
  Speaker 5: could change at any moment, so we're just taking it
• 1:26
  Speaker 5: day by day. But he gave me a great sleep
• 1:28
  Speaker 5: last night. And I am taking wins where I see them.
• 1:30
  Speaker 4: That's so good, very easy to have a baby.
• 1:35
  Speaker 5: That's not what I said, Okay, I just said I'm
• 1:39
  Speaker 5: taking the wins when I get But Beck, I am
• 1:43
  Speaker 5: very excited to be back, especially with this episode.
• 1:46
  Speaker 1: And yes, this episode is the confluence of both of.
• 1:49
  Speaker 5: These things that I love. It's all about how much
• 1:52
  Speaker 5: it really costs to bring a baby into the world.
• 1:56
  Speaker 5: It's obviously a very big time in every aspect of
• 1:59
  Speaker 5: when you're in this of life. Believe me, I know now,
• 2:02
  Speaker 5: and unsurprisingly, many soon to be parents are very blindsided
• 2:07
  Speaker 5: by the true cost of pregnancy parenthood, which obviously actually
• 2:11
  Speaker 5: starts to accumulate way before the baby arrives, right, And
• 2:16
  Speaker 5: I feel like I have felt this through and through
• 2:18
  Speaker 5: so I have been keeping track of exactly what I
• 2:21
  Speaker 5: have been spending and now I'm going to share it
• 2:23
  Speaker 5: with you, so Beck, because preparation it breeds success. I'm
• 2:28
  Speaker 5: here to break down the true cost of having a
• 2:31
  Speaker 5: baby in Australia in twenty twenty four. So today we're
• 2:35
  Speaker 5: going to be talking about Obviously my experience, and my
• 2:39
  Speaker 5: experience is not the experience of every single person, Like
• 2:43
  Speaker 5: birth and pregnancy is different for every single human being.
• 2:47
  Speaker 5: It could be zero dollars in total for you to
• 2:51
  Speaker 5: have a baby. Let's be honest, there is a way,
• 2:54
  Speaker 5: but it could also be tens of thousands of dollars
• 2:58
  Speaker 5: to have a baby. And to be full transparent, I
• 3:01
  Speaker 5: went through the private system. I will tell you what
• 3:04
  Speaker 5: that cost me. We are going to talk about why
• 3:06
  Speaker 5: I picked that, what I would pick next time, but
• 3:09
  Speaker 5: we will also be breaking down the cost of birthing
• 3:12
  Speaker 5: in private versus public. We're going to be talking about
• 3:15
  Speaker 5: the cost of fitting out a nursery, and then after
• 3:18
  Speaker 5: the break, I'm going to be giving you the cost
• 3:20
  Speaker 5: of parental leave and childcare and some tips on the
• 3:23
  Speaker 5: unexpected areas that have really added up that could break
• 3:27
  Speaker 5: the bank. And I think that that might be a
• 3:29
  Speaker 5: pretty good place to start.
• 3:30
  Speaker 4: Yeah, I'm actually really excited for this episode because personally,
• 3:33
  Speaker 4: I'm like, I don't have any idea how much a
• 3:35
  Speaker 4: baby costs. I just like, how do they spend so
• 3:38
  Speaker 4: much on like something that doesn't you know what I mean, Like,
• 3:40
  Speaker 4: I'm so confused by it. So I'm very excited about
• 3:42
  Speaker 4: this one. I'm very excited about your insights on this.
• 3:45
  Speaker 4: But do we have a figure on what it costs
• 3:47
  Speaker 4: for the average Australian to have a baby.
• 3:49
  Speaker 5: Yes, so obviously I'm speaking on behalf of Steve as well,
• 3:52
  Speaker 5: but this has been one of the most exciting times
• 3:55
  Speaker 5: in our entire lives, and of course that actually has
• 3:58
  Speaker 5: meant that we've had to make some fine outial considerations
• 4:01
  Speaker 5: and do some restructures and work out what's going on.
• 4:04
  Speaker 5: So obviously, again, every single family is different. I don't know,
• 4:08
  Speaker 5: I felt when we're putting this episode together that I
• 4:11
  Speaker 5: was like, do I tell everybody what we've paid? Because
• 4:14
  Speaker 5: obviously we have a lot more privilege than a lot
• 4:17
  Speaker 5: of people. We have two full time working parents in
• 4:20
  Speaker 5: this situation, and I look at it and go, Okay,
• 4:23
  Speaker 5: that's not the experience of everybody. But I think by
• 4:26
  Speaker 5: me sharing it, it just gives you an insight. By
• 4:29
  Speaker 5: no means is that the right way to do it, though, Like,
• 4:32
  Speaker 5: the right way is the way that works for you
• 4:34
  Speaker 5: and your family. So every family is different. But for
• 4:37
  Speaker 5: the average Australian, the price tag that comes with adding
• 4:41
  Speaker 5: a tiny human to your family is huge. So from
• 4:44
  Speaker 5: the moment that your pregnancy is confirmed to the years
• 4:48
  Speaker 5: of child raising that come after the financial commitment is
• 4:51
  Speaker 5: very high, and the average monthly cost of having a
• 4:54
  Speaker 5: little baby in your life is between seven hundred and
• 4:56
  Speaker 5: seven hundred and fifty dollars back per month.
• 5:00
  Speaker 4: That's a hectic financial load.
• 5:02
  Speaker 5: It is a lot of money, but it doesn't have
• 5:05
  Speaker 5: to be sure. But also lots of people spend more
• 5:07
  Speaker 5: than that full transparency.
• 5:09
  Speaker 1: Thus far, I have spent more than that.
• 5:11
  Speaker 4: Yeah, I was gonna ask you.
• 5:12
  Speaker 1: I have definitely spent more.
• 5:13
  Speaker 4: Okay, okay, and I'm sure we will get into that more.
• 5:16
  Speaker 4: But I imagine you would have had all of your
• 5:17
  Speaker 4: spreadsheets and budget in place before Harvey was born.
• 5:21
  Speaker 1: Yes, because I am nothing if not prepared.
• 5:24
  Speaker 4: I wouldn't expect any less. Did your own costings come
• 5:27
  Speaker 4: out similar to this look on average?
• 5:31
  Speaker 5: Yes, but we also went through the private system, which
• 5:34
  Speaker 5: is much more expensive than the public system. But then
• 5:38
  Speaker 5: also we've made, you know, some bougie baby purchases that
• 5:41
  Speaker 5: we definitely didn't have to make that you definitely don't need,
• 5:44
  Speaker 5: but we have appreciated so things like we have purchased
• 5:48
  Speaker 5: a sterilizer for our baby bottles because Harvey is taking
• 5:52
  Speaker 5: formula and I didn't expect him to take formula, but
• 5:55
  Speaker 5: the sterilizer costs like two hundred dollars, whereas you could
• 6:00
  Speaker 5: just boil water and sterilize the bottles that way. So
• 6:03
  Speaker 5: that to me is a pretty bougie unnecessary purchase, but
• 6:07
  Speaker 5: it's one of those things that does make life easier.
• 6:09
  Speaker 5: Doesn't mean you need one, absolutely not, but if that's,
• 6:13
  Speaker 5: you know, the bane of your existence, to me makes
• 6:15
  Speaker 5: a lot of sense. But one of my girlfriends was like,
• 6:17
  Speaker 5: that is unnecessary. I just boil my bottles, and I'm like,
• 6:21
  Speaker 5: you do you boo?
• 6:21
  Speaker 4: We are all different, Okay, Yeah, well you know, you
• 6:24
  Speaker 4: got to do what you gotta do. And I feel like,
• 6:26
  Speaker 4: if it's saving some time and it's a convenient, then
• 6:28
  Speaker 4: why not if you have the money. Of course, let's
• 6:30
  Speaker 4: start with, like, I want to know where your financial
• 6:32
  Speaker 4: shocks were, because I know that, like first time baby,
• 6:35
  Speaker 4: you probably like me in a way where you're like,
• 6:38
  Speaker 4: I have no idea how much it's going to cost.
• 6:40
  Speaker 5: Yeah, So I think that's probably a really good place
• 6:42
  Speaker 5: to start because I'm going to talk about loss here
• 6:45
  Speaker 5: just as a little bit of a trigger warning. We
• 6:47
  Speaker 5: had two losses before we got pregnant with Harvey and
• 6:51
  Speaker 5: had a successful pregnancy and I don't think I had
• 6:55
  Speaker 5: comprehended how much that would cost. So I had a
• 6:58
  Speaker 5: very rude awakening when I had my second loss and
• 7:02
  Speaker 5: I needed to go into hospital to have surgery for that,
• 7:05
  Speaker 5: and I realized I was not covered for pregnancy even
• 7:10
  Speaker 5: though I had private health insurance cost so it ended
• 7:14
  Speaker 5: up costing me because I was going through the private system.
• 7:17
  Speaker 5: I'd set it all up through the private system because
• 7:19
  Speaker 5: I had assumed that I was covered, and that's on me.
• 7:23
  Speaker 5: Like as the girl who reads all the teas and
• 7:25
  Speaker 5: season understands the feace, you would think that I would know,
• 7:29
  Speaker 5: but it's kind of like the plumber who has a
• 7:30
  Speaker 5: leaky tap. I just assumed it was all good because
• 7:33
  Speaker 5: the private health insurance that I had picked historically worked
• 7:36
  Speaker 5: for me. But it wasn't working anymore because historically I
• 7:39
  Speaker 5: wasn't lanning on having a baby at all. So we
• 7:42
  Speaker 5: had to readjust my private health insurance at that point.
• 7:45
  Speaker 5: So my surgery for my second loss actually cost us
• 7:49
  Speaker 5: thirty five hundred dollars out of pocket because no private
• 7:54
  Speaker 5: health insurance was covering that, and it was done in
• 7:56
  Speaker 5: a private system. In the public system would have been free.
• 8:01
  Speaker 5: I was offered to move into the public system so
• 8:05
  Speaker 5: that I didn't have to have that. But again, I
• 8:08
  Speaker 5: was in the very privileged position where my husband and
• 8:10
  Speaker 5: I could afford that, and we both agreed that, given
• 8:13
  Speaker 5: I was going through that situation, given my doctor was
• 8:15
  Speaker 5: already there, I'd much prefer to spend that money, sure,
• 8:19
  Speaker 5: and just stay in the one place and have the
• 8:21
  Speaker 5: doctor that I would see for my subsequent pregnancies and
• 8:24
  Speaker 5: the woman that had looked after me historically do that
• 8:27
  Speaker 5: surgery for me. So I felt more comfortable. But yes,
• 8:30
  Speaker 5: that cost me thirty five hundred dollars out of pocket.
• 8:33
  Speaker 4: Is there like a reason why you chose to go
• 8:35
  Speaker 4: private other than like the reasons that you mentioned, like
• 8:37
  Speaker 4: comfort and having the same doctor and things like that.
• 8:40
  Speaker 4: Were they any reasons for you?
• 8:41
  Speaker 5: I was really anxious because historically I'd been told that
• 8:44
  Speaker 5: pregnancy would be hard for me. I have a couple
• 8:47
  Speaker 5: of underlying health conditions related to my immune system that
• 8:50
  Speaker 5: I knew I would need additional support for. I also
• 8:54
  Speaker 5: historically knew that my grandmother and my mother had a
• 8:57
  Speaker 5: pretty hard time during pregnancy and needed a number of interventions,
• 9:01
  Speaker 5: so I.
• 9:01
  Speaker 1: Assumed that would be the case for me.
• 9:03
  Speaker 5: Sure, I assumed correctly, and I did need those interventions.
• 9:07
  Speaker 5: Like Beck, you saw me when I was like thirty
• 9:09
  Speaker 5: eight weeks pregnant and still recording. I was so bloated
• 9:13
  Speaker 5: and puffy because of my hypertension. It was ridiculous, Like
• 9:16
  Speaker 5: I look like I had lost thirty kilos. The day
• 9:20
  Speaker 5: I walked out of the hospital after having Harvey, it
• 9:22
  Speaker 5: was elite. I felt like a new human being. But
• 9:25
  Speaker 5: I knew that these things were coming. And so after
• 9:27
  Speaker 5: discussing it with Steve and having historically had private health insurance,
• 9:32
  Speaker 5: to me, I was like, Okay, well let's go private.
• 9:35
  Speaker 1: Would I go private again? Maybe?
• 9:38
  Speaker 5: But I think I would also be quite comfortable in
• 9:41
  Speaker 5: the public system as well. I've got a best friend
• 9:45
  Speaker 5: who's pregnant at this point.
• 9:46
  Speaker 1: She's having a baby very very sooner.
• 9:48
  Speaker 5: Babies are going to be like ten weeks of heart,
• 9:49
  Speaker 5: which I'm very excited about, and she's in the public system,
• 9:53
  Speaker 5: and I've kind of been comparing the experiences, and to
• 9:56
  Speaker 5: be honest, given I knew that I would probably be
• 9:59
  Speaker 5: a high risk pregureancy as well, I would have been
• 10:02
  Speaker 5: very fine in the public system. So this isn't a
• 10:05
  Speaker 5: this is better, This is worse. I think that we
• 10:07
  Speaker 5: had just gone down that pathway. I already had private
• 10:10
  Speaker 5: health insurance, so in my head that made a lot
• 10:12
  Speaker 5: of sense. But as we start talking about the financials
• 10:15
  Speaker 5: of it, you might go, that doesn't make sense for us.
• 10:18
  Speaker 4: Sure.
• 10:18
  Speaker 5: Something I did not realize, Beck, is that when you
• 10:22
  Speaker 5: go in the private system, obviously you have your private
• 10:25
  Speaker 5: health insurance. And I am paying one hundred and thirty
• 10:28
  Speaker 5: four dollars per week for my private health insurance per week,
• 10:32
  Speaker 5: per week, okay, And I had to do that because
• 10:35
  Speaker 5: I had to step up from my previous health insurance,
• 10:39
  Speaker 5: which was like sixty dollars a week, I believe because
• 10:43
  Speaker 5: that private health insurance, same company, different levels of cover,
• 10:47
  Speaker 5: did not include pregnancy and birth, whereas I had to
• 10:50
  Speaker 5: step up to a level which is one hundred and
• 10:52
  Speaker 5: thirty four dollars a week to get the pregnancy and
• 10:56
  Speaker 5: birth cover that I needed to give birth in a
• 10:58
  Speaker 5: private hospital.
• 10:59
  Speaker 4: Okay, I guess it's hard to say now, and this
• 11:01
  Speaker 4: is probably quite a personal one, but do you expect
• 11:03
  Speaker 4: that you will kind of be able now to go back.
• 11:07
  Speaker 5: I will keep that level of private health insurance until
• 11:09
  Speaker 5: I'm done having children, and then at that point where
• 11:12
  Speaker 5: we'll probably drop it back down. So for me, this
• 11:15
  Speaker 5: is a season, it's not a forever. We're now on
• 11:17
  Speaker 5: like the gold ultimate level of cover, and it makes
• 11:21
  Speaker 5: me feel really secure. But back to the thing that
• 11:23
  Speaker 5: I didn't expect, in addition to having to increase my
• 11:26
  Speaker 5: private health insurance, is that I would have to pay
• 11:31
  Speaker 5: for a private obstetrician in addition to the private hospital cover.
• 11:35
  Speaker 5: And the private obstetrician is not covered by my private
• 11:39
  Speaker 5: health so that cost me ten thousand dollars out of pocket. Again,
• 11:45
  Speaker 5: I feel like I have to reiterate my privilege, and
• 11:47
  Speaker 5: I feel really bad always bringing it up, but we're
• 11:50
  Speaker 5: talking about my financial situation, and I think it's you know,
• 11:54
  Speaker 5: fair to be really transparent, but also I don't want
• 11:56
  Speaker 5: you guys thinking that I think this is expected. I
• 11:58
  Speaker 5: feel very grateful to be in this position. But that
• 12:02
  Speaker 5: did cost us ten thousand dollars on top of you know,
• 12:06
  Speaker 5: the private health that we're paying one hundred and thirty
• 12:08
  Speaker 5: four dollars a week for, yes, and then I had
• 12:11
  Speaker 5: to pay the excess on staying in hospital, and that
• 12:14
  Speaker 5: was seven hundred and fifty dollars. Oh okay, we did
• 12:17
  Speaker 5: stay in the hospital because we were private for a week.
• 12:20
  Speaker 1: You know, a little bit of birth story.
• 12:22
  Speaker 5: But I was induced, which means I went in the
• 12:25
  Speaker 5: night before and had another night in hospital. I then
• 12:28
  Speaker 5: ultimately ended up having a emergency cesarean. Everyone is okay
• 12:33
  Speaker 5: and healthy and happy, and it was the right decision
• 12:36
  Speaker 5: for us, But having a cesarean meant an additional cost.
• 12:40
  Speaker 5: Most of that was covered by our private health insurance.
• 12:43
  Speaker 5: But the additional cost would be for the additional staff
• 12:46
  Speaker 5: for the surgery, but also for an anethetist, and I
• 12:49
  Speaker 5: am now another four hundred dollars out of pocket. For
• 12:53
  Speaker 5: the anethetist, he costs thirty five hundred dollars. My private
• 12:56
  Speaker 5: health insurance obviously covered most of that, but we had
• 12:59
  Speaker 5: to pay an excess of four hundred dollars for him.
• 13:03
  Speaker 1: And all of that makes a lot of.
• 13:05
  Speaker 5: Sense, but there's a lot of costs to just having
• 13:07
  Speaker 5: the baby, and that's before you like deck out the
• 13:09
  Speaker 5: nursery and get everything up and running. However, just keep
• 13:13
  Speaker 5: in mind that those costs are private costs. Yes, they
• 13:16
  Speaker 5: are not the costs that are related to giving birth
• 13:19
  Speaker 5: in a public hospital. Yes, in a public hospital, you
• 13:22
  Speaker 5: do not have to pay for a private obstetrician because
• 13:24
  Speaker 5: there's obstetricians on staff and they look after you there.
• 13:28
  Speaker 5: That's why you're not guaranteed one, Whereas in my situation,
• 13:31
  Speaker 5: because I paid for her, I was basically guaranteed that
• 13:34
  Speaker 5: she would be there for my birth and she was yep.
• 13:37
  Speaker 5: And also, if you have to have an emergency cesarean
• 13:40
  Speaker 5: in the public system, it's all covered. So for me,
• 13:43
  Speaker 5: I had to pay for it because it was a
• 13:45
  Speaker 5: private surgery, whereas you know, if you go down the
• 13:47
  Speaker 5: public route, that's not a cost. So I'm feeling like
• 13:50
  Speaker 5: I need to remind you of that because I don't
• 13:52
  Speaker 5: want you to go, oh my gosh, if I have
• 13:53
  Speaker 5: a cesarean, that'll cost me a bomb or whatever. Really
• 13:56
  Speaker 5: that's not the case in the public system.
• 13:58
  Speaker 4: Okay, Yeah, it's definitely like not everyone. You didn't have
• 14:01
  Speaker 4: to go private, of course, and public is really really
• 14:03
  Speaker 4: an amazing system, Like we're really lucky, we are so lucky.
• 14:06
  Speaker 4: But it is very interesting to know kind of like
• 14:08
  Speaker 4: all the little ins and outs of it. Yeah, because
• 14:09
  Speaker 4: I know you mentioned the anethetist. Yes, all the other
• 14:12
  Speaker 4: things you had to pay for for the emergency cesarean.
• 14:15
  Speaker 1: That was all included, I coveted it was okay.
• 14:18
  Speaker 5: My obstetrician did have another fee associated with doing a cesarean,
• 14:22
  Speaker 5: so that was about one thousand dollars and that was
• 14:24
  Speaker 5: out of pocket. And then I ended up spending a
• 14:27
  Speaker 5: total of six nights in hospital before going home, and
• 14:31
  Speaker 5: all of those were included because of the private health cover.
• 14:35
  Speaker 5: So I paid that seven hundred and fifty dollars excess,
• 14:37
  Speaker 5: and then I just stayed for however long I needed.
• 14:40
  Speaker 5: And then because I was in the private system, I
• 14:43
  Speaker 5: did stay longer than what people in the public system
• 14:46
  Speaker 5: would stay. So I know that if you were to
• 14:49
  Speaker 5: give birth in a public hospital and to have a
• 14:52
  Speaker 5: cesarean and have the exact same circumstances as me, you'd
• 14:55
  Speaker 5: probably go home on day three, whereas I went home
• 14:57
  Speaker 5: on day seven.
• 14:59
  Speaker 4: I am so cute. Like, let's say, hypothetically, you go
• 15:01
  Speaker 4: in and you know, you pay for private health insurance.
• 15:03
  Speaker 4: You go in to private You're not expecting all of
• 15:06
  Speaker 4: these expenses, but they kind of hit you. Do you
• 15:09
  Speaker 4: know before you leave the hospital you have to pay
• 15:11
  Speaker 4: it all like, so you get invoiced for it later
• 15:14
  Speaker 4: pay at your own leisure. Yeah, So it's funny because
• 15:17
  Speaker 4: I didn't expect that. I thought that they'd just invoiced
• 15:19
  Speaker 4: us at the hospital, you know, we'd you know, pay
• 15:22
  Speaker 4: for it then, and they're they're too shy.
• 15:24
  Speaker 5: Yeah, Well, for the hospital when we checked in for
• 15:28
  Speaker 5: the birth, we actually paid the excess then, so we
• 15:30
  Speaker 5: gave them our credit card details and paid that seven
• 15:33
  Speaker 5: hundred and fifty dollars when we checked in, and then
• 15:36
  Speaker 5: when we checked out, there was a fee to pay
• 15:38
  Speaker 5: at the end because there were a few things that
• 15:40
  Speaker 5: we had to pay for in hospital sure that weren't
• 15:42
  Speaker 5: included much is that it was maybe like fifty dollars
• 15:45
  Speaker 5: worth of cost, okay, And they were just things like
• 15:48
  Speaker 5: the physio band that I ended up being given for
• 15:51
  Speaker 5: like my tummy to like kind of like suck it
• 15:53
  Speaker 5: in a little bit and give me a little bit
• 15:54
  Speaker 5: more support, and just like random medical supplies that weren't included.
• 15:59
  Speaker 5: And this is diff everywhere. Everything for me was included
• 16:03
  Speaker 5: in the hospital stay. So in the public system, every
• 16:07
  Speaker 5: hospital is different. But we had included nappies and wipes,
• 16:10
  Speaker 5: and they had formula there if you needed it, and
• 16:13
  Speaker 5: basically everything was included, whereas some public hospitals go beg
• 16:17
  Speaker 5: you're going to have to bring your own box of nappies,
• 16:19
  Speaker 5: You're gonna have to bring your own formula if you
• 16:21
  Speaker 5: want to use it, and bottles and stuff like that,
• 16:23
  Speaker 5: whereas for me, all.
• 16:24
  Speaker 1: Of that was included.
• 16:26
  Speaker 5: Yeah, okay, but yeah, they invoice you once you go home.
• 16:29
  Speaker 5: So we got a letter in the mail from our anethetist,
• 16:32
  Speaker 5: and we paid our obstetricians separately as well.
• 16:34
  Speaker 4: Right, Okay, so that's birth. Let's talk about everything pre birth.
• 16:40
  Speaker 4: I mean, I'm already getting anxious. I'm like, okay, this
• 16:42
  Speaker 4: is just the day or few days of birthing, but
• 16:45
  Speaker 4: there's so much before that.
• 16:46
  Speaker 5: Yeah, and I feel like, again, I spent a lot
• 16:50
  Speaker 5: in comparison to what a lot of people do. It
• 16:53
  Speaker 5: is not the expected. It's just what we did, and
• 16:55
  Speaker 5: it doesn't mean that it's the right thing to do.
• 16:57
  Speaker 5: But these are just things that were aligned to mind values.
• 17:01
  Speaker 5: So prior to even conceiving or even trying to have
• 17:05
  Speaker 5: a baby, both Steve and I did genetic testing. Okay,
• 17:09
  Speaker 5: that genetic testing was eight hundred and fifty dollars and
• 17:12
  Speaker 5: to us that was a really important cost. Sure, that
• 17:16
  Speaker 5: was eight hundred and fifty dollars out of pocket. Because
• 17:18
  Speaker 5: at the time that we did it, it wasn't covered. Private
• 17:21
  Speaker 5: health now covers a portion of that. I couldn't tell
• 17:24
  Speaker 5: you what it is because I didn't experience it, but
• 17:26
  Speaker 5: definitely call your private health insurance if you want to
• 17:28
  Speaker 5: talk to them about that or what that will cost.
• 17:30
  Speaker 5: And there's lots of different companies that charge different prices
• 17:34
  Speaker 5: for that, but for us, it was eight hundred and
• 17:35
  Speaker 5: fifty dollars.
• 17:36
  Speaker 4: And that's like to show you if there's any diseases
• 17:38
  Speaker 4: in your family or yeah.
• 17:40
  Speaker 5: Or like genetic conditions that we need to be aware of.
• 17:43
  Speaker 5: One of the things that they test for, which is
• 17:45
  Speaker 5: obviously debilitating if you have it, is cystic fibrosis, and
• 17:49
  Speaker 5: it tells you, you know, if you carry that gene,
• 17:52
  Speaker 5: if I carry that gene, because it's actually recessive, which means,
• 17:56
  Speaker 5: you know, if one of your parents had that gene,
• 17:57
  Speaker 5: they pass it on to you.
• 17:58
  Speaker 1: Wambam, thank you, ma'am.
• 17:59
  Speaker 5: You fine, But if both of us carried that, there
• 18:02
  Speaker 5: is a probability that our baby might be impacted by that.
• 18:05
  Speaker 5: So I just wanted to know all of that, and
• 18:07
  Speaker 5: we were in the position to do so, so we
• 18:10
  Speaker 5: looked into it. Where you started prenatals. Obviously I'm not
• 18:13
  Speaker 5: a doctor, but my doctor recommended that I started prenatals
• 18:16
  Speaker 5: at least twelve months before trying, if possible, because obviously
• 18:20
  Speaker 5: then all the vitamins and minerals and stuff that are
• 18:21
  Speaker 5: coming into your body can settle into your body and
• 18:23
  Speaker 5: you can get your levels up because pregnancy does take
• 18:26
  Speaker 5: a lot out of you. But it's things like iron
• 18:29
  Speaker 5: and folate fold Eate's really important for pregnant women, and
• 18:33
  Speaker 5: it's full of stuff that just makes sure that the
• 18:35
  Speaker 5: baby you make is a really good quality baby sure,
• 18:38
  Speaker 5: which was important to me. So we started that early.
• 18:41
  Speaker 5: And then obviously you've got pregnancy tests and ovulation tests
• 18:46
  Speaker 5: if you're you know, going to track while you're trying,
• 18:49
  Speaker 5: which we did, and that ultimately cost us I would
• 18:52
  Speaker 5: say a couple of one hundred dollars in pregnancy tests
• 18:55
  Speaker 5: and ovulation tests. Ovulation tests were so expensive, fac it's
• 18:59
  Speaker 5: like sixty bucks a bof.
• 19:00
  Speaker 4: How do you test that. You'd buy it like from
• 19:01
  Speaker 4: the chemist or something.
• 19:02
  Speaker 5: Just buy it at the chemist and you basically pee
• 19:04
  Speaker 5: on a stick and it tells you when you're going
• 19:06
  Speaker 5: to ovulate, and that's when you should be trying.
• 19:09
  Speaker 1: To do some baby making.
• 19:10
  Speaker 4: Oh okay, I don't know that existed. That's yeah, that's.
• 19:12
  Speaker 5: Critic cool once you get into it, like the science
• 19:14
  Speaker 5: of it is really fun. But it did bring a
• 19:17
  Speaker 5: lot of anxiety for me as well, Oh my gosh,
• 19:19
  Speaker 5: we only have this period to try, and then if
• 19:22
  Speaker 5: it didn't work, it was like heartbreaking because I was like,
• 19:24
  Speaker 5: I did everything right. Like so it can be a
• 19:28
  Speaker 5: very nuanced process, but I guess during pregnancy there's you know,
• 19:32
  Speaker 5: those costs to get pregnant, and then once you are pregnant,
• 19:36
  Speaker 5: you've got ultrasounds. So in the public system they are included.
• 19:40
  Speaker 5: In the private system, they typically cost between two hundred
• 19:43
  Speaker 5: and fifty and three hundred and seventy five dollars. One
• 19:47
  Speaker 5: of my last ultrasounds, it cost me four hundred and
• 19:50
  Speaker 5: twenty dollars. I think I'd think seventy dollars was covered
• 19:53
  Speaker 5: by Medicare and private health insurance didn't cover the rest.
• 19:56
  Speaker 5: And I remember being a little bit salty about that one.
• 20:00
  Speaker 5: It was like a very stupid question, but not a
• 20:02
  Speaker 5: stupid question. You've never been pregnant, so I'm assuming that
• 20:06
  Speaker 5: you haven't gone through the process.
• 20:07
  Speaker 4: Why would you know the reason for the ultrasound being
• 20:11
  Speaker 4: more toward the end is that because there's more land
• 20:13
  Speaker 4: to cover.
• 20:14
  Speaker 5: No, I think it was more comprehensive. So it was
• 20:17
  Speaker 5: like the time that the doctor had to spend with
• 20:20
  Speaker 5: me because I had some complications in my pregnancy, which
• 20:23
  Speaker 5: meant I was getting more ultrasounds than the average bear.
• 20:26
  Speaker 5: And then one of the last ones, honestly, she was
• 20:28
  Speaker 5: in there for like an hour and a half in
• 20:30
  Speaker 5: comparison to like the Quick Have they got ten fingers
• 20:33
  Speaker 5: and ten toes and all of their stuff works. Yep, great,
• 20:36
  Speaker 5: no worries, wampam, thank you man. Sure it was a
• 20:38
  Speaker 5: bit more comprehensive, but still four hunder and twenty bucks
• 20:41
  Speaker 5: for an ultrasound wasn't on my budget. And then you've
• 20:43
  Speaker 5: got other things. So we did private birth in classes
• 20:46
  Speaker 5: and we did a few different things. But I spent
• 20:48
  Speaker 5: about five hundred dollars in total for Steve and I
• 20:51
  Speaker 5: to attend different classes to make sure we were ready
• 20:54
  Speaker 5: for birth and I was ready for breastfeeding, and I
• 20:57
  Speaker 5: bought an online course that really helped as well. So
• 21:01
  Speaker 5: those are things that are obviously nice to have because
• 21:04
  Speaker 5: you could do your own research and you definitely don't
• 21:06
  Speaker 5: need to attend one, or you could attend one through
• 21:09
  Speaker 5: your hospital, which would be free. But I did that externally.
• 21:13
  Speaker 5: And then up until about twenty weeks, I was trying
• 21:16
  Speaker 5: to go to pilates, so I had purchased pilates classes
• 21:20
  Speaker 5: and I bought one of those big packs that means
• 21:23
  Speaker 5: that each class I think was down to like twenty
• 21:25
  Speaker 5: two dollars a class or something. Oh, completely wasted because
• 21:28
  Speaker 5: I was so sick that I couldn't go, but I
• 21:30
  Speaker 5: bought the pack because I was so excited about being
• 21:33
  Speaker 5: able to do it, So that was a waste of money.
• 21:35
  Speaker 5: Then I was doing things like acupuncture, so for me,
• 21:38
  Speaker 5: acupuncture was one hundred and ten dollars a session and
• 21:41
  Speaker 5: I got eighty dollars back, so that was a nice
• 21:44
  Speaker 5: thing to have. And then don't forget wardrobe editions of course,
• 21:49
  Speaker 5: so there's a UK study that found that the average
• 21:53
  Speaker 5: person who is pregnant spends about twelve hundred.
• 21:56
  Speaker 1: Dollars on maternity ware during their pregnancy.
• 21:59
  Speaker 4: That's hectic.
• 22:00
  Speaker 5: I did not do that. I thankfully had a wardrobe
• 22:03
  Speaker 5: that had a lot of stretchy things. By the end
• 22:05
  Speaker 5: of my pregnancy, I was wearing my husband's shirts. I
• 22:07
  Speaker 5: was wearing active wear. I was wearing you know, my
• 22:10
  Speaker 5: husband's t shirts and stuff to bed.
• 22:12
  Speaker 1: I didn't spend a lot.
• 22:14
  Speaker 5: I would say I spent maybe three hundred dollars on
• 22:18
  Speaker 5: quote maternity wear. None of it was actual maternity where
• 22:21
  Speaker 5: though it was like a bigger pair of pants, or
• 22:23
  Speaker 5: I bought you know, a couple of stretchy dresses.
• 22:25
  Speaker 1: Sure, that was basically it.
• 22:27
  Speaker 5: But I did definitely dress my own wardrobe and orrowed
• 22:30
  Speaker 5: my husband's while I was pregnant, because.
• 22:32
  Speaker 1: Good maternity stuff just wasn't cute.
• 22:35
  Speaker 4: No, I'm all sorts of money win. You know what
• 22:37
  Speaker 4: you could do. You could cut the corners of your
• 22:40
  Speaker 4: singlet get those little volco A dots from Bunnings, and
• 22:43
  Speaker 4: that's a maternity top.
• 22:44
  Speaker 5: I just have been pulling my top up to be honest,
• 22:47
  Speaker 5: that's good idea. Yeah, see this jumper maternity top.
• 22:50
  Speaker 1: If you're willing to pull your top up.
• 22:52
  Speaker 4: Yes, now that's a broke tip.
• 22:53
  Speaker 1: I'm actually a genius.
• 22:55
  Speaker 4: That's really clever.
• 22:56
  Speaker 5: Thank you for coming to Victoria's pregnancy class.
• 23:00
  Speaker 4: So while we're on the topic, how about public versus
• 23:03
  Speaker 4: private hospital costs?
• 23:04
  Speaker 5: Yeah, so we went through my public versus private health costs.
• 23:08
  Speaker 5: But almost all births in Australia happen in the public system.
• 23:13
  Speaker 5: Ninety seven percent of births in Australia in twenty twenty
• 23:17
  Speaker 5: three were born in a hospital in conventional labor wards.
• 23:21
  Speaker 5: So that has changed over the years. Like historically that
• 23:25
  Speaker 5: wasn't the case. Birth is now quite medicalized.
• 23:30
  Speaker 1: I would say of.
• 23:31
  Speaker 5: Mothers who gave birth in hospital, three out of four,
• 23:35
  Speaker 5: so seventy five percent of people give birth in a
• 23:37
  Speaker 5: public hospital.
• 23:39
  Speaker 1: It is a brilliant system.
• 23:41
  Speaker 5: I am not saying that because I chose to give
• 23:44
  Speaker 5: birth in private that I think it's better. In fact,
• 23:47
  Speaker 5: a lot of people said to me, oh wow, Victoria,
• 23:50
  Speaker 5: like because of your high risk pregnancy, you would have
• 23:53
  Speaker 5: had an epic time in public. In fact, public are
• 23:57
  Speaker 5: better equipped to deal with emergency things that happen. And
• 24:01
  Speaker 5: I gave birth at a hospital here in Melbourne called
• 24:04
  Speaker 5: Francis Perry, which is the private hospital I was at.
• 24:07
  Speaker 5: And one of the reasons I chose that hospital was
• 24:11
  Speaker 5: because it is in the same building as the Royal
• 24:13
  Speaker 5: Women's Hospital, which is the best public hospital for women
• 24:18
  Speaker 5: to give birth in. So I'm not saying that one's
• 24:21
  Speaker 5: better than the other It's just different horses for different courses.
• 24:25
  Speaker 4: Okay, V this money chat is stressing me the heck
• 24:29
  Speaker 4: out that I imagine some listeners as well. So let's
• 24:31
  Speaker 4: go to a quick break. But on the flip side,
• 24:33
  Speaker 4: we're going to be chatting nursery and all the little
• 24:35
  Speaker 4: costs that come with that. Also, I'm thinking parental leave
• 24:38
  Speaker 4: and childcare is quite a hefty subject, and also i'm
• 24:43
  Speaker 4: assuming very costly. Should we make this a two part series?
• 24:46
  Speaker 6: Now?
• 24:46
  Speaker 4: I think we should.
• 24:47
  Speaker 5: Yeah, Okay, let's cut that out. I'm no longer going
• 24:49
  Speaker 5: to talk about parental leave and childcare because we've well
• 24:52
  Speaker 5: fled on too much and I feel like it's interesting.
• 24:54
  Speaker 5: So after the break, Beck, let's just do all of
• 24:57
  Speaker 5: the nursery costs. I'll tell you how much I would
• 24:59
  Speaker 5: be budgeting to set up a nursery. We'll talk about
• 25:01
  Speaker 5: the average nursery costs here in Australia, and then we'll
• 25:04
  Speaker 5: also talk about the you know, things that were completely unexpected.
• 25:08
  Speaker 5: Next baby episode we drop back, we'll talk about parental
• 25:11
  Speaker 5: even childcare.
• 25:12
  Speaker 4: Perfect. Sound like a deal.
• 25:13
  Speaker 1: All right, let's go to a break and we'll see
• 25:14
  Speaker 1: you on the flip side.
• 25:15
  Speaker 4: See soon. Welcome back everyone. Let's jump straight into nursery.
• 25:22
  Speaker 4: I wonder know how much you spent, and then we'll
• 25:24
  Speaker 4: talk about like the average costs.
• 25:26
  Speaker 5: Yeah, okay, you're hitting a little bit of a sore
• 25:29
  Speaker 5: spot at this point because we wanted to have the
• 25:32
  Speaker 5: nursery done, but then we didn't get the nursery done.
• 25:35
  Speaker 1: So it's full of all the stuff. But have we painted.
• 25:37
  Speaker 2: No.
• 25:37
  Speaker 5: We will be putting up wallpaper and we will hang
• 25:40
  Speaker 5: some stuff at some point, but not one thing has
• 25:43
  Speaker 5: been hung. That is fine. He has all the stuff
• 25:45
  Speaker 5: he needs totally. But we bought a chest of draws
• 25:48
  Speaker 5: that cost me about seven hundred and fifty dollars. Do
• 25:51
  Speaker 5: you need a seven hundred and fifty dollars chest of draws? No,
• 25:54
  Speaker 5: but I did. I bought a crib. A crib is
• 25:56
  Speaker 5: going to cost you anywhere between you know, two hundred
• 25:59
  Speaker 5: bucks aka all the way up to three thousand dollars,
• 26:03
  Speaker 5: which is what I spent because I got a really
• 26:04
  Speaker 5: boogie one. Again, this is a judgment free space, and
• 26:08
  Speaker 5: I'm only sharing this because I know you guys are pervy.
• 26:11
  Speaker 1: This isn't me bragging. I just know all of you
• 26:14
  Speaker 1: want to know.
• 26:14
  Speaker 4: Does it rock?
• 26:15
  Speaker 5: It actually does absolutely nothing like it is made off wood.
• 26:19
  Speaker 5: Like it's the most disappointing thing in the entire world.
• 26:22
  Speaker 5: We bought a nursing chair that was about twelve hundred dollars. Sure,
• 26:25
  Speaker 5: I also was gifted a nursing chair that we have
• 26:29
  Speaker 5: as well, so I have too, just for full transparency.
• 26:32
  Speaker 5: And I was gifted the one I really really wanted,
• 26:34
  Speaker 5: but it was more expensive, so I bought.
• 26:36
  Speaker 4: The other one.
• 26:37
  Speaker 5: So I feel really boogie having that, but just full transparency.
• 26:40
  Speaker 5: We were gifted that I did buy the snow. I
• 26:44
  Speaker 5: was gonna yosk about this snea the snow. The snow
• 26:47
  Speaker 5: is about eighteen hundred dollars. I bought that from the memo.
• 26:51
  Speaker 5: Do not regret that for one second.
• 26:53
  Speaker 4: Okay, what does it do with it?
• 26:54
  Speaker 1: I can't remember a baby and it rocks him back
• 26:57
  Speaker 1: to sleep and it has like this app with it,
• 26:59
  Speaker 1: so when your baby is a bit fussy, because sometimes babies,
• 27:03
  Speaker 1: you know, they get a bit fussy in their sleep,
• 27:04
  Speaker 1: but if you rock them, they just fall back asleep.
• 27:06
  Speaker 1: But they need that attention. Does it for me?
• 27:09
  Speaker 4: I want an adult snoo mate.
• 27:12
  Speaker 5: The snow is the best thing I've ever done, and
• 27:14
  Speaker 5: there's a lot of controversy around it, Like lots of
• 27:16
  Speaker 5: people are like, oh, snow, that's a ridiculous cost. You
• 27:19
  Speaker 5: know what, I would spend eighteen hundred dollars again for
• 27:22
  Speaker 5: good sleep. Yeah, one hundred percent. Anyway, so we have
• 27:25
  Speaker 5: the snow. We purchased a pram. My pram was about
• 27:28
  Speaker 5: two thousand dollars. That's pretty standard for a brand new
• 27:32
  Speaker 5: pram of that amount.
• 27:33
  Speaker 1: Do you have to spend that? No, you absolutely do not.
• 27:36
  Speaker 5: You could go and get a very good one for
• 27:38
  Speaker 5: a much lower price point total. I again made a
• 27:41
  Speaker 5: lot of bougie purchases, sure, and.
• 27:43
  Speaker 1: That's all I can think of off the top of
• 27:45
  Speaker 1: my pulse. Would be included baby seat. Yep.
• 27:48
  Speaker 5: So we purchased a capsule, a capsule we're going to
• 27:51
  Speaker 5: have to replace at some point because you can only
• 27:54
  Speaker 5: use this capsule up until he is about twelve months
• 27:58
  Speaker 5: old or he hits the weight strictions on it.
• 28:01
  Speaker 1: And our capsule cost us about eight hundred dollars.
• 28:03
  Speaker 4: Okay.
• 28:04
  Speaker 5: I did buy the capsule that clicks into my pram though,
• 28:06
  Speaker 5: and that makes.
• 28:07
  Speaker 4: Me very happy, very convenient. Did you have to pay
• 28:09
  Speaker 4: someone to professionally install it?
• 28:11
  Speaker 1: We didn't.
• 28:12
  Speaker 5: We used a YouTube video and did it ourselves, and
• 28:14
  Speaker 5: the capsule came with really comprehensive instructions.
• 28:17
  Speaker 4: Great.
• 28:18
  Speaker 1: We wanted to like do it.
• 28:19
  Speaker 5: Ourselves, not because it's better to have it professionally installed,
• 28:22
  Speaker 5: but in our heads, we were going to like put
• 28:24
  Speaker 5: it in the car, you know, pull it out of
• 28:26
  Speaker 5: the car at some point, we were going to put
• 28:28
  Speaker 5: it in a different car. We were going to pull
• 28:30
  Speaker 5: it out, you know, put the seats in the car
• 28:31
  Speaker 5: down so that we can fit more stuff if we're
• 28:33
  Speaker 5: moving stuff around. And I was kind of like, we're
• 28:36
  Speaker 5: going to need to know how to do this properly
• 28:37
  Speaker 5: if we get it professionally installed.
• 28:39
  Speaker 1: Mate, I'm not going to let you pull it out again.
• 28:41
  Speaker 1: So we did it ourselves.
• 28:42
  Speaker 5: But we did get it all checked and it's fine, perfect, okay.
• 28:46
  Speaker 5: And what about like a regular sort of nursery, What
• 28:49
  Speaker 5: would someone on average expect to pay for their whole nursery? Yeah,
• 28:55
  Speaker 5: so on average, if we add it all up and
• 28:57
  Speaker 5: it doesn't include being gifted anything or try to save
• 29:00
  Speaker 5: any money or buying things secondhand, which I absolutely can recommend. Actually,
• 29:04
  Speaker 5: Loki shout out to a brand. There's a brand called
• 29:07
  Speaker 5: baby Bey on and we got a baby beyond bouncer
• 29:11
  Speaker 5: and they are quite expensive, like they're three hundred and
• 29:14
  Speaker 5: fifty ish dollars for a baby bouncer, all right, so
• 29:17
  Speaker 5: not cheap, sure, but apparently they're like baby crack. Babies
• 29:20
  Speaker 5: love them. Harvey obsessed with his You put him in it,
• 29:23
  Speaker 5: and he is just very content. This baby bouncer means
• 29:27
  Speaker 5: that I put him in the baby bouncer. I go,
• 29:29
  Speaker 5: you okay, mate. He looks at me kind of like daft.
• 29:32
  Speaker 5: I don't know what's going on in his brain, but
• 29:34
  Speaker 5: he looks at me and he's like, yeah, mom, I'm
• 29:36
  Speaker 5: fine and I can have a shower while watching him.
• 29:38
  Speaker 4: Yeah, el eat.
• 29:40
  Speaker 5: So anyway, this baby bouncer is to me one of
• 29:42
  Speaker 5: my favorite purchases. But the other day they posted on
• 29:46
  Speaker 5: their Instagram feed how to buy one of their bouncer's
• 29:49
  Speaker 5: secondhand to look forward to make sure that it's safe
• 29:52
  Speaker 5: and secure, and they did the same thing for like
• 29:54
  Speaker 5: their cots and stuff. They're like, well, if you're going
• 29:56
  Speaker 5: to buy them secondhand, please make sure this works. This works,
• 29:59
  Speaker 5: the safety on this is fine. Otherwise go forth and
• 30:02
  Speaker 5: you know, prosper by our stuff secondhand. That's a company
• 30:05
  Speaker 5: that maybe more, and like, honestly, baby stuff gets used
• 30:10
  Speaker 5: for such a short period of time that I have
• 30:13
  Speaker 5: bought a lot of my baby stuff just on Facebook,
• 30:16
  Speaker 5: Marketplace or eBay because I'm like, well, it's.
• 30:18
  Speaker 1: Been used for less than three months. Why would I
• 30:21
  Speaker 1: pay full price?
• 30:22
  Speaker 3: To me?
• 30:23
  Speaker 5: That was insanity. So a cot costs about one thousand
• 30:27
  Speaker 5: dollars according to research, a cop mattress is going to
• 30:30
  Speaker 5: cost you anywhere between one hundred and three hundred dollars.
• 30:33
  Speaker 5: How much have you spend unless you talk, I spent
• 30:35
  Speaker 5: about two hundred and fifty dollars on a cop mattress.
• 30:37
  Speaker 1: Okay, little baby.
• 30:39
  Speaker 5: Clothing, you're going to spend about four hundred dollars, you know,
• 30:42
  Speaker 5: just getting all the basics together. Honest to god, when
• 30:45
  Speaker 5: people say don't buy too many newborn outfits, you think
• 30:48
  Speaker 5: they're crazy.
• 30:49
  Speaker 1: They're not.
• 30:49
  Speaker 5: They grow out of the midpoint two seconds. Harvey is
• 30:52
  Speaker 5: now two months old and in the zero to three
• 30:54
  Speaker 5: month stuff, and it makes me really sad. Car seat
• 30:57
  Speaker 5: is going to cost on average about six hundred dollars.
• 31:00
  Speaker 5: Will caveat this with some advice. You probably don't want
• 31:03
  Speaker 5: unsolicited advice, but this is safety advice. But The one
• 31:06
  Speaker 5: thing I would never purchase second hand is a car seat. Okay,
• 31:11
  Speaker 5: I recommend you buy absolutely everything you can secondhand, get
• 31:15
  Speaker 5: hand me downs, do all of that, but do not
• 31:17
  Speaker 5: buy a car seat secondhand because you cannot trust other
• 31:21
  Speaker 5: people to be completely transparent about whether that has been
• 31:24
  Speaker 5: in an accident or not. The second a baby seat
• 31:28
  Speaker 5: has been in an accident, it is no longer usable,
• 31:30
  Speaker 5: it is no longer safe, the safety mechanisms in it
• 31:33
  Speaker 5: are dead, and it will not protect your child. So
• 31:36
  Speaker 5: do not buy a car seat second hand. The only
• 31:40
  Speaker 5: caveat I would say is if your sister's gifting you
• 31:43
  Speaker 5: one and sit absolutely no, she hasn't been in a
• 31:45
  Speaker 5: crash and it's her capsule and whatnot. So like, obviously again,
• 31:49
  Speaker 5: grain of salt, use your brains. But that's the one
• 31:52
  Speaker 5: thing that I would never go on Facebook marketplace and
• 31:55
  Speaker 5: trust a stranger with. Yeah, like, the safety of your child,
• 31:58
  Speaker 5: I promise is worth the money. Change table. I didn't
• 32:01
  Speaker 5: purchase a change table. I just purchased a change matt
• 32:03
  Speaker 5: and popped it on top of the chest of drawers
• 32:05
  Speaker 5: because I felt like it's gonna have a bit more longevity.
• 32:08
  Speaker 5: Who could say in his room nappies and wipes.
• 32:12
  Speaker 4: Oh yeah, big one.
• 32:13
  Speaker 5: Holy snapping ducks. Do you know how many nappies my
• 32:17
  Speaker 5: baby used a day?
• 32:19
  Speaker 4: How many from birth?
• 32:21
  Speaker 5: No, you have to guess, just a day. We're not
• 32:22
  Speaker 5: even talking a week. How many a day is he using?
• 32:25
  Speaker 4: I'm thinking for a day five eleven.
• 32:31
  Speaker 5: Baby's got to go between eight and eleven times a
• 32:34
  Speaker 5: day we change here. Snappy babies use upwards of three
• 32:38
  Speaker 5: thousand nappies per year. That's going to cost you about
• 32:43
  Speaker 5: five hundred dollars a quarter. Okay, I bought nappies in
• 32:47
  Speaker 5: bulk and I regret that, so I thought I was
• 32:51
  Speaker 5: real savvy beck and I bought a whole heap of nappies.
• 32:53
  Speaker 5: I ended up getting like a discount online because I
• 32:55
  Speaker 5: did this, you know, bulk order. Yeah, and he's already
• 32:58
  Speaker 5: grown up to the next tri you born. Nappies are
• 33:01
  Speaker 5: completely useless, but I have donated them to the Nappy Society,
• 33:05
  Speaker 5: which is very very cool. So if you haven't heard
• 33:08
  Speaker 5: of the Nappy Society, the Nappy Society take donations of
• 33:11
  Speaker 5: nappies and then distribute.
• 33:13
  Speaker 1: Them to mums who need them. Oh and I think
• 33:15
  Speaker 1: that that is so beautiful.
• 33:16
  Speaker 5: And if you've got a whole heap of nappies that
• 33:17
  Speaker 5: are the wrong size, they start to degrade. Don't keep
• 33:20
  Speaker 5: them in the cupboard for your next child. They're not
• 33:23
  Speaker 5: going to work. Donate them so somebody can use them.
• 33:26
  Speaker 4: That's really really sweet. I really like that.
• 33:28
  Speaker 5: You're probably going to purchase some toys as well. Yes,
• 33:31
  Speaker 5: I haven't purchased any toys yet. We've been gifted a few,
• 33:34
  Speaker 5: but he is still a newborn and doesn't interact with
• 33:37
  Speaker 5: anything yet. You might want to purchase a highchairback that
• 33:41
  Speaker 5: will cost you about three hundred and fifty dollars. A
• 33:44
  Speaker 5: baby carrier that could cost you anywhere from fifty to
• 33:47
  Speaker 5: three hundred dollars for any type of baby carrier.
• 33:51
  Speaker 1: Bibbs.
• 33:52
  Speaker 4: Forgot about the bibs.
• 33:53
  Speaker 1: Lots of mums don't use them.
• 33:54
  Speaker 5: I do because after he has had a feed, he
• 33:58
  Speaker 5: usually spits up, and I don't really want to his outfit,
• 34:00
  Speaker 5: so I'm finding I'm not changing his outfit as often
• 34:03
  Speaker 5: because of the bibs.
• 34:04
  Speaker 1: That's a good investment.
• 34:05
  Speaker 5: Something that was a brilliant investment for me was a
• 34:08
  Speaker 5: breast pump.
• 34:09
  Speaker 4: Okay, how much is that?
• 34:10
  Speaker 5: Usually between three hundred and five hundred dollars. Mine was
• 34:15
  Speaker 5: four hundred and eighty dollars, four.
• 34:16
  Speaker 4: Hundred and eighty O.
• 34:17
  Speaker 5: Yeah, and I went for the big dog one because
• 34:20
  Speaker 5: I wanted it to be hospital grade and strong enough
• 34:23
  Speaker 5: and all of that stuff. And I don't regret that.
• 34:25
  Speaker 5: But you can also buy secondhand pumps. And you might
• 34:28
  Speaker 5: think of hey, that's a bit weird, but what you
• 34:30
  Speaker 5: do is you buy the pump, which is actually the mechanism,
• 34:33
  Speaker 5: and then buy all brand new stuff that you know,
• 34:35
  Speaker 5: touches your boobs, the flangers, you know, the bottles and stuff.
• 34:38
  Speaker 5: So the pump actually doesn't ever touch milk.
• 34:41
  Speaker 1: It's just a camp.
• 34:42
  Speaker 5: But you can buy new cords, new flangers, new like
• 34:45
  Speaker 5: bottles and stuff, and that would be a really efficient
• 34:48
  Speaker 5: way of doing it. And Spectra, which is the brand
• 34:51
  Speaker 5: of the pump that I have posted the other day
• 34:53
  Speaker 5: about what to look for when you're buying a secondhand pump.
• 34:56
  Speaker 1: I love that.
• 34:56
  Speaker 4: People.
• 34:57
  Speaker 5: I literally like, isn't that cool that the brand like, hey,
• 35:01
  Speaker 5: we know that not everybody can afford to purchase our
• 35:04
  Speaker 5: product brand new. You know, the product is a good
• 35:06
  Speaker 5: quality product, so we can't really afford to bring down prices.
• 35:09
  Speaker 5: But buying a secondhand one could work. This is how
• 35:12
  Speaker 5: you should do it.
• 35:12
  Speaker 4: Yeah, I really like that.
• 35:13
  Speaker 1: I'm obsessed. I just think it's so responsible.
• 35:16
  Speaker 4: Yeah. So you were saying at the start of the
• 35:18
  Speaker 4: episode that you are also doing kind of like formula situation.
• 35:23
  Speaker 4: Are you doing both or you.
• 35:24
  Speaker 1: Yeah, we're doing both.
• 35:25
  Speaker 5: I had really low milk supply and needed to That's
• 35:28
  Speaker 5: something that I'm also spending money on. Yeah, I saw
• 35:31
  Speaker 5: a lactation consultant that costs two hundred and fifty dollars.
• 35:34
  Speaker 5: I then had to go to a specialist doctor. Because
• 35:38
  Speaker 5: this is controversial. Again, I am not asking for opinions.
• 35:41
  Speaker 5: I'm just sharing my experience here. Harvey had a tongue tie,
• 35:44
  Speaker 5: which is the little membrane under your tongue, and it
• 35:47
  Speaker 5: was too tight and it was stopping him from feeding properly,
• 35:51
  Speaker 5: and we made the decision to have that cut. Okay,
• 35:53
  Speaker 5: so he had that surgery, which was honestly not even
• 35:56
  Speaker 5: a surgery. It was just a little snip and he
• 35:58
  Speaker 5: didn't even cry. And I was really shocked by that
• 36:00
  Speaker 5: because I was prepping for the worst. I cried way
• 36:02
  Speaker 5: more than he did, and that has helped significantly. I'm
• 36:06
  Speaker 5: now all medication to increase my milk supply and we're
• 36:09
  Speaker 5: trying to get there. But formula costs US thirty six
• 36:14
  Speaker 5: dollars a tin.
• 36:15
  Speaker 4: Okay, thirty six bucks a tin. How long does that last? Usually?
• 36:18
  Speaker 5: For now, because he's a newborn and we're only using
• 36:20
  Speaker 5: it to top up, we're going through maybe one tin
• 36:23
  Speaker 5: every three weeks, but most babies will go through a
• 36:25
  Speaker 5: tin a week.
• 36:27
  Speaker 4: Ooh yeah, just add that's the list.
• 36:29
  Speaker 5: It's just so expensive, like thirty six bucks on formula,
• 36:33
  Speaker 5: Oh my lord.
• 36:33
  Speaker 4: Yeah, and what about like the vessel for the formula?
• 36:36
  Speaker 4: How much of bottles?
• 36:36
  Speaker 1: Bottles are expensive?
• 36:38
  Speaker 5: So bottles I didn't realize we're going to be an issue.
• 36:41
  Speaker 5: Turns out babies have preferences. Ah yeah, and they like
• 36:45
  Speaker 5: some and don't like others.
• 36:46
  Speaker 4: I see.
• 36:46
  Speaker 5: So one of the best tips I got at the
• 36:48
  Speaker 5: start was don't buy a heap of bottles. You know,
• 36:51
  Speaker 5: if you're buying a new one, it might sound good
• 36:53
  Speaker 5: to buy heap of bottles because then you've got heaps
• 36:55
  Speaker 5: of them. Buy one, test it with your baby, make
• 36:57
  Speaker 5: sure they're okay with it, Clean it a couple of
• 36:59
  Speaker 5: time in between feeds, test it for a day or two,
• 37:03
  Speaker 5: and then if they like that one go on by
• 37:05
  Speaker 5: a few of them. Don't buy all your bottles at once.
• 37:08
  Speaker 5: Because this woman went and bought six bottles and thought, great,
• 37:12
  Speaker 5: these are the most recommended on the market. He hated them.
• 37:16
  Speaker 5: I see, yeah, and so you can't return them they've
• 37:18
  Speaker 5: been used. So I have six bottles that he doesn't like,
• 37:21
  Speaker 5: and I had to go and purchase six months he.
• 37:23
  Speaker 4: Did, okay, and you just need that many just in.
• 37:26
  Speaker 5: Case, Yeah, just in case. But a bottle can cost
• 37:28
  Speaker 5: anywhere between ten and forty dollars each.
• 37:33
  Speaker 4: Ah, I see okay, So just like top of my
• 37:35
  Speaker 4: head and also being kind of calculating as you're going,
• 37:39
  Speaker 4: total is roughly like six thousand.
• 37:41
  Speaker 5: Yet about six grand out of pocket to set up
• 37:45
  Speaker 5: for all the costs associated with a baby. So if
• 37:48
  Speaker 5: I was putting a budget together, i'd probably budget about
• 37:51
  Speaker 5: six thousand dollars for a nursery, sure, and then I
• 37:54
  Speaker 5: would cut things down from there, like have you got
• 37:56
  Speaker 5: a friend that has a cot that you could either
• 37:58
  Speaker 5: purchase from them or have a hand me down and
• 38:00
  Speaker 5: be gifted? Like can you find things on Facebook marketplace?
• 38:04
  Speaker 5: Facebook marketplace is so fantastic, And to be honest, I
• 38:08
  Speaker 5: feel like it's the good side of Facebook Marketplace, because
• 38:11
  Speaker 5: you know how Facebook Marketplace can just be a bit
• 38:13
  Speaker 5: of a nightmare, Like people can be weird. Like I
• 38:16
  Speaker 5: have met so many nice mums. When I've gone to
• 38:18
  Speaker 5: pick up things, They're like, oh my gosh, how far
• 38:20
  Speaker 5: along are you? And I'll be like, oh, I'm thirty
• 38:22
  Speaker 5: five weeks and they're like, oh my god, I love this.
• 38:23
  Speaker 5: Actually you're buying this, but I have a few xyz
• 38:26
  Speaker 5: and they like, we'll s they be like, oh, I
• 38:28
  Speaker 5: just want you to have it.
• 38:29
  Speaker 1: I don't use it anymore.
• 38:30
  Speaker 5: And they've just been so sweet and like, I will
• 38:33
  Speaker 5: be doing the same thing and just selling my stuff
• 38:35
  Speaker 5: on Facebook Marketplace when I'm done with it, especially things
• 38:38
  Speaker 5: that I go, oh, that worked for us, but you know,
• 38:41
  Speaker 5: probably won't use it for the next baby, et cetera.
• 38:44
  Speaker 5: But yes, I would probably be looking at budgeting around
• 38:46
  Speaker 5: six thousand dollars if you're wanting to be savvy. But
• 38:49
  Speaker 5: a recent study found that the average family spend is
• 38:52
  Speaker 5: about seven nine hundred and eighteen dollars for setting up
• 38:56
  Speaker 5: for a new baby, and then about six hundred dollars
• 38:59
  Speaker 5: a month once they.
• 38:59
  Speaker 4: Are so v Those are all the structured costs things
• 39:02
  Speaker 4: that you maybe are expecting that you can put in
• 39:04
  Speaker 4: a spreadsheet, that you can put in a spreadsheet.
• 39:07
  Speaker 5: Like I gave you a list of things that you
• 39:08
  Speaker 5: would need to spend money on for your baby. Yes,
• 39:11
  Speaker 5: but there are lots of other costs.
• 39:13
  Speaker 4: Let's dive straight in, all right.
• 39:15
  Speaker 5: So there were so many additional costs, and I mean,
• 39:17
  Speaker 5: not everyone is going to have them, but I had,
• 39:20
  Speaker 5: let's say, a rocky pregnancy. I will be the first
• 39:22
  Speaker 5: to say pregnancy not for me. Will I do it again?
• 39:25
  Speaker 1: Probably, but not for me. Didn't enjoy it all?
• 39:28
  Speaker 4: That's fair.
• 39:28
  Speaker 5: Those women who were like I felt like my best
• 39:31
  Speaker 5: self pregnant, you win. I lose pregnancies, just not for me.
• 39:36
  Speaker 5: But in the grand scheme of things, a whole heap
• 39:38
  Speaker 5: of unexpected costs. I guess they're just part of the
• 39:40
  Speaker 5: baby journey, which is why you should budget more than
• 39:43
  Speaker 5: you're expecting. But here are a few things that I
• 39:46
  Speaker 5: spent money on that I don't think you would have
• 39:49
  Speaker 5: seen coming. Little did I know, beck I was gonna
• 39:52
  Speaker 5: become best friends with a bottle of gavescon cavas gone.
• 39:55
  Speaker 5: Gavescon costs eighteen dollars a bottle. I mean you can
• 39:59
  Speaker 5: get it on sale. Unluckily, I always just had to
• 40:02
  Speaker 5: buy it out of necessity. I wasn't waiting for it
• 40:04
  Speaker 5: to go on sale. Eighteen dollars a bottle.
• 40:07
  Speaker 4: I'm very privileged to not have known that.
• 40:09
  Speaker 1: That's really nice. Do you know how much I spent
• 40:11
  Speaker 1: on Gavescon during my pregnancy? Oh?
• 40:13
  Speaker 5: No, two hundred and fifty two dollars. If I was you,
• 40:17
  Speaker 5: I'd be buying shares in them, like I'm keeping them
• 40:20
  Speaker 5: in business.
• 40:20
  Speaker 4: Next time you for pregnant. If you do, I'm going
• 40:23
  Speaker 4: I'll just let everybody. No, let's all jump on the
• 40:25
  Speaker 4: Gavescon share.
• 40:26
  Speaker 5: Yeah, because I'm basically keeping them in business at this
• 40:29
  Speaker 5: point my newfound love during pregnancy. In fact, I do
• 40:33
  Speaker 5: not want to touch one of these weather ten foot
• 40:35
  Speaker 5: pole at this point in time. Fruit tingles because they
• 40:38
  Speaker 5: actually have buy carbs soda in them. They helped to
• 40:41
  Speaker 5: settle your tummy while you're pregnant, and they were so
• 40:43
  Speaker 5: much nicer than gaves Gone. They didn't do as good
• 40:46
  Speaker 5: a job.
• 40:46
  Speaker 1: So I had both.
• 40:47
  Speaker 5: But fruit tingles were two dollars a roll because they
• 40:49
  Speaker 5: still sell them in roles bottom shelf at the supermarket.
• 40:52
  Speaker 5: If you're looking for them two packets a day at
• 40:55
  Speaker 5: least I was consuming four dollars a day to my
• 40:57
  Speaker 5: daily tab. So yeah, I spent I would saying about
• 41:01
  Speaker 5: one hundred and fifty dollars on fruit tingles during my pregnancy.
• 41:04
  Speaker 5: WHOA isn't that while? Yeah, fruit tingles? Who would have
• 41:07
  Speaker 5: thought people get.
• 41:08
  Speaker 4: Some funny cravings when they're pregnant.
• 41:11
  Speaker 6: Yeah?
• 41:11
  Speaker 1: Do you know what else sucked? During pregnancy?
• 41:14
  Speaker 5: I got perioral dermatitis, which basically gave my entire face
• 41:18
  Speaker 5: a rash.
• 41:19
  Speaker 1: Oh, and I was so uncomfortable.
• 41:23
  Speaker 5: It was like really flared up. It ended up cracking
• 41:26
  Speaker 5: on my chin and hurting something shocking.
• 41:28
  Speaker 1: So you know what I needed to do?
• 41:30
  Speaker 5: Go and see a dermatologist. Ah, four hundred dollars to
• 41:33
  Speaker 5: see a dermatologist. About seventy dollars for the products to
• 41:37
  Speaker 5: help with that flarer. Yeah, just one time, you saw
• 41:40
  Speaker 5: a dermatologist, Just one time. She set me up with
• 41:42
  Speaker 5: everything I needed and she was very nice by an
• 41:44
  Speaker 5: email after that, But are you joking? Four hundred dollars.
• 41:48
  Speaker 5: I also found out mid pregnancy Beck that I had
• 41:51
  Speaker 5: very high blood pressure which was bordering on preaclamsia, which
• 41:55
  Speaker 5: was not very fun lots of additional blood tests covered
• 41:57
  Speaker 5: under Medicare.
• 41:58
  Speaker 1: That was okay, checkups and stuff.
• 42:01
  Speaker 5: Which were free, they were included, but obviously I was
• 42:04
  Speaker 5: then on medication, and that medication was costing me about
• 42:07
  Speaker 5: sixty ish dollars a month to be on. And then
• 42:10
  Speaker 5: in addition to this, I had to purchase an at
• 42:12
  Speaker 5: home blood pressure monitor because my doctor said, look, you're
• 42:16
  Speaker 5: going to need to test every day. You either purchase
• 42:18
  Speaker 5: one or you come in. I could have gone in
• 42:21
  Speaker 5: for free to get my blood pressure taken, but then
• 42:23
  Speaker 5: I would have had to drive, and I would have
• 42:25
  Speaker 5: had to pay for parking, and also we're not talking
• 42:27
  Speaker 5: about the time it would take to get to the
• 42:29
  Speaker 5: hospital every day. But I spent about one hundred and
• 42:32
  Speaker 5: twenty dollars on a blood pressure monitor from the chemist
• 42:35
  Speaker 5: to have a home. It's very convenient though, for who
• 42:37
  Speaker 5: after pregnancy?
• 42:39
  Speaker 4: Maybe just for curiosity.
• 42:42
  Speaker 5: Yeah, look, curiosity killed the cat because the amount of
• 42:44
  Speaker 5: times I tested my own blood pressure and then freaked
• 42:47
  Speaker 5: out and ended up in hospital because I was like,
• 42:50
  Speaker 5: oh my gosh, it's still so high, what's wrong is
• 42:52
  Speaker 5: the baby? It was just a really fun time. Yeah, okay,
• 42:56
  Speaker 5: but yes, another one hundred and twenty bucks. So those
• 42:59
  Speaker 5: were so additional unexpected.
• 43:01
  Speaker 4: Costs doesn't does it?
• 43:03
  Speaker 2: Yeah?
• 43:03
  Speaker 5: And also a lot of McDonald's hash browns, but I
• 43:06
  Speaker 5: didn't put them into a spreadsheet.
• 43:08
  Speaker 4: I don't even want to know.
• 43:09
  Speaker 1: I regret nothing. Yeah, we're an investment.
• 43:12
  Speaker 4: They are an investment.
• 43:13
  Speaker 1: And why are they not a dollar anymore?
• 43:15
  Speaker 4: Are they not a dollar?
• 43:16
  Speaker 1: Not a dollar anymore?
• 43:17
  Speaker 4: Cozie Lives.
• 43:18
  Speaker 1: Yeah, anyway, I think we're done here.
• 43:22
  Speaker 4: Okay, that's good because I was honestly on the verge of.
• 43:26
  Speaker 1: You were gonna leave.
• 43:27
  Speaker 4: I believe you're like babies are boring on bit of
• 43:30
  Speaker 4: tears actually for the amount of money that you spent,
• 43:32
  Speaker 4: but also it is worth it because he's here and
• 43:33
  Speaker 4: his beautiful.
• 43:34
  Speaker 5: Absolutely I'm biased because I'm his mother, but I'll always
• 43:37
  Speaker 5: agree I.
• 43:38
  Speaker 4: Do miss him actually, So before we go, though, I
• 43:40
  Speaker 4: do want to know, is it any last tips or
• 43:43
  Speaker 4: tricks or anything like that? All right, So my number
• 43:45
  Speaker 4: one tip would be establish your baby budget early on sure,
• 43:49
  Speaker 4: and budget more than what you're anticipating. Obviously, you mentioned
• 43:53
  Speaker 4: Cozy Lives before the world is a very expensive place
• 43:57
  Speaker 4: to be. But I'd always be trying to put away
• 43:59
  Speaker 4: as much as you.
• 44:00
  Speaker 5: Can while pregnant, or while trying to get pregnant, or
• 44:04
  Speaker 5: planning a pregnancy, because it all does add up, and
• 44:08
  Speaker 5: like it might not seem like the most fun way
• 44:10
  Speaker 5: to celebrate having a baby or finding out that you're pregnant,
• 44:13
  Speaker 5: but having money put aside, I promise you future you
• 44:17
  Speaker 5: is going to thank you for that, and that is
• 44:19
  Speaker 5: going to ensure that you have a little bit more
• 44:22
  Speaker 5: of a stress free pregnancy, because like, the last thing
• 44:24
  Speaker 5: you need to be stressing about while pregnant is money,
• 44:27
  Speaker 5: and the last thing you need to be stressing about
• 44:29
  Speaker 5: while having a baby is going, oh my gosh, I
• 44:31
  Speaker 5: didn't foresee this, you know, twenty dollar cost or fifty
• 44:35
  Speaker 5: dollar cost, because they all add up, right, So I
• 44:37
  Speaker 5: think you can focus your attention where it really matters,
• 44:40
  Speaker 5: and that's on having a baby. But making sure that
• 44:43
  Speaker 5: your budget is on point and you've allocated as much
• 44:45
  Speaker 5: as you can towards that is going to be a priority.
• 44:48
  Speaker 4: It's really solid advice. Thank you. I think it's a
• 44:51
  Speaker 4: really great place to leave right now.
• 44:53
  Speaker 1: I think it's a good place to leave your heart.
• 44:54
  Speaker 5: He's in a studio, like he's now a studio radio baby,
• 44:57
  Speaker 5: So let's go hang out with him.
• 44:59
  Speaker 4: Perfect, Let's do it. Bye, guys.
• 45:08
  Speaker 6: The advice shared on She's on the Money is general
• 45:10
  Speaker 6: in nature and does not consider your individual circumstances. She's
• 45:14
  Speaker 6: on the Money exists purely for educational purposes and should
• 45:17
  Speaker 6: not be relied upon to make an investment or financial decision.
• 45:21
  Speaker 6: If you do choose to buy a financial product, read
• 45:24
  Speaker 6: the PDS TMD and obtain appropriate financial.
• 45:26
  Speaker 1: Advice tailored towards your needs.
• 45:29
  Speaker 6: Victoria Divine and She's on the Money are authorized representatives
• 45:33
  Speaker 6: of money sherper pty Ltd ABN three two one is
• 45:36
  Speaker 6: six four nine two seven seven zero eight AFSL four
• 45:40
  Speaker 6: five one two eight nine