Having a baby is one of the most exciting events in anyone’s life, but if it’s your first time on the baby bandwagon it can be hard to know what you’re in store for, moneywise.
Even if your child is past the newborn stage and heading towards Toddlerville, you’ll still want to be planning for the costs associated with having a growing family.
Parents have to cope with less income and more outgoings, so we’ve decided to partner with Plunket to create the BNZ Baby Budget Calculator. It’s an interactive tool to plan your spending based on what other New Zealand parents are spending. The calculator lets parents estimate what costs are associated with the first year of a baby’s life (0-12 months) or a year of a toddler’s life (12-36 months), and contains useful information to help them along the way.
Our mission at BNZ is to help New Zealanders be good with money and our partnership with Plunket enables us to help young families prepare for the financial changes they may face when having a baby.
This is why we’re proud to be making the BNZ Baby Budget Calculator available to New Zealand parents here.
Plunket is the largest provider of free support services for the development, health and wellbeing of children under five in New Zealand, and they are also reliant on donations from the community to be able to continue delivering a wide range of services.
March is Plunket Appeal month, so we encourage you to make a donation to this worthy cause.
If you’re a BNZ customer, we will also chip in $5 for everyone who turns off their paper statements.