Family Funds Frozen?…warm up to Hire for Baby
A new baby in the house can add financial strain to already stretched family budgets. According to a study conducted by the Australian Institute of Family Studies back in 1994, a first child was calculated to cost around $3000-$13,000 in the first year alone. That equates to between $4500 and $20000 in today’s terms.
To reduce the overwhelming start up costs, parents are saving money by hiring baby equipment. Anne-Marie Rodd from Hire for Baby observes that “new parents are listening to their friends tell the ‘only used it for a little while’ story and they are acting on that. Hiring makes sense when you are talking about pieces of equipment that babies don’t require for long periods. Baby capsules for the car are outgrown by the age of 6 months; bassinettes by 4 months; expensive swings and entertainment centres are also only used for a few months. These four items alone would cost over $1200 to buy!”
Short term hiring of equipment for visiting relatives or when you travel with your family saves on stress, excess baggage fees and potential damage to your equipment in transit. Clean quality prams, portacots & car seats can be waiting for you upon arrival.
Hiring does make sense particularly in the current economic times.
Hire for Baby has over 75 branches Australia wide, with hiring periods from one day to twelve months. You can find your closest branch at www.hireforbaby.com or call 1300-363-755.
July 8, 2009 by babyunivers