The next step is to work out what your child needs, and how much this will cost.
All children need clothes, food, and a roof over their heads. You might also need to think about child care costs. Other things will depend on how old your child is – for example, young children might need a buggy, whereas older children might need a mobile phone.
Need some help with this step? Our The cost of raising your child form aims to help you work out what your child's needs are.