The first question you need to ask yourself is whether you can afford a new addition. Make a list of all your income and all your monthly outgoings and work out how much you have spare each month.
Is it enough for all the day-to-day essentials a baby will need, including food and nappies, clothes, and extras like toys? If both you and your partner work, you'll also need to think about childcare. Research from the Family and Childcare Trust in March this year indicated that the average childcare cost for two children, one in part-time nursery care, the other in an after-school club, is £7,549 per year. More, the Trust says, than the average UK mortgage.
It’s worth considering how much you have in savings, as the items you’ll need to buy before your baby is born – pram, car seat, cot etc – can add up to hundreds of pounds.