Expensive Costs

I just found out that a University friend of mine in Australia has given birth! I was so glad for her and am waiting to her more from her. I remember her telling me that it is going to be an expensive affair as life insurance rates have recently gone up in Australia. I guess children do not come cheap these days. Another colleague who is about to deliver has estimated spending at least RM10k just to prepare for her baby's arrival! Whew..talk about rising costs of inflation!