On Nov. 15, model Miranda Kerr announced she and Snapchat CEO Evan Spiegel (net worth: $2.9 billion) are expecting their first child next year. Now, an insider tells Life & Style the couple is sparing no expense for their baby girl.

“They’re super excited about welcoming a little girl into their lives,” the insider says. “Miranda’s already spent $250,000 on the nursery,” reveals a source, who says the 34-year-old model is dropping big bucks on everything from a custom-made crib to a walk-in closet filled with designer baby clothes from Dior, Stella McCartney, and Ralph Lauren.

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Trick or Treat crew 👻🎃💀

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“She isn’t holding back,” the source adds, “when it comes to giving her newborn the best of the best!” She's already mom to six-year-old son, Flynn, with ex-husband Orlando Bloom. Congrats to the growing family!

For more on Miranda Kerr and all your favorite celebrities who are expecting, pick up the new Life & Style magazine, on stands now!