September 22, 2013 by Kemi Lawal
A pregnant woman
| credits: makehealtheasy.com
| credits: makehealtheasy.com
Are
you expecting a baby or you just had one? Having a baby is a huge
financial commitment, so it is vital to get one’s finances in order.
Don’t sweat it – not everyone’s a natural-born money saver. But now that
you’ve got a baby to consider, knowing how to budget is a definite
must. There are simple-yet-effective ways to save for baby
Come up with a work plan
According to www.babycentre.com, once you learn that you are going to become parents, you should have an important talk with your partner. Determine what your financial needs are and what your best route is for meeting your financial demands.
Start paying off your debts
It is a good idea to start paying off your debts while you are pregnant so that you are not faced with financial burden when the baby is born.
Put away enough cash
Instead of buying a new car for your baby, put that money away for other important things. Just because you are having a new baby does not necessarily mean you need a bigger car.
Consider breastfeeding
Instead of spending too much on baby formula, take advantage of your breast milk, which is free of course. You can even buy a breast pump so your child is not hungry while you are away.
Check launch date of new products
There are so many new and unnecessary products out there being marketed to new parents. It can be tempting to spend money on these products, but most of them are things that babies do not need. This is why it is important to ask yourself how long these products have been around.
Start your spending after the baby is born
During pregnancy, it can be very tempting to buy all kinds of new baby gear. However, when the baby is born, parents can find that a lot of the things they bought do not suit their baby. Just buying the necessary items at first, such as a car seat and a crib, can help save money. Buy things that fit your baby’s size and temperament after the baby is born.
Practice budgeting your money in advance
It is important to try to cut your budget in half for a month to see if you can make the financial adjustments necessary to have a child. This can help you see the extra expenses you will have to cut or change once the baby arrives.
Go easy on the starter diapers
Start with only one pack of newborn diapers. The baby may not even fit into them at the start, and he’ll grow fast.
Buy in bulk
You know you’ll need lots of some things (like diapers and formula). If you have the storage space, stock up to save cash.
Make your own baby food
When baby starts to eat solids, toss cooked vegetables into the blender with a bit of liquid, and save the meals in ice trays. The money you’ll save makes it worth the extra effort.
Search for sales
If you find a product you love, take time to strike a bargain, shopping around for a better price can help you save enough for future splurges.
Don’t buy lots of shoes
Before a baby starts walking, shoes won’t really be necessary. Socks will help to keep those his feet warm.
Buy generic and less expensive brands
The label does not matter since your baby will only eat the food for a few months, don’t waste money buying expensive brands of baby food.
Don’t buy maternity clothes yet
Ignore the urge to buy maternity clothes just because you’re excited about being pregnant. Wait until you really need them before you buy.
Buy things that last
This may seem like a no-brainer, but you might be surprised how often you find yourself buying things that are poorly made or disposable. Invest in sturdy stuff that can be handed down from generation to generation (or at least from baby to baby).
Come up with a work plan
According to www.babycentre.com, once you learn that you are going to become parents, you should have an important talk with your partner. Determine what your financial needs are and what your best route is for meeting your financial demands.
Start paying off your debts
It is a good idea to start paying off your debts while you are pregnant so that you are not faced with financial burden when the baby is born.
Put away enough cash
Instead of buying a new car for your baby, put that money away for other important things. Just because you are having a new baby does not necessarily mean you need a bigger car.
Consider breastfeeding
Instead of spending too much on baby formula, take advantage of your breast milk, which is free of course. You can even buy a breast pump so your child is not hungry while you are away.
Check launch date of new products
There are so many new and unnecessary products out there being marketed to new parents. It can be tempting to spend money on these products, but most of them are things that babies do not need. This is why it is important to ask yourself how long these products have been around.
Start your spending after the baby is born
During pregnancy, it can be very tempting to buy all kinds of new baby gear. However, when the baby is born, parents can find that a lot of the things they bought do not suit their baby. Just buying the necessary items at first, such as a car seat and a crib, can help save money. Buy things that fit your baby’s size and temperament after the baby is born.
Practice budgeting your money in advance
It is important to try to cut your budget in half for a month to see if you can make the financial adjustments necessary to have a child. This can help you see the extra expenses you will have to cut or change once the baby arrives.
Go easy on the starter diapers
Start with only one pack of newborn diapers. The baby may not even fit into them at the start, and he’ll grow fast.
Buy in bulk
You know you’ll need lots of some things (like diapers and formula). If you have the storage space, stock up to save cash.
Make your own baby food
When baby starts to eat solids, toss cooked vegetables into the blender with a bit of liquid, and save the meals in ice trays. The money you’ll save makes it worth the extra effort.
Search for sales
If you find a product you love, take time to strike a bargain, shopping around for a better price can help you save enough for future splurges.
Don’t buy lots of shoes
Before a baby starts walking, shoes won’t really be necessary. Socks will help to keep those his feet warm.
Buy generic and less expensive brands
The label does not matter since your baby will only eat the food for a few months, don’t waste money buying expensive brands of baby food.
Don’t buy maternity clothes yet
Ignore the urge to buy maternity clothes just because you’re excited about being pregnant. Wait until you really need them before you buy.
Buy things that last
This may seem like a no-brainer, but you might be surprised how often you find yourself buying things that are poorly made or disposable. Invest in sturdy stuff that can be handed down from generation to generation (or at least from baby to baby).
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