August 10, 2018
4 Tips For Saving Money For a New Baby
The initial excitement of finding out that you’re having a baby is thrilling. As you start to see your future unfolding in front of you and all of the exciting changes that are in store, it can be an incredibly exciting time.
Along with the thrill and butterflies also comes an enormous pressure to be able to handle financial responsibility of bringing a life into the world. There are all sorts of expenses to anticipate from the latest teething toys to diapers, to some salt rock lamp that everyone seems to say you need. Therefore, it’s in your best interest to try to save as much money as possible before your baby arrives. Here are some of the best tips for cutting back on your expenses when you’re welcoming a new baby.
Looking at all of the latest baby gear and decor for your baby’s room can start to make your head spin when you see the price tags. However, a lot of these items are actually relatively simple to make yourself.
Making your own materials rather than buying brand new can not only save you hundreds to thousands, but it’s very rewarding to know that you made it yourself. It’s also a great way to spend your time while you’re in the nesting stage waiting for baby.
Buy Second Hand
Since babies grow so quickly, you will often find that you don’t even use half of the things which you buy for them. This makes an excellent opportunity for finding things second hand. Something that was used only a handful of times and is still in mint condition can be a fraction of the original price.
Take a look on websites like Craigslist or eBay to find great deals on pre-used items.
Have a Baby Shower
If you weren’t considering having a baby shower, then think again. A baby shower isn’t just about playing silly baby games, and awkward gender reveals. It’s about getting free stuff! Traditionally all your friends and family come with a gift to help ease the burden of paying for everything when the baby comes. Usually, a friend will organize the event for you, so you don’t have to do anything but show up and get gifts. Great concept, right?
Create a Budget
If you’ve always been pretty relaxed about your spending habits and let things slide without much worry, you may want to tighten the belt of your finances since you’ve got a baby on the way.
Creating a budget is a way to create guidelines for yourself so that you control your spending and save more money overall. By keeping an eye on how close you’re coming to reaching your limits, you’ll be less likely make frivolous purchases.