New Baby On The Way? Simple Money Saving Tips

New Baby On The Way? Simple Money Saving Tips

How to have a newborn for less.

When you have a new baby on the way money can be a stressful topic – newborns are expensive right? In reality, if you don’t want to spend a fortune on your new baby then you don’t have to. They will be just as happy and healthy if you’ve managed to keep the costs down low and so will you if you don’tneed to find loans for people with bad credit or need a guarantor loan. To help you do it here are some simple money saving tips for anyone with a newborn on the way.

  1. Borrow what you can’t afford. Friends, family and new mum networks online are a great place to find big items that people are looking to hand on to others.
  2. Use cloth diapers. If you can’t face this every day then use them when it’s convenient, for example, when you’re in for the afternoon.
  3. Breastfeed as long as possible (a tip for new mums). If you want to and if you can. There’s no doubt that you can save a lot when it comes to what your baby needs to consume if you’re not constantly buying formula.
  4. Look for items that convert. For example, if you have a baby crib that can later be converted into a toddler bed then you can save yourself the cost of the upgrade.
  5. Buy in bulk wherever you can. There are lots of opportunities to buy in bulk when it comes to baby kit, from diapers through to kitchen roll and wipes. All you need to do is make sure that you have the space to store it all.
  6. Don’t bother with fancy toys. Your newborn will have no concept of complexity or cost so there’s really no need to spend out on expensive toys. Don’t be the parent who spends hundreds on a toy only for your child to end up more entertained by the box…
  7. Avoid buying a changing table. There are much cheaper alternatives to this kind of kit. For example, put up some shelves and use a changing matt on top of a surface like a dresser.
  8. Make your own baby food. It’s much cheaper and tends to be more nutritious too. Plus, it’s really simple to make – all you need are vegetables and a blender.
  9. Reach out to friends and family. Paying for childcare and babysitters is often one of the biggest expenses for new parents. If you have close friends and/or family who are willing to help to give you a break then give them the chance to do it.
  10. Don’t buy everything in advance. Give yourself the time to figure out what will work for you and for your baby so you don’t waste money on items you don’t really need.
  11. Shop online. Grocery shopping with a new baby can be incredibly stressful. The result? You may come home with everything that you don’t need. Shopping online will give you the opportunity to identify the biggest discounts and make sure you get the items you want and avoid stress buying.
  12. Start to budget. If this isn’t something that you already do then now is the time to start. Budgeting helps you to keep track of what you’re spending and identify where savings can be made.

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