It isn’t breaking news that having a baby is expensive. With the costs of housing, childcare, diapers, food, and other essentials, it’s easy for families to feel overwhelmed with all of the expenses of having a baby. Many people may have been more “lenient” with spending before becoming parents. However, many new parents re-evaluate their household budgets and realize they may need to find ways to raise a baby on a budget. If you are a new parent preparing for a baby on a budget, there are plenty of helpful ways to save so you don’t break the bank.
Baby On A Budget: Helpful Ways To Save
Buy used clothing
Babies grow extremely fast and outgrow clothing before you even realize it. In a baby’s first year of life, expect they will outgrow their clothes at least a few times. If you buy new clothing for the baby, imagine how much you would be spending! You can have a baby on a budget by purchasing used clothing. Consignment shops, thrift shops, and garage sales are all great places to look for used baby clothing. You could also try Craigslist to see if anyone is selling used clothing for a good price.
Sign up for email lists
Many vendors that sell baby items have email lists you can sign up for. I love signing up for email lists because I find out about deals, sales, and coupons without having to do the research upfront. Some of my favorite vendors include Target, The Children’s Place, and Carter’s. I also use Ebates to receive cash-back deals. I simply enter one of my favorite vendors (such as The Children’s Place) in Ebates and I receive cash back for my clothing purchases.
Have a garage sale
Garage sales are a great way to clean out your space, get rid of things you no longer want, and also make extra money. Make sure you are prepared before hosting your garage sale.
- Keep a good amount of change with you on the day of the garage sale. It would be a shame for somebody to not be able to buy something from you because you don’t have enough change on hand.
- Organize your items in a way that’s visually appealing. Fold clothing nicely in stacks. Group similar items together. Even the best quality items will get missed if they are not presented in a way that appeals to sellers.
Get good health insurance
Obtaining good health insurance is important when trying to have a baby on a budget. Not all health insurance plans are the same, so be sure to compare different things each plan offers (not just the monthly premiums). Things you want to compare between health plans include:
- Annual deductibles
- Maximum out-of-pocket
- Costs for different services (Is it a flat fee or percentage after a deductible is met?)
- HMO or PPO
For example, getting the lowest-cost premium health plan may seem like the best option for saving money. However, if you anticipate lots of doctor visits or there ends up being several trips to the Emergency Room, you might end up paying more in the end.
Try to avoid the malls if you can
Malls are a great place to shop because of the endless amount of options to buy things. They are also the perfect location to suck the life out of your wallet. When you plan on having a baby on a budget, try avoiding the malls if you can (or at least limiting the amount of visits there). Malls present too many temptations to buy a bunch of stuff that is unnecessary.
Don’t underestimate all the savings each of these tips could provide. Start using these tips as soon as you can to start saving money. Everything counts once you become a mom or dad.
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