You have a baby on the way, and you’re excited to meet them. However, you’re not thrilled about the expenses that come with raising a newborn. While you can save money on essentials like diapers and baby food by using coupons and discount codes, you’re unsure about other ways to reduce baby-related expenses. Here are some tips to consider:
1. Get Hand-Me-Down Clothes: Babies quickly outgrow their clothes, so buying brand-new items at full price doesn’t make sense. Instead, try to get hand-me-downs from friends or relatives who recently had babies. You can also check local parenting groups for people offering baby clothes.
2. Skip the High-Tech Items: Many high-tech baby items on the market aren’t necessary for raising a newborn and can be expensive. You can save money by not purchasing items like a baby wipe warmer, bathtub thermometer, bottle sterilizer, formula dispenser, or a wifi-connected baby monitor. A basic audio baby monitor will suffice.
3. Do Not Buy Bedding Accessories: Don’t spend money on bedding accessories such as pillows, blankets, plush toys, and bumper pads. These can be hazardous for newborns and increase the risk of SIDS. Stick to a well-fitted sheet and a waterproof liner for your baby’s mattress.
4. Do Not Buy Baby Shoes: Baby shoes may be cute, but they aren’t necessary for a long time. It’s easier for babies to walk barefoot, as it helps with balance and foot strength. Wait until your baby reaches the milestone of walking before purchasing shoes.
5. Be Strategic with Your Baby Registry: Setting up a baby registry can help you save money on necessary items. Include big-ticket items that shouldn’t be purchased second-hand, such as a car seat or crib. If you’re uncomfortable asking for these items, request gift cards instead. Gift cards can also help with ongoing expenses like diapers.
6. Organize a Meal Train: After your baby is born, you may not have time or energy to cook. Ordering takeout regularly can be expensive and lead to unhealthy food choices. Arrange a meal train with friends and family who can bring you meals in the first few weeks of parenthood.
7. Do Your Research about Symptoms: It’s natural to worry about your baby’s health and rush to the doctor for every small symptom. However, this can lead to unnecessary expenses. Before the baby is born, research common newborn symptoms that aren’t emergencies. If you’re unsure, call the pediatrician before booking an appointment.
Remember, your baby’s health should be your top priority. If you need to visit the doctor, don’t skip it for the sake of savings. Consider alternative payment solutions, such as applying for cash loans online, if you’re unable to cover the medical costs right away.
By following these tips, you can save money and focus on what’s important once your baby arrives.