Have a new baby is an exciting time for any couple. However, while people often warn new parents about the sleepless nights and constant stress, they don't often warn them about just how expensive a new baby really is.
New parents are often overwhelmed with just how costly their new bundle of joy is and how many new expenses and bills seem to present themselves everyday. If you are a new parent who would like to save some money without depriving your child of anything they might need, keep reading. Here's how to save money as a new parent.
Buy Items That Are Gender Neutral
It's fun to dress a little girl up in pink onesies and pajamas. However, when you purchase gender-specific baby items, you're ensuring that you'll only be able to use them again if you have another child of the same gender. If you go on to have a boy and all you have are items for girls, you'll end up having to spend a lot of money all over again. Neutral items, such as yellow onesies, enable you to reuse the items even if your future child is a different gender than your infant.
It's fun to go to the boutiques and shops and look at all the fancy little items for babies. However, these baby boutiques tend to have a huge markup. The items you find there might be adorable, but they aren't very economical. Instead, try shopping online for your baby's needs. Online shopping allows you to compare prices and save money with promo codes. It's not just clothing items that can be purchased online. For example, Kippins sells baby comforters online.
Go To Rummage Sales and Clothing Swaps
Babies grow very quickly, which means that the outfits that fit them one week don't fit them the next. This is why it's a good idea to shop at rummage sales and attend clothing swaps. You can get new clothing for your child for a fraction of what the item would have cost in a store.
If you realize you need a specific item, you might not need to run out to the store and spend a lot of money on it. For example, if you need a new changing table, it can be smart to ask around and see if any of your friends or coworkers have one that they no longer need. You'll end up paying either next to nothing or you might just end up getting it completely free. People are happy to unload the old furniture and obsolete items that are sitting in their storage areas taking up space unnecessarily.
Clip Coupons and Follow Sales
Too many people spend more money than they have to on items like groceries, formula and diapers. These items are often very expensive, but they become significantly cheaper if you learn how to follow sales and clip coupons. This might feel like something only your grandparents would do, but it's actually an amazing way to reduce your weekly household budget and save money on the items that you and your family need to live.
A new baby can be quite expensive. However, parenthood is manageable for every couple, provided that they know how to live frugally and really make each dollar count.