Your baby is fresh out the oven and wrapped with so much cuteness you don’t know what to do. As wonderful as this feels, you are going to have to strap down and learn how to save money because raising a baby can get expensive without some of the following tips.
Make Reusing a Part of Life
One thing you have to learn to do is reuse everything. Those with older kids have hopefully kept a lot of stuff because you’ll save a lot by simply reusing some stuff. Go ahead and reuse older clothes so that you don’t have to buy a lot of new stuff. Now, this doesn’t mean you have to use baby clothes that are messed up.
If you see tears or know it can use a good cleaning, then go ahead and have these items steam cleaned or have a seamstress make these items look like new. By doing this, you will not only save money, but you’ll be able to reduce your carbon footprint.
Most clothes need to travel to get to you, but if you don’t buy new clothes, then you aren’t contributing to the problem. Those who do not have hand-me-downs to offer their new baby may want to consider joining new parent local groups where you can swap clothes. You can also make friends with other parents who might not mind getting rid of some old clothes.
Look for Those Hidden Perks
As a new parent, you are going to have to deal with expenses you haven’t even thought of, like how you’ll have to buy a breast pump or a lot of baby bottles. All of these expenses could end up draining your bank account, and no parent wants that right now.
There are perks you should take advantage of, but the problem is that some of these perks are not always advertised. You are going to have to ask about them as uncomfortable as that might make you feel. For example, there are some employers that offer company-sponsored baby sitting or daycare.
Some companies may just offer discounts, but that’s still something. Health insurance companies sometimes offer free breast pumps among other things. Other memberships you are a part of may offer something for new parents, so just ask about it.
Budget-Minded Parents are Key
Always be budget-minded because it’ll ensure that you can put money away for a rainy day or maybe for your child’s schooling. There are a lot of ways to be budget-minded, like you could look for discounts, but there is more you can do. For example, rent movies instead of going to the theater, and avoid loan debt as much as possible.
Don’t be afraid to ask for free samples whenever possible, and don’t worry about being loyal to a brand if you see something more inexpensive. Pay close attention to those birthday parties because they can get expensive. You are going to have to learn how to have a kids birthday on a budget for the new baby and the other kids in the family.
There are a few ways to do this, like you can “consider having a joint birthday party with your child’s friend or family member, so you can share a space or split the cost of a rental” which is something the money-saving experts at Coupons.com suggest.
It may be difficult to rework your spending habits, especially if you never had to worry about this before, but it’ll be worth it in the end. Finding ways to save and have a bigger amount on the side for whatever happens in life gives you peace, which is priceless for a parent.