Having a baby has been a huge change in more ways than one, but the good news is that you can provide for you little ones without going broke.
15 Ways to Cut Down on Baby Expenses
I decided to consolidate some of the best tips and advice I’ve heard and read so far from others into a list that you can print out and put on your fridge.
Have a trusted friend or family member babysit your child. Don’t take advantage of a loved one’s generosity; you should still compensate them for their services. After all, you most likely get a discount and you’ll have some peace of mind over your little one’s well being.
Make your own baby food. If you have the right kitchen tools and the time, go ahead and make your baby’s food. It’ll also give you the freedom to introduce a variety of different foods to your baby early on.
Buy baby supplies in bulk (when appropriate). You can save quite a bit of money if you buy certain items in bulk, like diapers. consider subscription services like Amazon Mom to save 30% on diaper orders.
Consignment stores are your best friends. We have quite a few consignment stores in Raleigh with some high quality items. There’s one that specializes in baby clothes and gear a short drive from us that has fantastic deals. We picked up some outfits for $1-$4/each, with some of them having the tags still on.
Cook at home. Not exciting, but a huge cost saver. Eating at home not only helps you keep more money in your wallet, but you’ll have more control over what you eat. That means better health and more wealth. Curious about what foods to try or what cooking tips can save you time? Check out my blog Married Food for ideas.
Watch your toy budget. Babies don’t need as many toys as you think. It’s tempting to get the latest educational toy that comes out, but some basic ones really go a long way. Plus they have the added bonus of encouraging imagination.
Buy for the long term. When looking at cribs, my husband and I wanted to look for something that would last for years. Besides getting a convertible crib, we also looked at the material. We didn’t want the bed to break down after a move or two.
Go generic.Your baby can tell if she’s wearing the name brand shoes or having her bottom cleaned by the store brand wipe. Save yourself some money and go generic.
Buy washable nursing pads. You’ll go through them quickly, so it may pay to invest in some washable ones.
Check out the clearance rack. You can pick up some nice clothes and baby gear by looking at the clearance rack.
Keep the change. Go ahead and collect all the loose change you have at the end of the day. You can use that to build the family’s savings or put it aside for your baby’s future expenses, like a college fund.
Take advantage of coupons and discounts. Use manufacturers’ coupons and sites like Amazon Mom to score deals on necessary baby items.
Try free mommy programs at the library.
Wait for the baby shower. If you’re watching your dollars, be patient. If loved ones buy you some necessary items for your little one, you can pick up what’s missing.
Network with other parents. Parents can be a great resource for sales and deals in your area.
More Tips on How to Save on Baby Expenses
Looking for more ideas on saving with baby expenses?
What expenses can you expect? Every family is different, but here are some bills we’re expecting for our upcoming arrival:
Hospital Bills: Our insurance changed with this next child, so we will be having a higher hospital bill. 🙁 The good news is that our OB appointments are cheaper this time around, so we aren’t feeling too squeezed.
Baby Gear: Though we plan on having all the essential ready, we want to have some buffer in case we’re misisng anything (every baby is different).
No Work for a Month: Based on the last time around, I’m estimating that I’ll be away from work for about a month.
There’s no way we can anticipate every expense, but we have some peace of mind knowing that we have a system in place.
Tips on How to Save for Your Baby
You can get more details in the video, but I just want to highlight some tips to help you get ready for the arrival of your little one.
Start an Automated Savings Plan: For us automated savings is a wonderful solution to not only keep us on track for our goals, but it saves us time. We’re using Capital One 360 to build our fund.
Let Your Network of Family and Friends Help: It does take a village to raise a child, so welcome help whenever you can. We were grateful when loved ones offered their talents and helped us get ready for our little one. Several friends contributed to preparing the nursery including painting, decorating, and even giving handmade art pieces.
Examine Your Work Situation: Childcare can be a huge expense, so sit down before the little one arrives to see what would be best for you and your family. Being self employed we had to look at whether I could finish my work while having her with me.
Thoughts on Savings for a Baby
Whether or not you start a baby fund separate from other savings, the important take away is having savings can help you with this big transition.
You can focus on your bundle of joy instead of sweating over the finances.