Having a baby is a pricey business, but it doesn’t have to set you back quite as much as you think. There is a whole heap of unexpected expenses when you welcome your baby into the world. It has been estimated that in the first year alone, over £10,000 is spent on your baby. However, there is definitely ways to reduce the financial burden and here are some great tips to get you on your way.
Nurse is possible
If you can breastfeed do. It is not only extremely healthy, but the cost of formula adds up. Also, pump and store extra breast milk. Creating a stockpile to use when you can’t feed will reduce any costs and saves wasting any.
Buy products that do two jobs
Buy a crib that will convert into a toddler bed which will reduce costs further down the line. Use a dresser with a changing pad instead of an expensive changing table. Check out second-hand stores, sites and charity shops. Try items that grow with your baby, e.g. car seats and strollers.
Scrimp on the clothes
Stocking up on new-born products can be a waste of time and clothes are a popular gift so you will probably gain more than enough. But you can also purchase gently worn clothes and toys, which are still in great condition, for a fraction of the cost. Also, if you know some other mums than you can share your goods. In the first few months, your baby will have rapid growth spurts, so don’t splash the cash on items that will only last for a few short weeks.
Along with this, don’t be led to think your baby needs the best of everything. Again, babies only wear clothes for a brief period of time, do they really need a label? Generic clothes that can be kept for future babies are great, but on top of this, having plenty of plain white tops, vests, and socks, will match up with any outfit.
The trick to stockpiling is to buy things in advance when they are on offer and cheaper and then keep them until you need them. Items such as nappies, wipes and washing powder will need to be in constant supply. Buying them in various sizes as well will prevent you from buying too many small nappies when your baby suddenly grows and needs a size up. You can discuss your baby’s growth chart to estimate how much they will grow in each new season, therefore, picking up discount clothes from the clearance rack.
Don’t believe you need everything
There is plenty of gimmicky items on the market that will suck you in, believing you need them. For example, you do not need a nappy bin. Put them in a nappy bag and chuck them into a regular bin. Lots of first-time parents end up buying tonnes of products that go unused, before buying a product check out if it will be useful with other mums on Mumsnet’s message board.
Invest when needed
If you’re finding yourself buying products that are poorly made or disposable, then it is good to invest in sturdy alternatives. Although the initial cost may be slightly more, long-term costs will be significantly less and again, pose great use for further babies or to be transformed into something else in the home.
These are a few great tips that will get you started with saving with your new baby. Once you get into the thrifting mindset, you are sure to find numerous other methods to save money.