Saving money becomes even more important when you are expecting. The costs of diapers, clothing and even college can become overwhelming for new parents. Basic money saving strategies include switching to lower cost services, cooking at home and purchasing baby supplies wisely, can help you save for the future.
Cutting Basic Costs
Saving money on basic costs, such as utility costs, can add up to big savings over time. Create a budget worksheet that lists all your expenses for the month, including small purchases, and determine where to cut spending. Keep receipts for all new mother and baby items in your budget folder. Some items simply won’t be used, and can often be returned in new condition for cash or store credit.
Other expenses, such as utilities, can also be reduced by shopping for the best rates. For instance, switching to an affordable phone service adds to your savings. You can search for Vonage in your area and switch to a basic plan for your mobile phone to save on telephone costs for the household.
Cooking at home is a simple solution to cutting the food budget. Whenever possible, double the recipe and freeze the leftovers for quick and easy meals after the baby’s arrival. Washable items, such as washable nursing pads,
are also more cost efficient.
Stocking Up for Baby
The amount of supplies kept on-hand for baby’s arrival should be kept to a minimum until the baby is born. Babies grow quickly, and often change clothing and diaper sizes within a few weeks. Prepare a minimum supply of
newborn-sized baby clothes, one pack of newborn sized diapers, and a few bottles and pacifiers in different types to save the expense of tossing items that the baby doesn’t like, or grows out of, before they are used.
When purchasing large items, like car seats and strollers, purchase convertible options that grow with your baby over time, and purchase frequently used items, such as baby shampoo, in bulk. To increase savings on frequently used items, purchase store brand products, or wait for a coupon to purchase name brand products, and purchase clothing that is on clearance to further increase your savings. With a basic budget in place and a few changes, your family can save on basic expenses while preparing for a new baby.