Parents to Be: 3 Helpful Tips To Try And Save Up For A New Baby
From a carseat to onesies to diapers, babies incur a lot of expense. If your baby will need childcare, you will find out a baby can easily cost you and your partner thousands of dollars a month.
Here are three common sense suggestions to help you plan for your baby.
Health is Your Number One Priority
The number one priority for your baby is his or health. This can encompass many things, such as:
- Breastfeeding over bottle feeding
- Buying appropriate car seats and cribs
- Adding baby to your health insurance
- Protecting your baby by storing stem cells
To plan appropriately for the health of your baby, you need to figure out how much each of these categories will cost. Remember that a safe crib does not have to cost hundreds of dollars, secondhand carseats are generally not recommended.
If your health insurance plan requires a co-pay for well child exams, figure out how many exams your baby will need the first year of life and add this amount to the money you need to save.
You can’t predict what will happen to your baby in the future. Harvesting stem cells is a painless and easy way to protect your baby’s future health. Contact a cryobank, like the California cryobank, and ask them for a cost estimate so you can begin planning.
Use Coupons
There is an abundance of coupons available for new moms today. You can find them online or cut them out of paper. Signing up for programs that give you points for using their products is another way to save. For instance, both Huggies and Pampers give you points for diapers and wipes. You can then redeem your points for toys, bottle essentials, gift cards and other rewards.
Don’t Buy Everything at Once
Remember, your baby will not be eating solid food until he or she is around six months of age. So you have more immediate worries than buying a high chair. Also, small babies do not need a full-sized crib. Use a bassinet or cradle when your baby is small and put off the larger purchase of a crib until you need it.
By knowing what you need to plan for, you can begin saving now so when your baby comes, you can fully focus on your bundle of joy. Establish a monthly amount you need to save and by the time your baby is born, you will have the money you need.
Category: Family Finances
