Unless you’ve recently come into a vast inheritance, done well in the stock market or otherwise have quick and easy access to a lot of cash, you’re likely to find that having a newborn is more expensive than you might like. All parents want the best for their kids, but that doesn’t mean they have to go broke in the process. Here are some useful ways to save money when a newborn is either on the way, or has already bounced into your life.
Nurse Your Newborn
Studies show that not only is breastfeeding healthy for newborn babies, it’s also a great way for both mom and dad to save money. Money that would otherwise be spent on formula can be saved for other newborn expenses. Something else to think about is the fact that nursing is a great way for mothers and fathers alike to bond with their child. On a related note, it’s a good idea to look into borrowing a breast pump and buying the plastic attachments, which is the part of the pump that shouldn’t be shared.
Be Smart During Delivery
If your child has yet to be born, get a head start on ways to save in the hospital during the delivery. For instance, you’re likely better off giving up add-ons like a private room. Parents-to-be should also find out if they’ll be charged for turning on the TV every day they’re at the hospital, which can feel like the cost of a small vacation (learn more here). There might be free samples of diaper ointment, baby lotion and baby wash as well as coupons for such items, so be sure to ask the hospital staff about them.
Shop Smart When It Comes to Baby Clothes
All-in-ones make a great investment for newborns, and you can find some great buys if you check discount stores first. While some might have defects in them, those defects become nearly invisible after it’s covered up with a little baby spit-up. It’s also best to purchase all-in-ones in white, which is easier to clean with inexpensive bleach instead of spot-treating with more expensive powder or spray.
Additionally, it’s also a great idea to buy secondhand baby clothes. This is because unlike adults, babies are constantly growing, which means they won’t keep the same top for several years (as long as you maintain your current weight). Babies don’t wear out clothes, they outgrow them.
Buy in Bulk When You Can
Just like makes sense to buy coffee in bulk when you drink several cups a day, the same goes for buying diapers and baby wipes in bulk. Stocking up goes a long way in saving money, and it’s also a better way to ensure you don’t have to worry about running out at the most inconvenient time. If you aren’t a member of a wholesale club, now is a great time to change that.
Know That Babies Might Not Enjoy Toys as Much as You Might Think
While today’s baby toys look more enjoyable and better than anything you might have had as a kid, the truth is that your newborn might not play with them as much as you might think, which can leave you feeling as if you wasted money. Know that babies are easily entertained with everyday objects like plates, wooden spoons, pots and pans. After all, your family and friends will likely buy your child toys anyway, so you really don’t need to purchase any yourself. Just make sure you keep a close eye on your baby when playing with any kind of toy, every day or not.
Keep your bank and your baby happy with the above tips. Know that you don’t have to spend your last dime to raise a happy and healthy baby.