Ah, children! They completely transform your life and your home. But, more importantly, something many future moms and dads worry about is how much they need to budget when they have a baby. Indeed, your baby has a variety of needs, and that’s precisely why new parents have to invest in dedicated furniture and equipment. Ultimately, the typical baby gear and household transformation don’t come for cheap. However, you’d be pleased to know that you don’t need to buy everything from scratch. There are handy ways to save money when you invest in your family. You need to think beyond the cost of each item but consider its long-term purposes to budget your baby shopping effectively.
Where you need to invest
Every parent wants their child to have the best chances in life. As a result, it’s not uncommon for future moms and dads to open a saving account for their baby. The account is generally dedicated to funding their academic studies, if relevant. As long-term investments go, this one spreads across several years to ensure the best possible future. Similarly, another essential investment you need to make is to update your city car to a family-friendly model — The new Vauxhall Mokka X is a sporty alternative to the traditional family hatchback, for instance. You have to consider the connectivity features – perfect to warn your partner you’re stuck in traffic without taking your eyes off the road, or keep the kids entertained – as well as the safety elements.
The things you can get cheaper
Having a baby is only as expensive as you make. Indeed, for a start, you have a lot of time to buy all the things you need. You can spread your costs throughout the pregnancy. But more importantly, you can take advantage of gifts – your baby shower can save you a tonne of money if you make a list of what you need. Additionally, your friends and relatives will be willing to buy a present when they come to meet the baby. It can be helpful to let them know what would be useful – which means you can avoid filling the wardrobe with hundreds of newborn onesies that your baby won’t be able to wear.
The things you can buy 2nd-hand
A lot of parents worry about pre-loved items, but you don’t need to buy everything new. You have to be careful as old items need to pass the safety standards, but a recent – post-2007 – used stroller or a high chair is a perfectly acceptable compromise. Did you know that you could save money with a used breast pump too? The machine per se is fine to reuse. All you need is to buy new tubing, bottles and flanges to keep it sanitised.
The things that are OTT
Don’t let the media influence you too much. Your baby doesn’t need a complete nursery room. A changing pad, for instance, is a cost-effective and practical alternative to the more expensive changing table. Similarly, your nursery room doesn’t need a sophisticated decor. Yes, it’s tempting because Pinterest and other platforms showcase magical baby rooms. But you don’t need to overdo it.
Having a baby on a budget is never easy.
However, understanding where to invest and where you can safely save can make a great deal of difference for future parents.