The nine months of baby-making are not only about trying to eat healthy and allowing the baby to grow safely within you. It also means that you need to keep a close eye on your budget to make sure that you are prepared for the hike in your expenses when the baby lands via Stork mail.
From pampers, powdered milk, growing out of clothing every month to vaccinations and trips to the doctor, spending is only going to go up when the baby comes. The time for you to start saving and planning is now, so here are tips you can follow.
As soon as you see the plus sign on your pregnancy test, start saving your money. When it comes to starting a family, every penny does count. Cut down on your luxury purchases. If you like chocolate, go for those on some deal rather than an expensive Belgian one that costs way too much per bar.
Save fuel costs; carpool with a friend at work or take public transport. Eat out less often and take along homemade lunch to your work. If you find you are easily tempted to buy things you don’t need, get a friend to keep you on track.
Coupons may be best way to save money and get things you want; both at the same time. There are plenty of different kinds of coupons out there and for all sorts of items. You can also buy baby clothing in advance and save some bucks through Ralph Lauren coupons and promos from other clothing retailers offering baby clothing.
If you’re reading this article in the first month of pregnancy, you can start searching for Black Friday sales and other promotions in advance to get the most out of your purchases when you’re nearing giving birth.
There are certain baby essentials, which children grow out of quicker than you think. You would be better off buying second hand or borrowing from another family member. Such items as baby’s strollers, cribs and walkers are all restricted to certain age limits and become storage items after that age is crossed.
It is best to buy them on the cheap from a Just Between Friends Sale or to ask a friend or relative who has had kids and has such items in their storage to lend them to you till your child grows out of them as well. You will honestly save yourself a lot of costs and storage space in the future.
This is a sure shot yet simple way for you to ensure that your child not only has tuition fee covered, but also their dorm room, boarding and everything down to their books and stationary as well.
All the money in this fund is allowed to grow without any taxes applied to it. The terms and conditions to this fund do vary state to state and college to college, but it definitely is a good investment in your child’s future.
Starting a family can be tough on your wallet, but if you plan ahead and are just a little wiser with your expenses, you can definitely manage the change from a couple to a family without getting broke.