Raising children is a wonderful experience, but it’s also something that takes a lot of time, patience, and money. Ultimately, if you haven’t had a lot of budgeting skills up until now, the moment you find out that you have a child is when you need to start getting your financial situation under wraps. Raising a child is an expensive endeavour, from the initial loans that you take out to pay for a redecorated bedroom, to the long-term savings for education.
Fortunately, there are plenty of fantastic things that you can do to save money on the things that your baby needs the most. Here’s how to save some serious cash on three essential things for your new baby.
If you can manage it, the most affordable way to feed your baby during the early years is to breast feed. Breast feeding is an excellent way to give your child plenty of must-have nutrients. What’s more, it’s a lot more economical than buying tins of formula every week, even allowing for breast pumps, pads and lanolin! However, it’s not always right for everyone.
Not everyone can manage to breastfeed, and if that’s the case, the best thing you can do is look for formula that you can buy in bulk. There’s also the option to turn to companies that can give you a discount or vouchers for formula too. For instance, with the Boots Advantage Card, you can earn points towards future purchases. A great place to save on bulk buying formula are warehouses such as Costco, although you will need to pay a small amount for membership upfront.
As your child grows and starts to experiment with other kinds of food, you can also consider growing your own foods and making baby food at home. Baby food can cost a fortune, and it’s just as easy to mash up your own fruit and veggies instead. What’s more, when you make your own home-grown meals for your baby, you know exactly what they’re eating.
Buying new clothes for your baby is great – but it’s not something you should be overdo. A lot of first-time parents get carried away when buying clothes for their new arrival, only to find that they have endless outfits that their child will honestly never wear. What’s more, there’s a good chance that many of your friends and family members will buy clothes for your baby as gifts too.
When it comes to buying baby garments, the best thing you can do is focus on getting the essentials sorted. Make sure that you have plenty of onesies and socks if you think they’re necessary. It’s also helpful to have bibs that you can wash and re-use as often as possible too.
Avoid going for anything that’s designer label or branded. Your child doesn’t mind what he or she wears, and the chances are that you’ll spend a lot of money on something that may never get worn.
Another point to keep in mind is that it’s rarely a good idea to stock up on too many clothing items in newborn sizes. If you go for newborn, then a larger child will mean that all of your purchases are suddenly useless. You’ll be amazed how quickly kids grow! Just get a handful of smaller items to begin with.
Finally, remember that while parents like you love to buy toys and gifts for babies, there’s no need to go over the top. Your baby will be just as happy with some shiny paper as she or he would be with an expensive item. Rest assured that you’re bound to get plenty of toys as gifts too. Think about looking online within seller forums and online groups to find cheaper second-hand toys if you want to splash out.
Additionally, keep in mind that you can always go to your local library to borrow books if you want to find plenty of fun pictures to expand your child’s mind. Beyond that, stick to safe and chewable toys that your child can explore as he or she grows, and rattles that will appeal to their sense of sound. If you have any particular items that you want to get for your little one, let your friends and family members know before your baby shower.
What’s more, don’t forget to sign up for mummy and me groups where you and your child can go and play with all the free resources that are available for every parent and child to use. That way, you can find out what kind of toys your child likes best before you spend.