children,  family,  finance,  money

Baby On The Way? Get Prepared On A Budget

Bringing a new life into the world is one of the best times for parents and if it’s your first time, the excitement can be overwhelming. As a parent, you don’t want to think about your expenditures or finances. It has been said a lot many times that having and managing a baby can cost a lot of money. Where they come for free, there surely are necessary expenditures that you cannot afford to ignore. But then again, it is entirely up to you that how you manage your expenses. According to a survey carried out by the Guardian Money, parents in the UK spend up to £1,000 just for the preparations for their babies. We believe that it doesn’t have to be this much costly because humans have been raising their babies safely for thousands of years without using any sort of expensive baby care products and gadgets. Where some of these items can be a necessity, restraining from the spending money on things that are useless can take a huge burden off your finances.

baby-on-a-budget (1)Plan Your Finances Before Your Baby’s Arrival

The best thing to do when planning to start a family is to start saving a little bit each month that will help cover the decline in income because of maternity leave or one of the partner leaving his job to take care of the baby.  Calculate the expenses for the time period you won’t be continuing your job and plan your budget accordingly.

Get Useful Insights From Parents Who’ve Been There
Have a sitting with your friends and family members and get useful tips about what things you would be needing and what expenditures can be useless. Being a parent and managing your baby’s need can only be learned by experience but you will be able to get a list of practical necessities that you will need. It will keep you from spending money on things that might not be so essential or serve the purpose on a longer run.

Make Friends With Other New Parents
You might get to have a lot out of this one. You would not only be able to make some great friends who would’ve shared a special life experience but having parent friends will allow you to cut cost by buying baby products and clothes in bulk. You can also workout play-dates, attend parental training sessions or just hang out together.

Go For New Products Only When Necessary
Babies grow fast so most of the equipment that you would buy will become useless in no time. You can buy a lot of baby products in fairly good condition online, at NCT sales and charity shops for half the price and in some cases, for free. You might have to give a good scrub to some of these use items but the amount of money that you will be able to save will be worth the scrubbing.

Being a wise parent isn’t hard. You just have to look for the opportunities to make the best out of a situation. You can also expect a lot of gifts on your baby’s shower that usually include toys, clothes, baby care products and diapers. These gifts will allow you to try out different brands and you will be able to pick the one that better suits your needs. You can also look for various diapers and baby care product samples online on FreeStuffBaby, who offer the very best free baby stuff.

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