Having a new baby can be expensive — and we’re not talking about hospital bills. Between the crib, the stroller, the changing table, baby clothes and diapers, parents can go broke!
Like a lot of moms, when I had my first child, I was determined to buy the best crib, the nicest clothes and the coolest stroller. Soon enough, I realized how foolish I was. My baby barely slept in the crib — and even then, she could care less what it looked like. And she outgrew the newborn clothes within the first couple of weeks.
By child #2, I knew better than to splurge on new baby gear. In fact, we scrapped the changing table entirely and just used a changing pad on the bed.
TheDollarStretcher.com recently featured a “Moms Guide to Saving on a New Baby.” Here are some of their tips (as well as some of my own).
10 Money-Saving New Mom Tips:
1. If you can breastfeed, it will save you hundreds (maybe thousands) of dollars on formula. You may want to splurge on a decent breast pump, but you’ll still save money.
2. Sign up for a new baby registry so that friends and family will actually buy you gifts that you need.
3. Make your own baby food – it’s not as hard as it sounds and it will save you money on jarred baby food (plus, it’s good for the environment!).
4. Accept hand-me-downs from friends and family (although you shouldn’t get a second-hand crib or car seat for safety reasons).
5.Check on Craigslist or a local parenting listserv’s classified section for second-hand baby products.
6. Think twice before you buy baby products. You probably won’t need a baby wipe warmer or a bottle warmer, for instance.
7. Using cloth diapers might help you save money.
8. Consider a baby-sitting co-op so you can get a break without paying for a sitter.
9. Don’t buy baby shoes. Unless your child is walking, he or she doesn’t need them.
10. Find a local consignment store where you can buy second-hand items and sell your own once you no longer need them.
Having a baby doesn’t have to be expensive. Believe me, your baby won’t know or care whether you bought him or her the top-of-the-line crib.
Do you have any other money-saving tips for new moms?
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