Will Having a Baby Make Me Broke?
When you are contemplating having a baby, you envision providing the best life for them; one filled with all the things you didn't have while you were growing up. However, the reality is quite different.
With the current economic state, having and raising a child can get pricey, fast. Between the clothes, medical care, food, and other expenses, you can easily spend a tidy sum even before the baby arrives. However, this shouldn’t keep you from experiencing the joys of parenthood. These thrifty tips can help you identify areas you can cut back on and make things work without breaking the bank.
- 1. Borrow things
Magazines, websites, and tv ads will all tell you that you need to spend a fortune getting the new supplies you'll need for your baby, however, this isn't true. Don’t be in a rush buying a lot of things before you make the news of your pregnancy public. Because once you do, you will get a lot of presents, including clothes, toys, baby furniture and equipment and so on. Women love passing on their things, so take advantage of this and save some bucks.
- 2. Buy second-hand stuff
Babies tend to grow very fast and many parents have loads of newish baby stuff collecting dust in their homes. Garage sales are a great way for such parents to recoup some of their money, and they present an excellent chance for you to get great deals on baby stuff. You can also shop at consignment shops that have baby and children’s items. Since the owners are quite strict about the quality of the items they agree to sell, you can be sure that what you find is in excellent condition.
- 3. Understand that you don’t need everything
The baby section in most stores is always filled with so many wonderful things you might think your baby will need and you can end up spending a lot of money on baby stuff. However, you have to remember that your baby will quickly outgrow those cute outfits you bought, so while some things such as a stroller or a diaper bag are essential, you probably don’t need that cute onesie in six different styles.
- 4. Opt for a home birth
Home births are becoming quite popular because they cost a lot less than a hospital birth. You don’t have to have an obstetrician deliver your baby; you can use a midwife. Seeing a midwife is a lot cheaper, and they provide a peaceful and intimate birthing experience. You should, however, make sure that your midwife is affiliated with an obstetrician in case of an emergency.
- 5. Use cloth diapers
Even after going out of style, cloth diapers are making a comeback and they are even better. While they might seem like a lot of work, you can now buy then in a single package that includes a diaper and a cover. They also switched out the pins for velcro and snaps so there is no need to worry about hurting the baby with a pin. They are very durable and you can use them on your other kids.
It is quite hard to be completely prepared to have a child; however, with these tips, you can minimize the financial impact of your little one’s birth.