Yup, a baby takes up lots of money. There’s so much to buy even when your baby is on the way. But if there’s a will, there’s a way. Don’t let your credit card bill freak you out. Prepare yourself before marching into the money-sucking life.
1. Make sure you’re not spending on unnecessary things at the hospital.
Some hospitals charge when you switch on the TV, and they have add-ons like private rooms or staying more days. If you don’t need to, do not opt for that. Also, take the baby care items provided by the hospital, if they allow.
2. Breastfeed if possible.
You’ll need a breast pump, but in the long run, you’ll save a lot as you don’t have to buy formula. If you don’t mind, you can buy a second-hand breast pump from a close friend or family member.
3. Don’t buy too many baby clothes.
Babies grow fast. Like super fast. It’s as if they just grow overnight. Buy just enough for them to keep warm. Another tip: buy unisex clothes so if a sibling is on the way, they can wear it too!
4. Buy diapers in bulk.
Seems like a lot, but babies use them up as fast too. Buy them in cartons and you can save up to 200 bucks per year.
5. Don’t buy toys.
No, we’re not asking you to deprive your child of their childhood or chance to develop mentally. Instead of buying toys, ask from a friend instead – chances are, some of them will have toys laying around after their kids outgrow toys. You can also bring them to the library (which usually has a kids section) or borrow toys from there.