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5 tips to have a baby on a budget

By (view all posts by Susan.Yoo-Lee)
at 10:30AM Wednesday April 24, 2013
under Money Saving Tips

Finding out that you're pregnant is one of the greatest news you can get. But with the wonderful news, reality sets in. You may start to ask yourself if you can afford having children or what your diet should be like since you're now eating for 2 or more.

From prenatal vitamins to foods that aren't good for your growing fetus and your checklist for baby essentials, there are a lot of things going on at once.

One thing you'll quickly realize is that having a baby does not come cheap. However, you can make smart choices that will make it affordable.

Here are 5 tips that will let you have a baby on a budget:

1. Don't buy everything. If you're a new parent, going to a baby store can be overwhelming because of the amount of products that are available in today's market. While having many options are great, knowing what you definitely need will keep you on budget. If you need some help, Lynette of Cleverly Simple has her top baby bath time picks that will come handy when you are at the store.

2. Welcome hand-me-downs with open arms. You will save a ton of money by accepting nicely used items from friends and family. Not only will you be saving a ton of money, you'll be eco-friendly by reusing. Mara of Kosher on a Budget also mentions this as tip number 2 for her 8 tips for new moms:baby on a budget.

3. Trade in the disposable diaper for cloth diapers. Yes, the thought of laundering cloth diapers sounds daunting and time consuming, but it's a lot easier than you think. When I started my 2nd child on cloth diaper, I thought it would be misery because I was doing it for the sake of being eco-friendly, but it turned out to be simpler, better for my child, and I saved a ton of money.

4. Shop at resale or consignment shops. If you're not as lucky to receive hand-me-downs or need some extra items, resale and consignment stores have everything from clothing to cribs. You can save up to 80% off retail and they only sell items that are in good to brand new condition.

5. Breastfeed if you can. While this is not an option for everyone, if you can, it's a must! Not only do you save a ton of money from buying formula (they are expensive and costs add up very quickly), it's a very nutritious complete meal for your baby. I use to call it liquid gold because my baby never got sick.

Shopping for your baby can be fun but it can also be overwhelming. Take your time, talk to friends and family and keep it simple. Not only will you buy everything your child needs, you will be right on budget!

(Source: Savings.com)