Having a baby isn't cheap. In fact, government statistics estimate that the average middle-income family will spend around $10,000 within the first two years having their first baby. That can be hard to swallow, especially in tough economic times, but there are a number of ways to save money when expecting a baby, from using cloth diapers, to breastfeeding, to creating a budget. Below are some great tips for saving money when preparing to welcome your new bundle of joy.
Make a Budget and stick to it. One way to ensure that you don’t go overboard buying cute baby clothes, when you really should be socking money away for necessities like a crib and stroller are to create a budget. Here is a great baby budgeting tool that allows you to calculate both one-time expenses and monthly expenses. The good news is, if you’re deciding to have more than one baby, you will spend far less the second time around.
Breastfeed if you can. There are a couple of ways this will save you money in the long run. First, formula can cost anywhere from $2,000 to $3,000 when totaled for the first year of a baby’s life. In addition, products you will use for breastfeeding, such as breast pumps, are tax deductible.
Using Cloth Diapers that can be used over and over again can save you a bundle over disposable diapers. Baby products, including one-time use diapers can be expensive. Experts say new parents will spend upwards of $2,000 on disposable diapers before a baby is potty trained compared to spending about $300-$700 on various reusable diapers.
Baby Shower Tricks. Here’s a great trick to ensure that your baby shower guests will buy you more useful gifts like diapers and supplies rather than baby clothes – don’t tell them the sex of your baby. If you can’t bear not telling friends and family the sex of your baby, think about creating a baby registry for the items you really need and ask your guests to stick to it. This will help to ensure that your baby shower gifts are the ones you want and need.
Find Deals. When it comes to the day-to-day expenses of having a baby, it’s always a good idea to search your favorite retailers, mommy blogs and product pages for discounts, coupon codes and other deals. The same goes for products like our very own Blooming Bath for babies. We try to partner with a number of different sites to offer deals to you. Check out our Facebook Page to see the latest discounts and giveaways.