There is a myth going around that having a baby will cost new parents a fortune. Simply put, this is not the case with careful planning and prudent judgement. Parents who are smart and don’t splurge on unnecessary items can actually have a baby and not end up in debt. Here are six tips to ensure having a baby won’t cost you a bomb.
Tip 1 – Breastfeed
Studies have shown that breastfeeding a child during their first year is better for them than alternative options. More importantly, it is also free apart from the breast pump. However, when the cost of this is compared to the cost of a year’s supply of baby formula, breastfeeding is actually a lot cheaper.
Parents of a newborn who have friends with children should ask if they have any spare clothes around. Most parents keep baby clothes, but unless they have another child on the way, they won’t actually use them. Since most baby clothes end up covered in throw up and spit anyway, there is really no reason to invest heavily in them.
Tip 3 – Buy diapers in bulk
For most parents, reusable diapers are not really something they want to consider. The only other way to save money on diapers is to buy them in bulk. The fact remains, the more diapers bought, the more a parent can expect to save. Stocking up now not only puts a few more dollars in the pockets of a parent, but it also ensures no emergency diaper trips to the store are necessary. [Read more…] about Having a baby doesn’t have to cost a bomb!