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10 Sanity-Saving Tips to Save Money Before Baby Comes

how to save for a baby

As a new parent-to-be, you’re likely feeling overwhelmed and excited about the arrival of your little one. But along with the joy comes a lot of practical considerations, including how to save for a baby and budget for the added expenses that come with your little bundle of joy.

While it’s normal to feel anxious about money, there are steps you can take to ensure that you’re financially prepared for your new arrival.

Here are 10 sanity-saving tips to help you save money before the baby comes:

How to Save Money for a Baby Step #1: Budget!

The first step in figuring out how to save money for a baby is to have a clear understanding of your financial situation. Make a budget that includes all of your income and expenses, including the additional costs of having a baby.

Be sure to factor in things like diapers, formula, and baby gear. Once you have a budget in place, do your best to stick to it. This may require some sacrifices, such as eating out less or canceling subscriptions, but it will be worth it in the long run.

For tips on creating a budget, I recommend reading “BEGINNER’S GUIDE TO BUDGETING” by one of my favorite creators, Tori Dunlap, of the website “Her First $100K”. Love her!

Shop around for the best prices

Don’t just accept the first price you see for baby gear and supplies. Take the time to shop around and compare prices at different stores and online. Don’t be afraid to negotiate or ask for a discount, especially if you’re buying in bulk or using a store credit card. You may also want to consider purchasing gently used items, such as clothes and gear, to save money.

Take advantage of discounts and deals

There are many resources available to help new parents save money. For example, many hospitals offer discounts on baby gear and supplies to new moms, so be sure to ask about any available discounts. You may also be able to save money by signing up for store loyalty programs or by using coupons and promo codes when shopping online.


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Cut unnecessary expenses

Take a close look at your budget and see where you can cut back. This might include canceling subscription services, cutting back on eating out, or reducing your entertainment budget. Every little bit helps, and these small sacrifices can add up to significant savings.

Build an emergency fund

It’s a good idea to have an emergency fund in place before your baby arrives, in case of unexpected expenses or financial setbacks. Aim to save at least three to six months’ worth of living expenses in case of an emergency. This will give you a financial cushion and help reduce stress during an already hectic time.

Use cash or debit cards instead of credit cards

Credit cards can be convenient, but they can also lead to overspending. Consider using cash or debit cards for your everyday purchases to help you stay on budget. This will also help you avoid accruing credit card debt, which can be difficult to pay off with a new baby to care for.

Pro Tip: Look for debit cards that offer discounts, cash-back, and/or other benefits

Take advantage of employee benefits

If you’re employed, be sure to take advantage of any employee benefits that may be available to you. This might include a flexible spending account (FSA) for medical expenses, a 401(k) for retirement savings, or a company-sponsored health insurance plan. These benefits can save you money and provide financial security for your family.

Start saving for your child’s education

It’s never too early to start saving for your child’s education. Consider opening a 529 college savings plan or setting aside money in a separate savings account. Even small contributions can add up over time and help reduce the financial burden of paying for college.

Look into government assistance programs

If you’re struggling financially, there may be government assistance programs available to help you cover the costs of having a baby. This could include programs like Medicaid, the Special

Supplemental Nutrition Program for Women, Infants, and Children (WIC), and the Children’s Health Insurance Program (CHIP). These programs are designed to provide low-income families with access to healthcare, nutrition, and other necessary resources.

Don’t be afraid to ask for help

It’s okay to ask for help if you need it. This could include reaching out to family and friends for financial assistance or support with childcare or looking into community resources such as food banks or diaper banks. Remember that you don’t have to do everything on your own – it’s okay to accept help and support from others.

By following these tips, you can save money and reduce stress as you prepare for the arrival of your little one. With a bit of planning and preparation, you can feel confident and financially secure as you embark on this exciting new chapter in your life.