Friday, April 23, 2010

5 Cost Saving Ideas for Parents with a New Baby

Having a baby can be a stressful time for any parent no matter how prepared they think they are. And much of that stress can come from the fact that a baby is going to be expensive any which way you do the math. Fortunately, there are ways to diminish the cost of having a newborn, you just have to know where to look and how to do it. Here are some helpful tips on how to save money when it comes to preparing for and supplying a new baby’s needs.

When it comes to a newborn, buying furniture can really suck the old wallet dry. Therefore, consider asking friends and family to see if they have leftovers from when they had children. Chances are, some will have bassinets, changing tables, cribs, play pens, etc. leftover or stashed in garages, basements or attics. If this isn’t the case, the items are too dated, or you fear they may be unsafe, then you might want to try garage sales or second hand stores before buying new.

Clothing & shoes
Much like furniture, friends and family might be happy to relinquish lightly worn clothing that they have been holding onto. Garage sales or resale shops like Goodwill Stores can be wonderfully cheap ways of finding baby clothes as well. When it comes to shoes, many little ones outgrow them before they’ve hardly had a chance to wear them. This can be good news for you since there will be plenty of lightly worn shoes in resale shops just waiting to be picked up cheap.

You might not be aware of this, but Target offers a store brand for diapers, wipes and formula. In my opinion, not only are these items nearly as good as the name brands, they could save you as much as 30-40%.

When it comes to little ones and food -- be careful! Sure, you want to be the greatest parent on the planet and load up on the best of the best when it comes to the nutrients for your tiny tike, but remember, they have to actually ingest the food to have it be good for them. So even if you find a great deal on baby food, it might not be worth buying a lot of it unless you’re sure they’ll eat it…and just because they eat it once doesn’t mean they’ll eat it again.

Once again, friends, family, and garage sales can be a great resource when it comes to toys, so you don’t necessarily want to be in a hurry to run out and buy all the newest and cutest trinkets for your tiny tot right away. And much like food, when it comes to what they like, it might not always be the popular brand or item of the day that truly pleases your little one. They might like swinging a paper towel roll or shredding tissue more than playing with the trendiest of toy.

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