In recent years there have been several news stories telling us just how expensive it can be to have a baby. There is no doubt that choosing to have a baby is a major decision that will have a huge impact on your life but there are plenty of ways to help reduce the impact on your finances.
Know What You’re Entitled To
If you’re used to having an income every month, taking time off for maternity is going to affect this. Be sure that you understand what you are entitled to financially from both the government and your employer. You can find this information on government websites. If you are completely aware of what to expect, this will help you plan your finances for the coming months.
Most baby-product brands run great offers for mums and mums-to-be. Sign up to them online and most will send regular discount vouchers and even free gifts. A quick search on the internet will reveal lots of branded mums’ clubs. Baby-food manufacturers in particular often send free products to try.
The Internet Is Your Friend
Take advantage of price-comparison sites to ensure you are getting the best deal available for all your major purchases. Don’t limit this to purchases for the baby either. Take the opportunity to use sites such as SO Switch to review your household financial arrangements and make sure you are getting the best deals across the board. A few minutes spent doing this could save you hundreds.
Nearly New Is Sometimes as Good as New
Expecting a baby is truly exciting and there is a natural tendency for you to want everything you buy for your baby to be shiny and new. Some of the major purchases such as pushchairs and baby furniture can cost hundreds or thousands of pounds but are only used for a year or two at the most. The National Childbirth Trust runs Nearly New sales regularly all over the UK. They are full of baby essentials in almost new condition for a fraction of the cost of new ones. Be mindful of safety and check everything for any damage before buying. Experts recommend that you should always buy a brand-new cot mattress.
Don’t Look Gift Horses in the Mouth
You will be inundated with gifts when your baby arrives. Many of your close friends and family may ask what you would like in advance. Avoid unwanted gifts and prepare a list of items you will need so that some of your essentials are taken care off by others. Also don’t be shy about accepting loans of items from friends who have already had kids. Maternity wear can be expensive and is only worn for a few months so do take advantage of offers.
These are just a few ideas to cut the cost of having a baby. Many of your friends who have had children will have even more suggestions. Take some tips from your friends and you’ll soon find yourself sharing them with other friends.