Tips for Saving Money for Brand New Parents

Tips for Saving Money for Brand New Parents

Your Budget doesn’t have to go away when you bring your new baby home to your apartment! Here are some of the best ideas we have found for money saving tips with a baby.

Saving Money Pre-Baby

Whether you are in the pre-pregnancy stages or are currently pregnant you can make some moves to help you save money for the next 9 months and beyond. If you have a double-income household, try living off 1 paycheck and putting all of the second income into savings. This will help you save for all the expenses you’ll have after your bundle of joy comes home from the hospital and gets you accustomed to living on 1 income for a while. Even saving half of one income can make a big difference.

Baby Clothes and Maternity Clothes: 

Let’s face it, you will only need maternity clothes for 5-6 months. Look at Consignment Shops in your area for gently used items. After the birth of your child, you can use the material to make something you like that will fit your new figure. Finding deals on baby clothes is possible if you know how to shop the sales. Look for closeout prices on end of season items. If you are expecting in September, look for super low prices on items from last winter and fall in March. Buy then and save for when you need them. Remember to figure for the approximate size your child will need in that future season. It’s always a good idea to go a little big.

Feeding Your Baby: 

Breast feeding a newborn is the ultimate in saving money. But what do you do when they are ready for other foods to be introduced into their diet? We recommend making large batches of mashed fresh vegetables at home. Spoon the mixture into ice cube trays. Once frozen, place them in a freezer bag so they keep fresh and you can use them when you need them. You can do this with fruits like pears and apples too. Making your own baby food will save you a lot of money and you have the added benefit of knowing that the food is free of additives and salt or sugar..

After Baby Comes Home

Diapers- You will buy a lot of These:

Sales, sales, sales!

  • Look for coupons and flyers and stock up when there are sales.
  • Make sure you like the fit and the performance of a particular brand before you buy thousands of them; there are differences.
  • Save on wipes by using cloth and washing them in your washing machine.  You can also opt for cloth diapers and reusable diaper covers.  

Bedding:

If you have a sewing machine or know someone who does, try your hand at making a baby quilt or crib sheets.  They are easy to do and if you buy the fabric on sale will be cheaper than store bought sheets.  This is an item that you can also buy in a second hand store or mother’s swap meet.

Baby Furniture:

Yard sales, mother’s swap meets, church groups and your friends are great sources for large items.  Try contacting a mother’s of twins group in your local area. You'll find that everyone has a set of 2 and happy to sell one at a reduced price.  Some mother’s groups have a lending program.  You only use a cradle for a few months, you can rent it out for a nominal fee and then return when you are done with it.

Apartment Life with Your New Baby:

Now that you are home with your baby, you will find that your routines change.  Arrange furniture so that you will be able to easily place baby furniture in convenient locations.  Maybe your current apartment is now too small.  At first a baby doesn't need much space, but as they grow and acquire more toys and gadgets you will find yourself looking for ways to make everything fit.  If you need to move into a larger apartment that's no problem if you look to southern NH's rental leaders: Red Oak Apartment Homes.  Red Oak has the largest selection of locations, styles and price ranges.  Check out our availability.