As much as you are excited when you see ‘Pregnant’ on the test, it can leave some mums to be filled with worry about finances. After all, having a baby is one of the costly things you will go through. They need so much stuff, and you are unable to work for a few months which can leave your family strapped for cash. However, there are some ways you can welcome a new baby without feeling the pinch. Therefore, here is everything mums to be need to know about affording a new baby:
Consider what you actually need
You will be surprised how much mums to be buy that they don’t actually need for their little one. They often see something in a magazine or in a TV ad that they think they need. And it can make them splurge on items that are not essentials. They also hear from other mums about items which make them feel they have to hit the shops. But you actually only need a minimum amount when your baby is first born. After all, your newborn is bound to just live in baby grows for the first few months of their life. Therefore, enjoy splashing out on a wealth of fancy clothes for them when they are a bit older. And as for the nursery, remember your little one will be in your bedroom for the first few months of its life. So if you can’t afford to kit out the nursery now, wait until your baby is slightly older and you have more cash to spend!
Look into finance to help you cover costs
If you are struggling for funds for your newborn, you should consider looking into different finance options. For example, you might want to consider taking a loan out which will help you to pay out for items for your new baby. That way, if you look into something similar to secured homeowner loans, you can just pay back the money over time. It can ensure you have enough funds to buy everything you need for your newborn. And loans aren’t the only financial help you can get when you are having a newborn. There are many schemes by the government which can help you to cover the costs. Therefore, contact your local council to find out more about the schemes that could help your family.
Work out a plan
You can also ensure you have everything you need for your new baby by making a plan. You need to write down exactly what you need to get and the cost next to it. By doing this, it will stop any impulse purchases that you might make. After all, you could end up buying something which is much more expensive than you have put down. And then you could end up being left out of pocket. Therefore, write down a list of everything you need and plan when you are going to buy it during your pregnancy. Having a list of items will also help when friends and family ask what they can buy. That way, you can show them the list and then cross out ones they will buy you. It will stop them just buying non-essentials which will sit in the draw when baby arrives.
Consider second hand for particular items
If you have friends who have had babies, it’s worth considering asking if they have any items they want to part with. After all, they might not have used particular items that you could use for your newborn. And certain items such as clothes and toys are fine to have second-hand. After all, it could save you and your other half a fortune when buying items for your baby. You just need to avoid items like car seats and cribs for your baby if they are second-hand. After all, you need the newest ones with safety features to ensure your little one stays safe.
Sign up with baby websites and shops
Signing up to baby websites and shops is an excellent way to get items at an affordable rate for your newborn. After all, they are likely to give you the best deals and discounts on the latest items. In fact, some sites will send you out samples to encourage you to buy from their site. And you are likely to get newsletters with discounts on new items too. Therefore, join up to reap the rewards for your newborn.
Remember to try and put some money away as savings during your pregnancy. That way, you will have a fund to go to during your maternity leave.