Having kids can get very expensive very fast. Setting up a budget and sticking to it is one of the best ways of avoiding financial burnout as new parents. Here are a few other money tips for parents that can really help you save a lot.
Money tips for new parents
Don’t reject those awesome hand-me-downs
Obviously, parents want the best of the best for their kids. But let’s get real here for a second. If you buy everything new in order to create that “dream nursery”, you’ll end up with mountains of debt to pay off a room that your baby doesn’t even sleep in. And yes, you will regret it later on. If anyone passes on second-hand baby gear, take it and thank them for it. We’re talking things like baby monitors, baby baths and even baby clothes. Those things are pretty freakin expensive, and you really don’t need them in brand-new condition since you’ll only be using them for a few months.
You don’t need the 2019 travel system
Prams and car seats are some of the most expensive pieces of baby gear out there. But you can still get the brand you want if you’re willing to buy the range from a year or two ago, and you’ll save a LOT. Think along the lines of a couple of thousand Rands! Don’t try to keep up with the Joneses. It’s absolutely ridiculous to get involved in that silly, competitive game.
Stock up on diapers
Do yourself a favour and subscribe to newspapers and baby stores that inform you whenever they have deals on baby essentials. You also want to ensure that you buy nappies in a variety of sizes since your little human will grow very fast. When it’s time for your baby shower, have someone arrange a nappy braai for your partner. It’s the perfect way to get loads of nappies for free. Remember that nappies can be exchanged, even without a slip if they’re still in their unopened packaging. Just pop into a Baby City near you to exchange the smaller nappies for something more suitable.
Steer clear of the baby section
Whenever something is labelled “baby”, the price seems to skyrocket. You can opt for familiar stuff in other departments too. Small plastic containers for baby food are super expensive. But if you go to the plastic store, you’ll get the same containers for a fraction of the “baby” stuff.
Take the natural route
Baby formula is very expensive. Although breastfeeding comes with an abundance of challenges, it does give you the opportunity to feed your baby for free for the first six months of his or her life. If you can breastfeed, you should definitely do it since it can save you a ton of money. As soon as you start your baby on solids, steer clear of the canned baby food and prepare your own baby meals. It’s cheap and easy to do, plus it helps you avoid all the added sugars and preservatives in ready0made food.