Money-Saving Hacks from New Parents

11 Money-Saving Hacks from New Parents

February 27, 2019

11 Money-Saving Hacks from New Parents

11 Money-Saving Hacks from New Parents.
11 Money-Saving Hacks from New Parents

Among all the awesome things that come with new parenthood, so come the extra expenses: diapers, clothing, childcare and “adult” things like life insurance—to name a few.

In fact, according to the U.S. Department of Agriculture, raising a child costs an average of $233,610. That’s why so many parents have found creative ways to save on everything from nursery furniture to baby food.

To get the inside scoop on their wisdom, we asked new Babylist parents for their best budget-saving tips—and what they gave us is worth gold.

These easy money-saving hacks will help to maximize your savings as a family. And you can start before your bundle of joy even arrives.

1. Ask for contributions instead of things

In lieu of gifts for special occasions like baby’s first birthday, ask if the grandparents or aunts and uncles would put what they’d spend on some toys towards baby’s college savings fund instead.

Toys and clothes pile up, so this can help you reduce the clutter while preparing for baby’s future.

2. Stock up on diapers

Prior to that little tush’s arrival, have a healthy supply of diapers ready to go. You’ll encounter fewer last-minute runs to the store, which often result in more tempting purchases like cute hats and toys—at full price.

Look for coupons and coupon codes to snag multiple sizes at a discount. If you have the space to store them, put diapers of various sizes on your baby registry and consider buying a package whenever they’re on sale to build up your reserve.

3. Download apps that offer rewards

Several baby rewards apps allow you to trim costs on mainstays like wipes, diapers and clothes. Take surveys, write reviews and shop through the app to receive coupon codes and point system rewards.

Go ahead and earn while you wait at the doctor’s office or snuggle up to feed baby.

4. Opt for gender-neutral

Even if you know baby’s gender, select neutral colors, like green, yellow and gray, for items such as sleeper jammies and nursery decor. You’ll be able to reuse products with any future children, and you’ll have an easier time reselling to other families who can love them for many years too.

5. Keep an eye out for discounts

Several baby must-haves go on sale regularly. Grabbing items on discount, especially ones with bigger price tags, can make a huge difference for your growing family.

Watch for holiday sales, promotional prices, clearance racks and store closings. (Hint: The Babylist deals page is updated all the time with the best deals on baby gear and more.) Even if you have what you need for baby now, take advantage of the deals to get the next size up at a great price.

6. Choose some gently loved items

Babies go through clothing sizes and developmental toys quickly, making gently used items just that: gently used. By shopping second-hand at consignment stores and through online forums, you save plenty of cash without sacrificing on quality. Ask friends and family if you can purchase clothes, video monitors or play gyms they no longer use (why not boost a friend’s budget too?).

Just be sure to disinfect toys and wash clothes before use—and remember that safety items like car seats should always be purchased new.

And when you’re done with the items baby no longer needs, you can resell them and make a few extra bucks, or get store credit to use on items for baby’s next stage.

7. Focus on the essentials (seriously)

While you need plenty of items for life with baby, you probably don’t need as much as you think you do. Talk with other parents to understand which products are must-haves—and which ones are likely to go unused. And remember, the basics are most important: diapers, a car seat, somewhere for baby to sleep safely. Other things are nice to have.

8. Try a baby gear hack

Forgo an expensive diaper bag by converting a bag you already love into one that’ll suit your baby’s needs (think an insulated insert for bottles and a travel changing pad). Choose a crib that converts into a bed for when your child is older or a convertible car seat that takes you from birth to elementary school. And skip the bottle warmer by pouring hot water into a bowl instead.

9. Borrow time-limited toys and equipment

Baby swings, bathtub inserts and developmental toys like activity tables are items you may only use for a few months. As one Babylist parent said, “Don’t buy something at full price that you’re going to use for 8-12 weeks.” Consider borrowing one from a friend to save on cost. Don’t be shy to inquire: moms usually love to share—not to mention clear out gear they no longer use.

10. Make your own baby food

Once your baby hits six months, they’ll be sampling everything from peas to mashed bananas. Instead of flying through dozens of pricey jars and pouches a week, whip up mini meals for them at home. You’ll save hundreds over the long run, and you’ll know exactly which nutrients your baby is receiving. You don’t have to invest in specific baby food makers. Usually, your blender (or even a fork!) will mush that food up nicely.

11. Subscribe to monthly diaper and wipe shipments (or go the cloth route)

A monthly diaper subscription through an online retailer or delivery service ensures you’re always stocked and getting the discounted rate that often comes with a recurring order (plus you save on gas and time by eliminating extra trips to the store).

Investing in cloth diapers is a more substantial cost upfront, but usually saves families hundreds in the long run, especially if you have more than one child.

The journey with your little one is bound to be bright and magical. When you turn a few money-saving tips into habits, you’ll be better equipped to spend that sweet quality time together.

Another way to help save money and protect your child’s future? Life insurance. It can help replace lost income for things like mortgage payments, childcare and education if something happens to you. Learn more here.

Article sponsored by The Prudential Insurance Company of America, Newark, NJ.

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