New and young parents are more likely to fall victim to common money mistakes like buying all the latest (and usually expensive) gear, gadgets and gizmos for their new bundle of joy. But there are ways to get around shelling out tons of money while still getting the products for your baby you desire. Check out these five ways to save on new baby costs.
DIY – Social media platforms like Youtube and Instagram, and blogs have made it super easy to learn a new thing or two. Instead of running out and spending money, jump online and find free, easy tutorials on repurposing things you may already have to create new things for your nursery. It’s free or cheap, and it’s a fun project to tap into your creative side. Take a look at this armoire turned changing table.
Buy Second-Hand – It’s easy to get caught up in the excitement of becoming a new parent and splurging on all things adorable and tiny that you pass in your favorite stores. But before you go into a credit card swiping frenzy, consider buying second-hand items to save a few bucks while still getting quality products. Babies grow quickly so spending loads on apparel can ultimately turn into a waste. There are tons of parents who are happy to pass on pieces their little ones have outgrown. Most likely the clothing is very gently used and sometimes never used at all! Check out this directory to find consignment shops and websites that fit your style.
Buy Convertible Pieces – If you do decide to splurge on bigger products, be sure to get the most bang for your buck by opting for convertible pieces. Why buy three separate items when you can get one that does all the functions you need? For instance, instead of buying a simple crib, invest in a crib that converts into a toddler bed like this 4 in 1 crib.
Take Your Time – Before making purchases, especially big or bulk purchases, take your time to do your research. When you skip out on research, you miss out on deals, savings or even better products. It’s also important to take your time when buying multiples because sometimes buying in bulk can backfire. Every child is different so some experience growth spurts sooner, or some may reject certain products like baby bottles that others loved.
Sell – Selling doesn’t necessarily help you save but it can help you get some of your money back from new baby expenses. Consignment shops work both ways, so if you’ve found awesome products at a consignment shop, chances are other parents will love your gently used pieces as well.
We know there is tons of temptation out there when it comes to baby products, but remember the bigger picture before splurging. You’ll be taking care of another human for at least the next 18 years and it won’t be cheap! If you’re not sure about something, it’s also a good idea to tap into your network of other parents for tips and advice on budgeting for baby and ways to save on everyday expenses as well.
The third-party companies included in this post are not affiliated with KidzStuff. KidzStuff has not received any compensation for the mention of these applications and is not endorsing any of them. The mention of these third-party sites are merely suggestions.