Thursday, April 20, 2017

Clever Money Hacks for First Time Parents

Tracey Clayton is guest hosting on the blog today, she has great ideas on money saving for first time parents. I am not a first time parent and I loved these ideas. Thanks Tracey

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Parenthood is undoubtedly a life changing experience. The birth of your first child will show you just how fulfilling and rewarding parenthood is. However, together with fun, love and joy, you will also have to deal with some not so beautiful aspects of being a parent. In that respect, one of the things first time parents have to think about is their finances. Money-wise, raising a child is not the easiest thing, especially if you’re used to managing your monthly budget as a couple only. Still, there are several helpful money hacks that can come in handy once you start experiencing parenthood.

The nappy problem

Until they become parents, couples are not really aware of just how much money has to be spent on nappies. So, if you’re set on using disposable nappies, it would be best to look for coupons and discounts. There are various deals and offers that you can get just by signing up online with certain companies. What’s more, you can become a part of a loyalty club and collect rewards. On the other hand, reusable cloth nappies may seem like a lot of work, but opting for those can save you a lot of money, and it’s healthier for your child as well.


Buy second hand

Not every single baby essential has to be brand new. Of course, baby sheets and newborn clothes should be reserved for your child only. However, once you start decorating your nursery, you can save a lot of money simply by getting second hand furniture and other baby items. For example, cribs, strollers, high chairs, baby car seats, etc. don’t need to be brand new in order to be safe and comfortable for your child.

What about clothes?

Honestly, there’s not much you can do when it comes to your child’s clothes in the first six months. However, it’s important to mention that during the growth period between six months and two years, children only have a need for longer – not wider – clothes. That being said, onesie snap extenders can help you adjust your child’s clothes so that the garments can fit them for a longer period of time.

Share your problems

You can talk about this with your friends and family members who have kids, or share the issue on social media pages. There are specific pages that deal with this particular problem. Basically, the majority of parents want to get rid of their children’s unnecessary toys, clothes and other things, and you’ll probably feel the same as your child grows older. In that respect, don’t be reluctant to ask for help. You’ll be surprised at how many people are willing to give away baby stuff just like that.

Earn an extra buck

When the baby comes, one of the parents will probably have to stay at home. So, why not use this time at home wisely and earn some extra money for your child? There are plenty of home-based jobs out there. You can teach online if you’re really skilled in some particular subject, or if you’re blessed with crafty hands, you can sell your arts and crafts online. Moreover, you can apply for a pet sitter on Mad Paws and take care of the pets in the comfort of your own home.


Actually set up a budget

This is the essential part of any money saving hack. Essentially, if you want to be smarter with your monthly budget, you have to calculate it first. Take the time to go through all your must-have expenses. Once you get these out of your calculations, you can see what expenses are not really that necessary in your life. On top of that, couponing, shopping on sales and sticking to your shopping list will help you stick to your planned budget.
You shouldn’t let money steal your happiness as your family gets a new member. However, you shouldn’t look at everything through rose-coloured glasses either. If you want to be a parent, you also need to be responsible. That being said, make sure to utilise the above-mentioned hacks and minimise your money worries.

About author:

Tracey Clayton is a full time mom of three girls. She feels she knows a thing or two about raising happy, healthy and confident kids, and offers helpful advice in hers parenting articles. She’s also passionate about fashion and healthy living. Her motto is: “Live the life you love, love the life you live.”

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