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Wednesday, May 7, 2014

How to prepare for a baby financially?

Costs of having a baby
Baby costs should be included in an annual budget
By Alan Starc

Even though it seems to be a huge expense, initially, preparing for a baby doesn’t have to cost all that money, if you can plan everything well in advance. You might have been extremely worried after reading those heavy stuffs in magazines or seeing those ads in television, but that is not quite true. 

While it is a fact that you need to be all prepared for your little bundle of joy, not only financially, but also from all other aspects, you must take the challenges quite sportingly and should not opt for credit card loans or payday loans even before considering the resources, available at your hand. Here are certain steps following which it will be lot easier to prepare for a baby even when you don’t have a lot of money –
  • Buy used things – While it is quite obvious that you would try your hardest to arrange the best possible things for your baby, it is not always essential to buy brand new things for him/her. There are a number of stores that consign items, strictly for children ad babies and these stores happen to be great source of baby equipments and baby clothes. You really don’t need to be worried about the quality of the products since the owners are extremely strict about what they will accept for sale. Another idea to consider is garage sales where you might find baby clothes in excellent condition only for $1.
  • Keep in mind what you actually need – While visiting the baby section of a departmental store, you might be overwhelmed to see how many dollars you need to spend in order to buy your baby every last equipment! But the reality is you won’t need all of those fancy items. Basic necessities for babies include a car seat, a place for the baby to sleep, blankets for swaddling, diapers, lots of clothes, and alcohol swabs to care for your baby’s belly button. Things like wipe warmer, bottle warmer, changing table and lots of toys or an impeccably designed nursery are really not necessary at all.
  • Wait and see what you get as gifts – Don’t go on shopping for your baby as soon as you find yourself to be pregnant. It is most likely that you will arrange at least one baby shower and there you will receive tons of baby clothes, and all other essential items like towels, baby nail clippers, baby bathtub etc. Again, once your baby is born, you will get many gifts of baby clothes. So please don’t think that you have to buy a whole wardrobe, full of baby items right now.
  • Consider breastfeeding – Apart from offering a number of physical benefits for both you and your baby, breastfeeding also happens to be the least expensive method to feed a baby. Bottle feeding involves the huge costs of baby foods as well as other fittings and it might cause several complications to the health of your baby, which, in turn, will lead you to buy lots of medicines and injections.

Author Bio: Alan Starc is an experienced blogger with finance and travel as his forte. At present, he is specifically writing on insurance and loans. Find out about him at getcashpaydayloansonline.com

Image license: PublicDomainPictures/Pixabay, US-PD

1 comment:

  1. Parenthood is a great thing and it’s necessary to get ready for that not only morally but financially also. With a new family member there come numerous expenses. Of course most parents want to buy the best things for their kids but it’s necessary to stay in frames on your budget. And despite all the expenses it’s possible! There’s nothing wrong in buying used things and also you can get some help from friends who already have kids. Some parents spoil their kids too much and even use cash advance loans online to buy all the necessary things but stay wise and don’t forget that children grow very quickly!