Financial Ideas

Have a Baby Without Going Broke

Most people assume having a baby will cost them their entire savings, and then some.

Worse yet, if you believe the shameless advertising geared towards new parents, you’ll probably spend more than you need to in order to raise your child properly.

Sensible parents only buy things that are absolutely essential for their new baby.

Your baby adores you more than the $600 rocking chair from Pottery Barn, or the five giraffes at the foot of his crib. Stick with the essentials, and your baby will still love you for who you are.

Bringing up a newborn child in a home with financial abundance will be much easier if you implement these basic tips:

1. Work with what you have

Picture-perfect nurseries are nice, but they’re not practical for your budget. Instead of indulging your own desires for the perfect environment for your child, concentrate on necessities that save money for the more important things they’ll need down the road.

  • Don’t build an addition if you don’t have to; make do with the space you have now. If you do have space for a separate nursery, you can still be thrifty. Homemade items and a few coats of paint go a lot farther than pricey store-bought home d├ęcor for a loving yet practical nursery.

2. Create a baby registry

New mothers give baby showers to receive vital necessities they need to raise their child. If you ask, you will receive, and you won’t have to pay out or your own pocket for everything you need right away.

  • Double the power of your baby registries by creating two of them. One baby registry can be for essential items, another for “nice to have” items you can do without if necessary.
  • Ask friends and family members to pitch in on big-ticket items like strollers, cribs, and baby swings. This spreads each person’s spend more evenly for each gift, easing their burden as well as yours.

3. Buy used furniture, clothing, and accessories

Thrift store shopping for babies is nothing to be ashamed of. Choose carefully, clean the items you buy thoroughly, and you’ll create some significant bargains for your new baby’s needs.

  • Most items for babies can be purchased secondhand, except things like plush toys and baby bottles, which are hard to sanitize once used. For those types of baby items, it’s best to err on the side of caution.

4. Stockpile items before the baby arrive

Seek out coupons or sales on items you’ll need in the near future. The earlier you start finding customer rewards programs, coupons, and sale items for your baby, the more money you’ll save.

  • Stock up on things like disposable diapers, baby food, and handy wipes when prices are low. Some coupon offers might even allow you to score some items for free as a bonus.

5. Don’t skimp on quality

You do get what you pay for, and higher quality items like mattresses, strollers, and burp cloths tend to last much longer than cheap substitutes. You’ll use things like this regularly, so by the level of quality, you can afford to avoid having to buy again a few weeks later.

  • If you’re planning on extending the family in the future, spend the money now to buy quality products that will last for many years. You’ll be glad you did when you’re able to reuse baby supplies with children you have later on.

Keep in mind, most luxurious purchases for babies are more about satisfying the tastes and preferences of the parent. It’s hard to deny that a little competitive spirit could be involved as well.

Before you reach for the flashiest baby carriage or that top of the line crib, think about creating a nursery that’s more practical than ready for a feature in Better Homes & Gardens magazine.

In the eyes of your child, it makes little difference how much you spent on their vital necessities. In this case, your budget will consistently tell you that less is indeed more, so save yourself a world of emotional and financial stress.

Focus on your baby’s needs rather than your desires and your baby’s tender years will be more joyous and less financially troubling.


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