Simple Savings For Frugal First-Time Parents
Expecting first-time parents are excited to welcome their new addition but might have some stress when it comes to expenses. There are a couple of ways new parents can save money with these frugal first-time parent tips.
New parents should figure out a budget and list of must-have baby products with a majority of these products costing over $250 including all the latest gadgets like a stroller, baby car seat, crib, and more. These tricks and tips will keep costs at a minimum while ensuring new parents have everything, they need without forgetting any important items that might alter the budget.
Some of the most important baby gear can be some of the most expensive and are necessary with some versatile options. The crib is crucial with the best option being a convertible crib that can be used longer than traditional cribs that can be used for children between 18 months to 3 ½ years, talk about a long-lasting investment.
Instead of buying a pricey baby tub, you can utilize your kitchen sink and there are foldable baby bathtubs that are versatile with easy flat storage that’s also great for parents on the go. Changing tables can be pricey but a frugal DIY project can convert a dresser into a changing table that will also provide more storage space.
All parents need a car seat and there are some versatile options like a convertible car seat with some options doubling as a car seat and a stroller. Another important necessity for parents is a stroller with the most versatile option being a stroller that can be used from an age range from baby to toddler.
One of the biggest ways new parents can save money is trying to get second-hand items in good condition with necessary gear and clothes. There are plenty of resources in finding second-hand baby gear at second-hand baby stores, online marketplaces like Facebook Marketplace, or donations from friends and family with lightly used baby products.
Most new parents should try to hold out on shopping for baby gear until after the baby shower that gives them the chance to form a budget around what else is needed before the baby arrives. To have enough time to get everything needed new parents should try to host a baby shower sooner rather than later.
New parents can take advantage of additional savings through all types of insurance that can benefit the whole family. Most health insurance policies can provide a free breast pump that can easily cost over $100 out-of-pocket. New parents can save more with insurance by bundling car, homeowners, and life insurance that is also easier with a single payment for three services at once.
Baby food can be expensive, but more parents are opting to make their own baby food that is of better quality utilizing fresh ingredients and nutrients that can also taste better. Childcare and classes can be costly with private resources but utilizing community childcare or classes are less expensive options.