Saving Up For Baby

Surprisingly, recent studies have shown that one in five women don’t have their first child until they have reached the age of 35. There are many reasons for this increase, however, the expense aspect has many women and men waiting until they established a career, home, savings, etc. before trying to conceive.
Babies aren’t the only expensive part of getting pregnant. By the time you add of all the time missed from work by the expectant parents, new maternity clothes, additional snacks in the house while she is pregnant, hospital bills, and childbirth classes, you’ve already spent a lot of money, and the baby isn’t here yet!

This article is to help you understand (and not forget) all of the different costs it takes to be pregnant, give birth, and bring your baby home. But first, we will also go over different strategies, methods and tips to save your money.

Tips to Save for Baby

Garage Sales- If you’ve been against garage sales in the past, it’s time to get over it. Garage sales are a great place to find what you’re looking for (especially baby furniture and clothes) when money is tight.

Store Sales- If sales haven’t been your favorite part about shopping, they will be now. It’s important to take advantage of sales, especially when it comes to clothes, toys, learning tools, furniture, diapers, etc. Stocking up on these items can really help to take away stress down the road, especially if money is tight.

Part-Time Job- Being pregnant and a mother can be full-time jobs. However, it’s important for a mother’s emotional health, to get out of the house and away from children for a few days a week. Having a weekend job can increase the monthly income and help your emotional state as well.

No False Labor- It happens more often than you think: A woman goes into false labor, shows up to the hospital, doctors end up sending her home with a $500 bill. Sometimes women are experiencing Braxton hicks contractions, some women are progressing too slowly and someone are actually not in labor at all. Either way, its important to remember that you should make sure you are actually in labor before going to the hospital. Those unnecessary bills can add up quickly.

Coupons- Collect coupons wherever and whenever you see them. If it’s something that you buy, but only sometimes, clip and save the coupon for that time. Most coupons, even though they are expired, still work. Shopping at stores like Wal-mart allows you to bring in and use coupons from any store.

Calculate Costs- Doing this ahead of time, and including the items listed below, plus lost wages can help you understand your budget better as your due date draws closer.
These are just a few different ways you can save money when you’re pregnant and after birth. Being frugal doesn’t necessarily mean you’re being cheap. It simply means that you’re being economical and sparing, and nothing is wrong with that.

Unavoidable Expenses

Hospitals- up to $8,000 if uninsured. This includes pre- and post-natal healthcare and hospital stay.

Support Services- $500-$2500. This can include specialists, doula’s, birthing coach, etc. Many women find it easier to cope with pregnancy, labor and childbirth with the help of a specialist.

Maternity Leave- Varies. This varies due to wages and actual time lost. Most women take 12 weeks of maternity leave, however, some women only take time off for the actual birth.

Maternity Clothes- $200-$500. Having clothes that you can fit into is a must. It’s very important for your emotions that you spend a little money on yourself during the pregnancy. Buying new items that make you look good while you’re gaining the pregnancy weight can help an expectant mother stay positive.

Baby Clothes- Varies. It varies because many expectant mothers receive tons of baby clothes as gifts before or after the baby arrives. However, there are many items like shoes, socks, hats, sleepers, coats and outfits for all seasons that the parents will need to buy themselves. While many parents buy their children brand new clothes, others prefer hand-me-downs. Remember, that your baby will soon be a toddler, who will soon be a pre-teen, who will soon be a teenager. On average, baby clothes cost about $60 per month.

Baby Gear- up to $1500. Most items cost around $100 each, but this cost will depend on which items you buy and where you buy them. Many experts recommend you invest in a good stroller (such as one that converts into a high chair). Carseat, playpen, portable crib, baby carrier or sling, diaper bag, high chair, and a baby monitor are also other items you’ll need to purchase.

Formula- $100-$500 per month. Formula is expensive. That is just another reason why experts recommend breastfeeding for as long as possible. You could even pump your milk and store it for later to save additional money.

Diapers- $70-$100 per month. Depending on where you buy your diapers, prices range dramatically. Buying in bulk or using cloth diapers are great ways to decrease this cost.

Toys- up to $50 per month. Toys can include actual toys, learning material, DVD’s and musical items. These items are great ways to keep your baby occupied and in most cases are necessary. But, allowing your child to play with household items such as pans, whisks and empty boxes is another option that allows you to spend little to no money.

Childcare- Varies. Many expectant mothers are expected to go back to work shortly after giving birth. This could be due to an employer or a need for income. Childcare plays a major role in many parents lives. For full-time care, it’s best to ask a relative or friend who might not charge as much as a day-care service or child care provider. Offsetting work schedules with your partner can also reduce monthly or weekly costs of childcare.

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