Tuesday, October 11, 2016

Saving money...with a new baby!

Congratulations!

You're expecting!

This post goes out to all the folks out there who are bringing new life into this world.  And wondering what even makes sense to buy...

Obviously, I'm not a financial planner and I'm not a child life specialist or anything in between...but if you want my $0.02 on what makes sense to have ready before baby comes here you go:
  • Infant car seat
  • Diapers
  • Wipes
  • A place to throw away diapers and wipes
  • Burp cloths
  • Rock'N'play/Bassinet (try to borrow one of these) or a clean bed
  • Breast pump (nowadays, you can get this through insurance saving you $237)
  • Bottles to store pumped milk or for formula
  • Formula
  • Baby clothes (try to borrow some)
  • Swing (borrow)
  • Swaddling blankets
  • Baby bath tub
  • Towel with a hood
  • Baby nail clippers (Long pointy baby nails turn your baby into Wolverine really fast!
I think that's it. There's some other stuff...like a stroller and cute play mats and a high chair...but all that stuff is for later...not when you first get home.

My recommendation is to register pronto.  Even if you only want cash presents...it helps others who want to give you a present.  Because people love babies and everyone wants to give you a present...and they usually have no idea what you'll need. People like registries with multiple price options because then they don't have to guess or feel like they are buying you your twelfth blanket

Also,  when you register for items (for your wedding or your baby), any items not purchased off your registry are eligible for a 10-15% discount?

I know it's odd to borrow stuff for your baby...but recycle that $#!@^. Or buy used off craigslist and then resell.

How to buy used items?
Try craigslist or those facebook swap and sell pages or ebay.

Great success story?
A friend of mine had twins after already having a five year old. She had heard about this supercool infant seat called the mamaroo.  It's about $200 new!  She bought it for $100 used.  She only used it for about four months.  She then turned around and sold it on craigslist for...$100! Aside from the time it takes to do all this, she got her money back and had no clutter!

Congratulations, again!


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