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5 Simple Steps On How To Save Money When Starting A Family


We've all heard how expensive starting a family can be. However don't let that scare you! Starting a family should be fun, exciting and an enjoyable experience.  I am going to share with you today some ways to make that a little bit easier for you.

1. Create a budget - So you're wanting to start a family, have sleepless nights, change dirty nappies and have that family you've always dreamt of. Well first things first you both need to sit down together and decide if you can really afford it. Write down both of your incomes if applicable and then work out how much extra you can afford a month. One of you may need to take on an extra job, extra shifts, or even sell some unwanted items around the house. Work out how much everything is going to cost you. Having a baby isn't cheap! Nappies cost a ton, you will need clothes, cot, pushchair, toys, car seat and thats not even half of it! There are many ways you can save money having a baby for example cloth diapering and also breastfeeding...it's free! Cut out the luxuries, do you really need to eat takeaway every other night, do you really need that handbag or pair of shoes you saw yesterday? You need to set limits on what you can buy. Decide what is best for you and having a budget can work wonders when starting to save money. 

2. Open a savings account - Start saving right away! If you are planning a family the best thing to do after creating a budget for your lifestyle is to save! Having a baby can be expensive lets face it money doesn't grow on trees. You may have to throw in some extra hours at work if you aren't a millionaire or have a high paying job but it will all be worth it in the end. Open a savings account and transfer an affordable amount over at each payday. 

3. Hand me downs - Accept them! I was reluctant to accept hand me downs when I found out I was having Amelia, I wasn't to buy everything new myself but later on learnt the hard way. There is nothing wrong with receiving hand me downs, most of the items are in pretty good condition and if you don't use them you can always hand them down or pass them on the charity to someone who does. Just remember to buy a car seat and cot brand new. 

4. Get help from friends and family - Having a baby means time to celebrate. What a perfect way to get help than from friends and family. They are always willing to help out, whether it be buying gifts, giving you items from their children or throwing a baby shower. Don't be reluctant to accept help from friend and family they care for you and want to help out any way possible!

5. Earn points - If you have a personal credit card it is a fantastic way to save money in the long run and score some free stuff, including cash and even holidays and flights! Why not use the points from your reward credit card and do the weekly shopping! You can also earn points to use for shopping vouchers to treat yourself at top high street retailers. For the best credit card rewards it is a good idea to shop around and see what rewards would benefit you and your family. 

So there's my 5 simple steps to saving money when starting a family for the first time. They may not work for you but I have found them to be a great help when I was pregnant and looking at how to save money and whether we could afford to provide for Amelia. 

Have you got any advice on how to save money when starting a family?

* This post contains a sponsored link. Read my disclaimer here

5 comments

  1. love this post !
    will keep that in mind for when I do start a family !

    Jenn
    www.hello-gutentag.blogspot.ca

    ReplyDelete
  2. Great tips! My husband and I are a little obsessive about saving and have started a great savings plan so we wont be stressed about it once we decide tostart having kids. With all the added hormones worrying about money is probably the last thing we will want to do! :)

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  3. Great tips. I put money away for a while before having Emma. I knew I wanted to take extended time off so I could be with her for the first 6 months and it worked out great!

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  4. I tried to buy small bits and pieces while I was pregnant each week as I got paid so I didn't have to buy everything at the end.

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  5. In the UK you get free dental care while you're pregnant and up to 12 months after, so it's a good idea to get any problems sorted out during this time. Your child also gets free dental care until they're 18!

    ReplyDelete

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