So, if you've happened to click on this post you're most likely wanting to know how to save money when having a baby hence the title. Congratulations! A new baby is an exciting time of your lives, but it is also very expensive. However you don't want to have to worry about money in the first few weeks/months of their lives.
Here are some of my top tips on how you can save whether you have a baby on the way, have recently given birth or already have a tot in tow.
1. Don't purchase a ton of baby clothes as soon as you find out you're expecting or the 20 week scan. Wait until the sales! Lots of selected stores have sales at certain times of the year for example Mothercare, George at Asda, Next and F&F at Tesco.
2. Accept hand-me downs! Family and friends may offer you some of their baby's old clothes and items, don't be ashamed to accept them, it can definitely save you a lot of money.
3. Have a clear out and sell anything on eBay or similar sites.
4. Look to buy second hand furniture or pushchairs if you're on a really tight budget.
5. Instead of purchasing bigger baby items if you don't have the cash right away look into low apr loans rather than taking out store cards or using a credit card. They can be very useful and there are no financial institutions in the middle, you receive a low interest loan and the lenders receive good returns.
6. Breastfeed if you can - you could save at least £500 in the first year.
7. Don't bother buying lots of nursing tops or bras - wait until you have been nursing for a good few weeks before buying more incase it doesn't work out and you've wasted lots of money.
8. Skimp on bodysuits. Most of the time they're never seen under an outfit so is there really any point paying double the price when you can pick up cheap ones from supermarkets which do exactly the same job!
9. Only buy a couple of the same brand bottles before baby is born. They may not take to that bottle and you'll have wasted money on buying too many. You can always get someone to go and buy you more once you're certain you're sticking to those ones.
10. Ensure you're getting everything you're entitled to such as child benefit and tax credits. Click here to find out exactly what you're entitled to.
11. Sign up to baby parenting clubs who offer discounts and the latest deals. Some of these include Boots, Bounty, Emma's Diary, ELC's Birthday Club, 'My Mothercare', Heinz baby club.
12. Use comparison sites to check if you can get your utility bills, car insurance or broadband cheaper elsewhere. You could also look into replacing the boiler with Tempo which could save you up to £340 a year or get solar panels which will also save you money in the long run which you could put in savings for your child.
13. Buy neutral clothes if you're planning of having more children in the future. Some people like to keep their baby's clothes just incase they decide to have another. But what if baby turns out to be another sex? It's a good idea to have a fair amount of neutral clothing too, which will save you money in the long run.
14. Don't bother buying lots of baby shoes! I can tell you now, as much as they look cute your baby doesn't need them! If you absolutely have to buy some don't go crazy one or two pairs is more than enough!
15. Don't waste your money on useless baby products. Whilst you may be getting drawn into adding wipe warmers, nappy bins and video baby monitors these aren't all essentials. Yes they are very handy but you definitely don't need them.
16. Join Amazon Family which entitles you to a 20% discount off nappies, exclusive discounts and offers, You can also get £15 off if you spend £60 or more when you sign up.
17. Stock up on wipes and nappies when there is a baby event. Boots, and bigger supermarkets have their own baby events over the course of the year. These are great for stocking up on baby items as well at essentials like wipes and nappies.
18. Check to see if you're entitled to any coupons or vouchers for fruit and veg or formula.
19. Make your own baby food! - There's nothing more satisfying that making your own baby food and knowing that your baby is getting all the nutrients they need. But it will also save you a lot of money instead of buying pre-made jars which can be expensive!
20. Try Reusable nappies instead of disposable. Not only will it save you a lot of money in the long run but they are also gentler on baby's skin. It's been estimated that parents can save anywhere between £500-£1000 by using cloth!
21. If you use disposable nappies, look into changing to a cheaper brand instead. Supermarket's own brand are a lot cheaper.
22. Sell your baby's toys and items as soon as they grow out of them or stop using them so they are worth more rather than trying to sell two years later after it's been sat in the attic.
23. Try and cut down your weekly shop. This can make a huge difference to your savings if you're able to cut it down and get rid of any luxury items you had on the list. Meal planning will help with budgeting. You could even switch to a cheaper brand or supermarket.
24. Bulk Buy - If you come across any BOGOF offers in baby events or supermarkets it's always a good idea to take advantage and bulk buy on baby toiletries and any other essentials you may need.
25. Cut back on luxury purchases such as takeaways, chocolate or magazine. Put the money you would have spent in a piggy bank instead.
Here are some other ways that I've learnt to budget and save money since becoming a parent.
Do you have any tips to add to the list?* For details on how I work with brands take a look at my work with me page.
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