Congratulations! You are having a baby! Having a baby is exciting and scary all in one. With the economy so bad you don’t know if you will have a job tomorrow or not and you just realized you need to have this baby on a budget.
The first thing to do is to relax. You can have a baby on a budget without “needing” anything for baby. Babies take work and love, not thousands of dollars. Babies don’t know how to be materialistic. You can “stick” to a budget and still have a baby.
1. Plan a budget – Having a baby on a budget means you need to plan your budget and stick to it. When planning your budget give a little room for the unexpected. Unexpected occurrences will happen so you need to be prepared by saving any extra money.
2. Needs and Wants – Know what you NEED and what you WANT. Having a baby on a budget involves knowing the difference between when to spend money and when something can wait or you do not really need it.
3. Thrifty Shopping – Having a baby on a budget also requires some thrifty shopping. If something is needed can you buy it at a yard sale, thrift store, or second-hand store? When you have a baby on a budget, you need to shop sales.
4. Baby Showers – Plan lots of baby showers. Having a baby shower can save your budget tons on clothing and little necessities, such as diapers, bottles, blankets, and crib sheets. It’s always good to get things that you want but make sure you ask for gifts that you need when you are having a baby on a budget.
5. Shop while still working – A great plan is to purchase things for baby while you are still working and your budget isn’t as tight as it will be. If you choose to stay at home and raise baby money will be tight and if you continue working you will still be out of work on maternity leave. Before either of those happens, shop for baby while you still have a little extra income.
I knew I was going to be a stay-at-home mom so I stocked up on diapers. Every week I would buy a pack of diapers. It did not matter which size. You can exchange the diapers if you do not open them, but I actually wound up using all of them.
6. Hand-me-downs – Hand-me-downs can be a lifesaver. You may know others who have children and you can ask for their old clothes, or if you really cannot afford clothing, there are churches that will help. Some of the thrift stores will even give you items.
Having a baby on a budget may be hard but it is not impossible. Plan your budget for baby and stick to it.