Smart Saving When It Comes to New Babies

By on March 18, 2014

babyAny day now, I’m going to become a mother to twins! To say I’m excited is an understatement.

This is my first pregnancy, my first time being a parent, and I feel so lucky that my husband and I will be welcoming not one but two new little people into our home very soon!

Because we are very budget conscious, there are so many things we avoided when it came to these babies.

If you are interested in becoming a savvy and financially smart parent, you might be be interested to know the types of items we passed or went without when it came to preparing for their arrival.

Here are some examples:

1. No Designer Clothing

It’s nice that celebrities want to put their 3 month old in $100 Gucci shoes, but really, what baby is going to even keep them on? Even if I was a multimillionaire, I still would not waste money on designer clothing for babies. They grow out of their clothes so very fast! I’m so grateful that we were able to purchase a lot of their clothes inexpensively and of course we got clothing as gifts as well!

2. Very Few Toys

It sounds awful but I didn’t register for any toys for the twins. We still got some from our generous friends and family, but I am hoping we can be a bit minimalist when it comes their toys both now and in the future. They each have a stuffed animal that they received as a gift, and they have a ton of books. I’m sure as time goes on, we will buy a play mat and other accessories, but for now, we’re just going to take each day at a time instead of overloading our house with gear we might not need.

3. Staying at Home

I know that not everyone will be able to stay at home with their children and not everyone wants to, but it’s been a plan of mine for quite some time to work from home so that I can divide my time between caring for my twins and working on my business. I know that eventually I will have to hire a babysitter or someone to help me because of my husband’s busy schedule, but just like with the toys, I’m just going to take it one day at a time and see how it goes.

I knew when I started building my business on the side that there was always the possibility that I would be able to work from home. Luckily, after a lot of hard work, I’ve been able to bring in a full time income from my online endeavors. I’m not sure how I will balance all of my new responsibilities as a mother and freelancer, but many women have done it before me, and so I’ll be looking to them for advice in the coming weeks!

Ultimately, raising kids is a tricky topic to write about because there are so many opinions and so many different ways to do it. These are just three ways that we’ve saved money on daycare and upfront costs by planning ahead and working really hard to create the life we wanted. I’m sure our plans will change along the way, and I’ll be sure to keep you updated!

How did you save when it came to your first baby?

About Catherine Alford

Catherine Alford is a personal finance writer who received a B.A. from The College of William and Mary and an M.A. from Virginia Tech. When she is not writing for other websites on all topics frugal and fabulous, she enjoys sharing her adventures on her blog, Follow her on Twitter @BudgetBlonde or like Budget Blonde on Facebook.

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