Having a baby can be expensive, but there are ways to cut down on your expenses. When you become overwhelmed, remember this: if you waited until you had enough money, time and energy to have your baby, you would probably never have children. Here are a few ways to ease the strain on your budget, so that you can enjoy your new bundle of joy.

1. Health Insurance. This is one area which is a HUGE concern. Yes, insurance can be expensive, but you will need it. You simply can not afford to cut this cost from your budget. You can reduce insurance costs by checking into HMO policies which have lower premiums and out of pocket expenses. Many states have free shot clinics which can help lower your expenses. If you can’t afford to carry insurance, see if your state has insurance for people in your situation. Many states will cover insurance premium costs if your income is under a certain level.
2. Breastfeed your baby, if possible. If you can’t breastfeed, there are ways to save money on formula. Try to apply for WIC (Women , Infants, and Children), a program designed to help middle and low income families with educational resources and food. You can also save money by buying formula in bulk, clipping coupons, and accepting free samples whenever they are offered. Check with your doctor to see if you can feed your infant a generic formula.
3. Diapers. Store brand disposable diapers can be just as good as the name brand, for several dollars less than their name brand counterparts. Experiment until you find a store brand that works for you and your baby. Clipping coupons also can help to lower diaper expenses.
4. Baby food. You can save a lot of money buy making your own baby food. You can use a blender or a baby food grinder to grind table food for baby. Simply put the puree into an ice cube tray and freeze. Then place the cubes in a labeled freezer bag. When your baby is hungry, you can microwave the food cubes.
5. Clothing. There is no need to buy expensive designer clothing for you little one. You can get most of your baby clothing at yard sales or second-hand stores. If you have a neighbor or friend with slightly older children, ask if she would be willing to send some “hand me downs” your way. Remember that many discount stores also sell inexpensive clothing.
6. Toys. Don’t feel pressured to get the latest and most expensive models. I remember buying expensive toys for my first child one Christmas only to find that she spent the entire day playing with boxes and wrapping paper. Kids don’t need a lot of toys; quality is more important than quantity.

What other suggestions do you have for reducing baby expenses?

Author: Michelle Schaefer

While they are cute and cuddly, they are much more expensive than a new puppy. Your new baby is going to cost you a lot of money with very little monetary return, even though the return of love will be huge. Have you thought about all the costs you are going to have when it comes to your baby, outside of the nursery, diapers and clothing?

1. Health insurance
You should definitely get your health insurance in place before you get pregnancy so that you can make the most of your coverage. You will also want to make sure your coverage includes your prenatal, delivery, postnatal and new and well baby care. Know all the details of your plan. Research the deductible or co-payment that you will have to make at each visit and make sure you have your obstetrician or midwife listed as your primary caregiver, and interview pediatricians so that you’ll know who to list as your baby’s caregiver.

If you plan on delivering at home by a midwife, you will save the hospital costs, but you may have to rent some additional equipment in case an emergency arises. A home birth is normally not covered by insurance plans either.

Don’t forget to add your baby to your insurance policy after he born, or go to your state health department to see if you qualify for health insurance for your child. This plan will help you pay for all of the baby’s delivery and post-natal expenses as well as the numerous well-checks and immunizations required in the first year.

2. Get a will – or update your old one
If you already have a will update it to include your child and the name a guardian for your child and a trustee for her inheritance if something were to happen to you. If you don’t do this the court will name one for you and then divide up your assets according to state law. If you do not have a will create one as soon as you can in order to protect your baby’s rights.

3. Family leave
When you have a baby you will need to take time off from your job. If you are covered under the Family and Medical Leave Act you will receive up to 12 weeks of unpaid leave with continued health coverage. Also, the Federal Pregnancy Discrimination Act “prohibits an employer with at least 15 employees from reassigning you, forcing you to take leave, or refusing to hire you back because you are pregnant.”

For more information on this Act contact the US Department of Labor or the Equal Employment Opportunity Commission, 800-669-4000. You can also contact your state’s labor department for information specific to your area.

4. Child care
Are you or your husband going to be able to stay home with your baby everyday? While this is ideal, it is sometimes not a possibility. The cost of child care is very high, around $150 per week, plus more including taxes if you have a sitter or nanny come to your home.

Look into job-sharing, reducing work hours or working from home for part of the week. Many times you will find that with the cost of child care, it makes more sense to just stay home with your baby, than to spend all your money letting someone else raise them during the day.

5. Taxes
Although your expenses will increase with the arrival of a new baby, your tax burden will decrease. Currently families get $1000 a year in a tax credit per child which helps their total tax amount in the long run. There are different exemptions and special circumstances that can get you more as well.

Raising your baby is going to cost a lot of money, no matter how you look at it. There are several things you can do however to help it be a little bit easier on your check book while still giving your baby the quality he deserves.

Nursery
When you go to register for your baby’s nursery you will probably see a lot of dollar signs. There are all kinds of themed, fancy bedding sets that can cost you hundreds of dollars. That is on top of the cost you have for the crib, dresser, changing table and other furniture items you may choose to buy. In reality the expensive crib bedding will do you little good. It is recommended that you do not use soft comforters and blankets as they can increase the chance of SIDS. Your baby will definitely need sheets and a bumper to protect his head as he starts moving around (before he can sit up), but you can pick up those items very inexpensively, and save the rest of your money for the diapers you are sure to need! 

A crib can be another expensive item. A choice that is growing in popularity is buying a crib that can convert from a crib into a toddler bed. You can even find cribs that convert from a toddler bed into a twin or full size bed for when your baby gets bigger. These are nice because it saves you money down the road when your baby starts eating you out of house and home, and you have school costs piling up.

You can also save money by purchasing a dresser that has an area for changing your baby on top, or one that you can put a pad on to help you change your baby. This cuts out the cost of the changing table that you will not use much probably after your baby’s first birthday. As your baby enters toddler hood and is running and busy you will find that it is often easier to just stop and change your baby where he is playing, or while he is standing, than it is to drag your baby from his toys to his room to change his diaper.

Necessities
While you may think that many things would be great to have, like a diaper wipe warmer, most are actually unneeded and items you could cut out to save a little money. You will definitely need a car seat and stroller, and having a swing and bassinet is a great idea. However the little things like baby food organizers and special dishwasher items are things you can do without. With the exception of the car seat, check out consignment shops and yard sales for the bigger and more expensive items. Generally with a good cleaning, most items could be used again, safely for your baby. Also be sure to check out the recall list put out by the manufacturer of any product that you buy new.

Since your baby is going to grow so fast shopping for clothing at consignment shops, thrift stores or garage sales can save you a lot of money as well. Baby clothes can quickly cause you to go broke if you have to buy them new and because babies out grow them so fast your baby will probably only wear his outfits once or twice before they don’t fit. This is true for most people so you can normally find clean, almost new and sometimes even brand new with tag items at used clothing venues.

Diapers and Baby Food
Both diapers and baby food can be done much more naturally in an effort to keep the max amount of money in your pocket. Disposable diapers are very expensive and alone can take all your money. There are diapering options such as cloth diapering and flushable diapers that can save you a lot of money and some claim will cause less diaper rashes and discomfort for your baby.

Baby food is often around 50 cents a jar on the shelf. It is much more inexpensive to make your own by making extra dinner and using a blender and some breast milk to blend your own veggies and fruits from leftovers. As your baby gets older and stronger you can blend up meats and noodles as well to give to him. You can thin out store bought oatmeal and blend up rice to make your baby’s first cereals. If you choose to do organic food, which is already more expensive, then making your own baby food will save you even extra!

Breastfeeding vs. Formula
Cans of formula are very expensive and can easily be wasted if your baby doesn’t eat as much as you make, or you spill as you are preparing a bottle. Breastfeeding is nature’s way of feeding a baby that is not only the healthiest for the baby but is free! Breastfeeding is the best nourishment that you can give your baby. If you have to use formula be sure to sign up on all the formula websites and look for coupons. You will save a lot of money with coupons and freebies of formula that companies will send you.

Coupons
There are baby coupons in papers almost every Sunday. Whether it is for bath products, diapers or food, be sure to look for these coupons. In the long run the savings will add up! Ask your friends and neighbors to clip their baby coupons for you, or if they don’t clip coupons, ask them if they will give you their batch of coupons. Watch for sales at stores on products you have coupons for, and even watch for stores to do double and triple coupon offers. Take advantage of every money saving offer you can.

When it comes time to start feeding your bay something other than breast milk or formula, you turn to stage one foods such as cereals, fruits and vegetables. The selection is growing however and baby food producers are adding organic baby food to the choices of food you can feed your baby.

Your Baby’s Health
Many parents do not want to introduce their baby to the pesticides and artificial preservatives that are put in fruits and vegetables. They want their baby to be as healthy and pesticide free as possible, and are determined to only give their baby the best. Tests have shown that the pesticides do show up in children and decrease immediately when a child is switched from non-organic fruits and vegetables to organic fruits and vegetables. Long term health benefits are still unknown, but immediate health benefits are high and enough to sway many moms and dads to give their baby organic foods from the start.

Where To Start
Most parents start their children out on rice cereal from the baby food isle. For those that make that choice but want baby food for their baby that is pesticide free, they can choose to start with organic rice cereal. If you are really adventurous you can attempt to make your own organic rice baby food by purchasing organic rice, cooking it per the directions, blending it with breast milk till desired consistency, and serving it to your baby. You can even freeze it in ice cube trays and store it in plastic baggies till you are ready to feed it to your baby.

Organic Fruits and Veggies
After your baby has learned to eat and swallow the baby cereals and it is time to move onto the jarred baby foods, you still have lots of choices in the organic department. There are organic jarred baby foods in all the different stages. Your baby can start out with organic peas, carrots and sweet potatoes for the organic vegetables and organic bananas and apples for the fruits. Organic fruits and vegetables taste the same as the non-organic fruits and vegetables and give your baby a healthier alternative to the already healthy baby food he has begun to eat. As your baby moves up in stages the food changes and more organics are added. As your baby begins to eat table food you can choose organic fruits and vegetables for your table.

Organic foods are the new in “thing” for many families. While they are often a little bit more expensive than your non-organic food, having it available on the supermarket shelves is not only welcome, but convenient.