Your Pregnancy Week by Week Advertising

Baby, Pregnancy, and Parenting Information

8 Ways to Save Money Before Baby Arrives

Although most new parents are completely shocked by the massive amounts of money they need to shell out upon the arrival of a new baby, there are some steps you can take to lessen the financial burden. The very best thing you can do is to take some steps in order to save money now before your baby makes a grand appearance.

In most instances it is usually much easier to save money before the baby comes as opposed to after the baby comes. Take the time before your baby is born to do some saving, even if you can’t manage to save a small fortune.

Here are some tips for saving money before your baby arrives:

1. Don’t get too frivolous with your spending. You will have the urge to spend a lot of money on items for your baby, but the truth is that newborns don’t need a lot of the things parents rush out to buy. You can save yourself a ton of money if you concentrate on age-appropriate items in the beginning. Do you really need a safety gate for a baby that won’t even sit up for a few months?

2. Save money on interest. By paying off as many bills as you can you’re not only freeing up some extra money for after the baby comes, but you’re also saving some money in interest charges. You may be paying more in interest every month than you even realize, especially if you carry a large balance on your credit cards. Make a concerted effort to pay your bills down before your baby arrives and you might even manage to get some bills paid off completely.

3. Earn money with the money you save. If you have a substantial amount of money already sitting in a bank account in case of emergencies then you should do a little comparison shopping to see if there is a different account that might earn you a higher interest rate, and therefore give you more money. This is one of the less painful ways to save some money before the baby arrives, and it is relatively effortless.

4. Consider a temporary second job. You probably don’t want to work a second job after the baby arrives unless it absolutely necessary, but now is the time to take on a temporary job in order to pad up your savings account or pay down some of your bills. After the baby comes there is a good chance that you won’t have the energy to work two jobs.

5. Analyze your budget. When was the last time you actually sat down and scrutinized where your money goes? You may be surprised to find out how much of your money goes to unnecessary expenses. By actually taking the time to look at your budget – and maybe doing a little adjusting – you can probably save yourself quite a bit of money before the baby comes.

6. Downgrade. If you are going to lose an income after the baby comes then you may want to consider that now is the time to move to a less expensive home or get a less expensive car. Do what you can now in order to make the transition to parenthood as easy as possible. You’ll have enough on your plate after the baby is born.

7. Lose some extras. Do you pay for premium cable channels? Do you have a gym membership that you never use? Examine what you might be able to do without and start dropping all the extra services you don’t really need. You might lose a little bit of convenience when you do this – for example, dropping your cable modem and going back to dial-up in an effort to save money – but this is one surefire way to save before baby comes.

8. Compare services. You might be able to save a great deal of money by comparing the offerings of other companies that sell the same services you purchase through another source. When was the last time you did a comparison on your auto insurance policy or your cell phone provider? In some instances, switching from one provider to another can be a very wise financial decision and save you quite a bit of money.

Trying to save some money before your baby arrives is a wise decision because in most instances it’s much harder to save money after the baby comes. If you manage to save up some money before your baby arrives you will be glad you made the effort.

Do you know your baby's birth stone? Birth Flower? How about when you'll be handing over the car keys? Check out our popular Fun Birthday Facts Calculator to discover fun trivia about your baby's birth or due date!

What is your due date or baby's birthday

Leave a Reply

1 Comment on "8 Ways to Save Money Before Baby Arrives"

Notify of

Angelia Theule
7 years 6 months ago

I have been a member of Swagbucks since the first part of July 2010. Since I joined, I have made over 190.00 in amazon gift cards. They are definitely legitimate. As far as viruses or malware, if you do the special offers, be aware that it is NOT Swagbucks that is putting the links out there.. It is the special offers companies (Gambit, RadiumOne, SuperRewards, etc). I just dont do the special offers at all.

Get Your Baby's Fun Birthday Facts

Enter your baby's birth or due date for fun facts including baby's birthstone, birth flower, horoscope, graduation date, "this day in history" and much more!

Baby's birth or due date:

Save my information

Connect with Us

Connect with us on Facebook
Tweet us on Twitter
Stumble Upon Babies Online     Babies Online RSS Feed