Saving for a Baby

Uncategorized

What an exciting time of life! A new baby in the house will bring sweetness, cuddles, joy, and a whole new set of expenses. Diapers, wipes, clothing, car seats, a stroller, a crib, toys, and many more nursery items you probably never knew existed will need to be purchased and ready for your baby’s arrival. These costs don’t even include the money you’ll need to put away to pay medical bills, help cover costs as you take time off of work, and possibly be prepared to pay a nanny or daycare when you’re ready to return to your job.

It’s okay! We understand that it seems like a lot, but here are some tips to help you prepare financially for when your baby makes his or her entrance into the world.

  • Put away a little money each month into a savings account. Getting started on this before you get pregnant is best, but definitely do it as soon as you find out a baby is on the way.
  • When you do your regular shopping, buy a package of diapers and wipes or a set of infant clothes. Buying a little here and there lessens the burden of gathering everything all at once.
  • If you have friends or family offer you gently used baby items, put them in storage until you’re ready for them.

Leave a Reply