How Do New Parents Manage On A Tight Budget? 3 Tips!

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According to the most recent Cost of a Child Report, the cost of raising a child from 0 until 18 is over £75,000 (almost $100,000 U.S. dollars) for a couple. Thankfully, most parents prepare to tackle these costs, as they agree to start a family. They tend to design a clear budget for their child and keep an eye open for the best-value offers. Second-hand items such as strollers, are a life-saver, for instance. Similarly, knowing other parents who have older children can also save you a lot money with hand-me downs.

However, even though you might be preparing your budget to welcome your first child, there are still expenses that many families forget to take into account. Indeed, having a child changes your life and your household, which can lead to unexpected expenses. If you are planning to start a family on a tight budget, these are the top 3 costs that you also need to throw into the mix:

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You need a new vehicle:

Babies need extra room in the car. You need a vehicle that can offer a spacious trunk – the typical buggy or stroller doesn’t fit in a small urban car, for instance. It’s fair to say that parents need to pack diapers, a change of clothes (or three), food, toys, and cleaning wipes when they go anywhere with a baby. In other words, your trunk should be able to accommodate your diaper bag and a buggy. Additionally, you need to consider the width of your car seats – a baby car seat needs to fit safely in the backseat of your car. In short, new parents often have to consider upsizing their vehicle. However, many parents are surprised to discover that insurance costs vary a lot depending on models and brands! Indeed, you can run comparisons online and read the latest Esurance reviews before choosing the most suitable solution for your family. Make sure to always run a quote before purchasing your family vehicle.

Every celebration has a child-friendly bucket list

With a baby, you discover a new and exciting side for each holiday. Their first Christmas may come along with a holiday bucket list and is likely to include additional clothes, seasonal music, toys, and events that are targeted at babies and toddlers. As a parent, it’s rewarding to make these celebrations special for your child. Nothing replaces the joy in their eyes as they meet Santa or find an Easter egg! But it’s also something you need to plan carefully if you’re working on a tight budget – thankfully many towns have free or discounted celebrations for children if you check with your local council.

Everyone needs healthy food

Last, but not least, many parents tend to switch to organic food – which can make a significant difference in your grocery bill – in order to give their child the best possible start in life. You’re likely to make the switch as you begin to prepare solid food for your baby. The desire to keep everyone healthy comes at a cost; and even though you will notice immediate health improvements, you need to be aware of how it can affect your budget. A cost-effective solution is to buy from local farmers at the market or online – many farmers offer deliveries.

The bottom line is that, of course, you want the best for your child. But preparing and researching your options carefully will make sure that you can manage all indirect costs, even on the tightest of budgets!

What are some money-saving tips you’ve used as a parent with your family?


Margo Dill (luvboxerdogs)

Luvboxerdogs is just my Wordpress name, but these posts are put up by me, Margo L. Dill. I'm a writer and an editor, and this is my site--welcome! I hope you like it and stick around to read what I have to say or even better, some of my amazing guest posters. :)

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