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Budgeting for Baby: 13 Money-Saving Strategies

Small savings add up when it comes to life with a new baby.
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Oh Baby, What Savings! continued...

Don't buy everything at once. Think about your immediate needs for your newborn, and purchase just what your baby will need in the first few months. For example, when your baby first comes home, he or she can sleep in a cradle or bassinet in your room. This means you can hold off on that crib purchase until your little one gets a little bigger. You also won't need a high chair right away. Just be sure you have your car seat purchased and installed before you go to the hospital.

Buy diapers in bulk. Your cost per diaper is cheaper when you buy in bulk.  And you'll go through them so quickly the first year that buying in bulk will also save you time and gas by not having to run to the store so often to replenish them.

Breast is best for your budget. Nurse your baby if you are able. Not only is it healthy for you and your baby, it will save you money on the cost of formula.

Make your own baby food. Get a small food processor and make your own baby food from fresh fruits and veggies. It's a lot cheaper than most baby food found in the store. Just be sure to freeze any leftovers so they don't spoil.

Put your money where it matters. Spend your money on safety items like car seats and cribs. Manufacturers constantly update these items with the latest safety features, so it's best to buy new.

Clip out, click on coupons. Comb through your local paper and flyers for coupons on baby supplies. You can also sign up online for coupons from your favorite manufacturers, and while you're at it, look at online social sites just for moms. Many of them offer special deals on baby purchases that can save you money.

Think "something borrowed." Ask friends and family with older children if they have anything they aren't using. Most will be more than happy to pass on baby clothes and other gear. You can also borrow things like a changing table (you'll want to buy a new pad for it), a highchair or booster seat, baby slings or backpacks, and a dresser.

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