Having a baby is perhaps the most exciting thing a person will ever do in their life. While it can feel fraught with insecurity and questions, there’s no doubt that any expectant parent is a little bit excited about the possibility of holding their newborn baby in their arms. Most parents just can’t wait!
When you’ve got a newborn though, one of the most difficult things is finding enough money to do everything all at once. For most couples, the reality is much different than the fantasy, and the struggle often begins right away.
If you’ve got a new baby and you’re worried about being able to save money for the future, use this guide to help you save. After all, every penny counts.
Buy Formula in Bulk
Your baby drinks the same type of formula every single day. So why does it make sense to buy just a few days’ worth when you know you’re just going to have to buy more in the very near future? The short answer is that it doesn’t make sense, and if you’re buying formula for your child in small quantities you’re just throwing money down the drain.
Instead, you can buy baby formula online from Chemist Australia or a variety of other companies and have it sent directly to you. Buy a supply for a month or more and you’ll be saving a considerable amount of money that really adds up over the course of a year.
Keep a Parent Home
This is a controversial topic, but daycare can easily cost $30,000 or more for the average couple if you have a child and both parents work. For some couples, that means that it’s actually cheaper for one of the parents to stay home.
The parent that stays home also has the ability to bond with their child in a way they otherwise might not. Building a strong home bond with your child is important, and it could just save you money.
You can always go back to work in a few years when your child is old enough to start attending school so you have some extra income and your career can get back on track. Many couples find that at-home or part-time work is also very beneficial for reducing daycare costs while also making extra money to support the family.
Try Making Your Own Baby Food
Yes, this sounds complicated, but it’s actually much easier than you think. It’s also a great way to keep your baby happy and healthy when they’re old enough to start eating real food items. Use a baby food cookbook and find trusted recipes online for everything from strained carrots to pureed banana mush.