Become a Frugal Franny: 5 Frugal Living Tips for Parents

The average American family spends more than $11,000 during the first year of a baby’s life. The total is almost $250,000 by the time a child is 18.

Something new parents want to know is how to save money with a baby. Yes, it is possible to have a baby on a budget. Read on for 5 frugal living tips.

  1. Buy Secondhand

For such a small size, babies sure do come with a lot of expenses: crib, stroller, changing table, rocking chair, high chair, onesies, and the list goes on.

One of the best ways to have a baby on a budget is to buy secondhand items and get hand-me-downs.

With the exception of a car seat, you can buy every other furniture item used. For your baby’s safety, always buy a brand new car seat to ensure it will protect your child in a car crash.

Ask your friends and family if anyone is donating baby clothes or items. Chances are people are happy to get rid of the baby bath and bumbo chairs they no longer need.

You can create a lovely DIY nursery for your baby without paying for the boutique store items.

  1. Choose Free Outings

One of the best tips for parents is to enjoy free outings. A day at the park with a picnic lunch, a hike on a local trail or a visit to an outdoor festival are all great ways to get out without shelling out money.

Make use of your local library for books, games and even electronics like iPads. Mom-and-baby yoga classes and weekly storytime for pre-walkers are all free at the library.

The library also has wooden puzzles and other toys your child can play with while you’re there.

  1. Focus on Needs Not Wants

Another important tip for saving money with a baby is to not fall for marketing gimmicks. Advertisements are designed to make you think you need that educational toy for your child.

But remember that your baby just needs your love and attention. Besides weather-appropriate clothes, diapers and lots of songs and cuddles, your baby doesn’t need much else.

It also helps to use a card that rewards you when you buy the necessities. Learn about a cashback vs a rewards credit card.

  1. Breastfeed Your Baby

If you can, breastfeed your baby. It will save you a ton of money—up to $1,500 in the first year. Plus, it’s convenient, requires no special equipment, and it’s best for baby’s development.

Look for a La Leche League near you for help learning how to breastfeed.

  1. Make Your Own Baby Food

One of the best budgeting tips, whether you have a baby or you’re a singleton living alone, is to learn how to cook.

It’s going to save you a lot of money each week, and it’s healthier too.

Bypass the Gerber aisle when your little one starts solids. Instead, make your own steamed and pureed sweet potato and squash and freeze them in ice cube trays.

When you need one, just pop one cube out and thaw it. Yummy for baby and easy on your wallet.

Frugal Living Tips for New Parents

Thanks for reading! We hope these 5 frugal living tips for new parents help you learn how to budget for a baby.

Once you have your budget, stick to it. You’ll be amazed at how quickly your savings can add up.

Next, check out these 5 smart investing tips for moms.

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.