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Money-Saving Tips for New or Expecting Parents

June 24, 2020, Author: Tamra Cater

If you’re reading this, you may just had or are expecting your first baby — congratulations! This is one of the happiest times of your life. You and your loved ones are welcoming another member to the family. Even though you’re more than happy to spoil your new baby, you don’t have to break your budget while doing so. 

You may want to buy a top of the line stroller, or all of the cutest onesies and toys a baby would want. Yet, your budget may not have the right capacity for that. Studies even show that by 2025, the baby market may be as high as $16.78 billion dollar industry. But, you can still spoil your newborn without going into the red. Keep reading for Mint’s go to tips and printables that can help you keep your financial goals in check, and done in style! 

Pay Off What You Can Before the Baby Arrives

If you’re still in the early stages of planning for this adventure, consider contributing a little more than you would to your debts. You may still have student loans, car debt, or credit cards sitting on the sidelines. As expanding your family expands your budget, try and free up some extra space before doing so. Print out our stroller debt payoff tracker to keep your eyes on the prize. 

Money-Saving tips for new and expecting parents

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Prioritize Your Pre-Deliver Purchases

As may assume, planning for a baby really takes a lot of planning. If you’re able to, get ahead of the game by purchasing what you and your little family may need. Print out our newborn checklist to make a list, budget for it, and start checking things off. Once you get closer to your due date, you may be more than thankful you did this earlier rather than later. 

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Go Easy On Yourself

Don’t forget to take things slow and easy. Planning for the future can sometimes get the best of you. After delivery, reward yourself for even the littlest achievements you and your little one complete. The first time you put on jeans, or both went on a car ride together — celebrate! Print and cut out our achievement sticks to tape on your mirror, or achievement board every time you do something worth celebrating. 

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Trade Babysitting With Your Friends

For all the date nights, or appointments you want (or need) to attend, consider your babysitting options. If you’re on a tight budget, consider recruiting a family member, or close friend, to help you out for a few hours. Even though you may not be there with your little one, you may still want to track their daily routine. Print out our baby health tracker and have your babysitter fill it out while you’re away to ensure everything is right on schedule. 

Health Tracker Mockup

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Recruit a Friend Photographer

You may not have a few hundred dollars to invest on professional photography, and that is totally okay! Instead, ask a friend or family member to come over for a couple hours and take newborn pictures. You could offer to make them dinner, coffee, or even a sweet treat in exchange for their efforts. Print out our monthly time tracker picture printable to feature in all your images. Over the months and years, you’ll be able to look back and see how fast your little one grew up!

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comments (1)

  • avatar image
    Oh, the joys of the expense of a newborn! We saved a fortune on photos by investing in a decent camera and taking our own pictures - we've created some amazing photoshoots when our children were newborn ... and beyond xxx

    Ashley

    July 2, 2020 Reply