Congratulations on your new baby! If the news is still settling in, you may not have considered the tremendous costs that come with a new child. Fear not. To keep your budget and consumer debt on track, consider a few of these ways to save money on baby supplies.
How to Save Money on Baby Supplies
Life on a budget can be difficult, especially with the introduction of a new baby. Saving money may seem impossible now that you have seemingly endless new expenses. It’s because of these new baby expenses and the need for additional savings (college anyone?) that make finding creative budget-friendly tricks that much more important. So here are a few ways to keep your credit card debt down while shopping or preparing for your little one.
Baby Shower Registry Money Savers
Everyone knows and probably counts on the wonderful generosity of others at baby showers. I certainly did! If you are lucky enough to have a baby shower, make the most of it to avoid having to buy all your essential baby items yourself, and potentially racking up too much consumer debt.
Research all your baby shower gift registry items, from strollers to pacifiers. Getting the right gift will reduce your need to buy replacements for products that don’t hold up.
Choose stores that offer some kind of incentive for your registry. Stores appreciate you sending hoards of buyers their way. See which stores best fit your needs and the budget of the shower attendees.
Saving Money on Second Hand Baby Supplies
Babies change and grow so quickly that most things don’t fit them for too long. That’s why investing in all new things at full price may not be the most savvy move. I saved a ton of money shopping around at yard sales and consignment stores for baby supplies.
Clothes and blankets are great items to pick up since they can be easily inspected for quality and washed to be good as new. If you have a smart phone, you can look up product information and reviews while you are out shopping. A few dollars here and there will reduce costs and keep you from getting into credit card debt.
Often times the seller at yard sales or consignment shops will know everything or a little something about the items you are interested in buying. Ask questions and test them out. Ask for batteries or a wall plug if you need it.
Avoid Credit Card Debt & Retail Prices for Baby
There will definitely be items you and your baby need at retail locations. When you are shopping retail, it’s easy to use a credit card. Make sure you have budgeted for those trips and can pay the balance so you don’t build up credit card debt. If you tend to overshop, bring cash instead. If you do use a credit card, use one that will give you points or cash back.
Check clearance racks first! There are typically great deals on clothes- baby and maternity. See if the store does price matching or offers additional coupons. Again, use your smart phone to search for online coupons while out shopping.
All these tricks add up to great savings. Each deal can help you stay within your baby supply budget and away from credit card debt. The expenses just keep coming so stay on track early!
To speak to a credit counselor today about budgeting and managing your finances, call 800-769-3571.