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Thinking of having a baby? Are you already expecting? Not sure if you can afford the additional costs? There is no question that adding that little bundle of joy can add up. A baby means extra expenses so it is important to prepare and spend responsibly.

Here are simple and painless ways to cut costs and lower your financial related stress.


  1. Create a new family budget which includes baby’s first year and begin saving for baby before you get pregnant. It is important to know just how much more you will need and to decide where to get the extra cash. There are several great websites that offer free baby budget calculators. Once you have a new family budget set up try setting aside at least a small amount monthly right away, so you won’t be scrambling to come up with what you need all at once after the baby is born. Create a separate baby savings account to make sure you don’t spend this money ahead of time. You will have other costs come up that you hadn’t planned on, so it is better to start early.


  1. Resist the temptation to buy too much too soon. It is so easy to get caught up in the commercial hype of getting ready for the little one to arrive and sometimes that pressure can cause you to want to overbuy and overspend. Start by making a list of the bare bones necessities for the first three months after birth and begin researching those items to start.


  1. Be sure to create at least two registries at large store retailers to give your friends/family an easy way to get all those smaller and less vital purchases for you. Don’t be afraid to be specific and request that only those items chosen be purchased to make best use of everyone’s time and money. Also check the return policies for those registries so you can get what you really need and not get stuck with another outfit with bunny ears or other novelty items.


  1. Wait for sales, compare prices, and buy in bulk when possible. Do not shop impulsively. Plan ahead for holiday sales or even right after the holidays and ask the sales clerk if that item will go on sale. Take note of the item and cost and force yourself to leave the store to take time to comparison shop. Often you can price check with online search engines. Consider buying ongoing supplies like diapers, wipes, laundry detergent, etc. in at wholesale stores.


  1. Borrow, trade, rent. Don’t be timid about asking family and friends to pass on their child’s used clothes, toys, etc. Or offer to trade these things with each other. It is better for all of you and for the environment. You can also always rent breast pumps and other baby equipment instead of purchasing new.



  1. Make your own baby food. At around 4-6 months when your baby begins solids consider making your own baby food in larger quantities and freezing them in storage containers. You will save on time and money in the end because you won’t buy pricey individual jars or waste time shopping often.


  1. Reassess your family’s medical insurance and determine if you need to change your plan to cover additional co pays and other baby related medical costs. Examine your health plan’s details carefully to make sure all well-baby care will be covered. If it isn’t, consider switching to a health maintenance organization or preferred provider organization that does cover such care if you possibly can.


  1. Plan ahead to pay for legal fees associated with creating a will, power of attorney, and other necessary estate planning once the baby is born. Save some money on legal fees by doing the foot work and creating a draft for the lawyer so they won’t be starting from scratch.