Three years ago, when I discovered I was expecting my first child, I was determined to be economical. Despite managing to save considerably, I still purchased many superfluous items and incurred unexpected expenses. Now, with the anticipation of a second child later this year, my budget is much stricter. Here are my strategies:
Focus Only on Essentials: After having one child, you really discover what is essential. The only major items we retained from our first child are the crib and changing table, which are still in use. We have no intentions of buying a new crib or bedroom set. Instead, I’ve found a pre-owned Chicco Keyfit 30, a Fisher Price rocker bed, and plan on getting a second-hand Moby wrap. Any other necessary items, I hope to borrow or buy cheaply second-hand, and resell when no longer needed. This strategy is much easier if you have family and friends willing to loan items. Items I won’t be purchasing this time include a baby bath, baby towels and washcloths, bottle sterilizer, bottle warmer, or diaper pail.
Begin Stockpiling Early: With around 7-8 months left before the arrival of my little one, it’s the ideal time to start accumulating essentials. With my first child, I planned to exclusively breastfeed and only use cloth diapers. Although I managed to use cloth diapers for a while, breastfeeding sadly encountered some issues resulting in sudden, expensive formula purchases. With regards to the second child, I still aim to exclusively breastfeed, but also plan on accumulating formula via company coupons. Bargain hunting and buying little by little is the best way to build up a stock of baby essentials. For example, I’ve found significant discounts on top-name diapers at Vons.
Children Are Only As Costly As You Allow: Numerous articles lament the high costs of raising children, stating they cost thousands a year. Indeed, our budget relaxed once the expensive formula was no longer required; however, I never found it overbearingly expensive. I’ve been fortunate to receive many hand-me-downs and I seldom buy anything new. Buying secondhand saves significantly. Rather than showering my child with material goods, we prioritize love and investing time developing a meaningful relationship. Sure, kids naturally incur expenses, but they’re worth every penny. And remember, their costs are directly proportional to what you spend. Do they really need a pricey dress, extravagant birthday party, or costly dance classes?
I’m interested to hear your thoughts. How many children do you have and how do you cut down costs?
