When it comes to spending money on kids, some parents really do not know how to control it. There are parents who spend more than $10,000 on their kids annually. The key point is not whether can you afford it or rather it is really necessay to spend that amount of money. Below are some tips where you can save thousands of dollars:
1. Are the spendings essential?
Only buy items that are practical and not because they are nice or cute to have. Some essential items for baby would be car seats, breast pump, diapers, milk bottles, etc. Some non essential items are tiny pink dress which is nice to have. For new mothers, there will bound be friends or relatives who will offer you baby clothes as gifts. A good practce is to resist filling in the gaps until all the gifts are in. When you shop for gear, look for open-box items to save around 30 percent. When buying online, always check for a coupon code (do a Web search for the name of the store and “coupon”). Remember to consider the cost of shipping.
2. Before you shop, do survey around on the items you are interested in and compare prices. Usually you would be able to get a better deal this way. You be surprised that you may be able to save more than 10% this way.
3. Find out what new parents usually need. Ask around for information. Join message boards like the ones at iVillage or CafeMom, where moms are happy to give recommendations. Check out consumer reviews at Wize.com, Buzzillions.com, and retailer websites.
4. Save 50 percent or more with secondhand gear. Find freebies at Freepeats, Craigslist, and Freecycle and cheapies at thrift stores, yard sales, kiddie consignment shops, and seasonal church consignment sales. Inspect items carefully, and check for recalls at Recalls.gov. Avoid buying a used car seat. The truly thrifty can even pick up used cloth diapers from websites like DiaperSwappers.com. (And consider the cost of driving when making your calculations.)
5. Sign up for coupons. You can receive manufacturers’ coupons for diapers and more by signing up at the sites on this list.
6. Save on consumables. Shop the sales and use manufacturers’ coupons when buying diapers, wipes, diaper rash cream, and formula. Become familiar with sale pricing (it’s predictable), and always calculate the cost per unit so you can spot the best deals. Start stocking up a few months before the baby arrives, but don’t go too crazy. Sales are easy to come by. If you can find a store brand you like, you’ll save 30 percent to 50 percent every time you shop.
Happy shopping.
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