3 ways baby proof you money

If you’re thinking of starting a family, know that raising a child can be expensive. A government study said that it takes an average of a quarter of a million dollars to raise a child till they are 18. But that doesn’t mean that you should put your baby plans on hold. Here are 3 ways to baby proof your money.

Plan ahead – Planning ahead can save you a lot of money. The biggest expense in parenthood is housing. For example, young couples may buy a small one bedroom apartment in the city and then realize that they need to move since they want to start a family. This involves selling and repurchasing a new home, together with all the added costs of moving and refurnishing. Instead look at purchasing a home that will serve your needs for the next 10 years or more.

Scope out deals – Look for sales and credit card discounts. For example, if you plan ahead, you can scope out a car seat that you are interested in and wait till it is on discount. It is also advisable not to buy everything new. Instead look at secondhand web sites and local facebook groups for baby items on sale. You could also ask friends and family if you could buy some of their used baby items. For everyday baby items, such as diapers and wipes, look for sales online or in-store and buy them in bulk.

Let other people help you – Family and friends will be more than willing to pitch in to make sure your new arrival is as comfortable as possible. Sign on for a baby registry at Target, Mothercare or Toys R Us and include the details in your baby shower.