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Money Saving Tips for New Mothers

By on February 13, 2017
Money Saving Tips for New Mothers

Bringing a child into the world is one of the most noble things a woman can do, but it definitely comes with some challenges. Even if you are surrounded by family members and friends who are willing to help, most of the responsibility for raising your new baby falls on your shoulders. The challenges that new mothers face are emotional and physical, of course, but there are financial challenges as well. Keep reading to learn some simple money-saving tips for new mothers.

Reducing Your Medical Costs in the Hospital

When you hold your new baby in your arms for the first time, you probably won’t be thinking about how much your hospital stay is costing you. According to government data, the average cost for a vaginal birth with no complications is over $10,000.

If you have a good health insurance plan, your out-of-pocket costs may be lower, but you should still prepare for a shock when you open your first medical bill. To save some money, opt for a two-person room rather than a private room and say no to add-ons that can cost up to $500 per day. And take advantage of any baby-care items that come with the room – this may include diapers, bottles, swaddling clothes, and more.

Tips for Saving on Baby Clothes

Babies grow up fast, so it doesn’t make much financial sense to buy all-new clothing that will only be worn for a few months. Avoid buying high-ticket items like winter coats until you actually need them – some infants have unpredictable growth spurts and you don’t want to waste the money.

For things like all-in-ones, look for multi-packs and opt for white, when possible, so you can just throw them in the wash with bleach instead of shelling out for expensive stain treatments. You can also ask around for family and friends who have extra clothes they are willing to give away. For nicer clothes, check your local consignment shop for gently used items.

Other Ways to Save Money as a New Mom

If you are going to buy expensive items like high chairs and changing tables, look for models that do double duty – a changing table that also acts as a dresser or a high chair that converts into a booster seat. When it comes to bottles, just buy one or two to start with until you determine which type your baby actually likes – you don’t want to buy a dozen bottles and not be able to return them if your child doesn’t like them.

Ask around to your friends who are parents to determine what products they like before you buy them for yourself and be sure to check return and exchange policies before you buy.

Becoming a mother for the first time can be overwhelming at first but you will get better in time. The best thing you can do is focus on your baby and spend as much time together as you can. Eventually you will fall into a rhythm and become more confident about what you are doing. And remember, there are always people willing to help – you just have to ask!

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