Top Savings Tips – New Parents Edition
Are you expecting the arrival of a new baby in the family? Whether you've been ready for a long time or not, this will not only have an impact on your lifestyle but also on your wallet! Did you know that the cost of a baby represents 20 to 25% of a family’s budget?
To manage to get everything your baby will need without breaking your bank, here are some practical and simple tips that will help you save big!
To make sure you save as much as possible, let's tackle the two biggest expenses parents must make: the stroller and diapers. In most families, these items are the most important ones, and it’s where it is possible to make great savings.
Depending on what you're looking for, there are several ways to save. First, ask yourself the right questions. For example, "Does the stroller have to be light so that you can easily bring it with you on the third floor?" or "Does it have to be small, to fit through public transportation?". Once you have established your criteria, let's tackle the savings! The best way to save is to shop on second-hand product sales sites. You can make significant savings by buying second-hand. You can even find the model of your dreams at a fraction its price! Several parents buy strollers, which for personal reasons may not appeal to them when they start using it. Therefore, you can usually find great strollers, in good condition, at a fraction of the price on classified ads. If you do not want to purchase a used stroller, planning is the best option as you can shop during big annual sales. Discounts ranging from 20-40% are not uncommon in specialty stores, especially if you shop during Black Friday or Boxing Day.
Disposable diapers are among the biggest expenses when it comes to planning for a baby's arrival. Did you know that a baby will need between 5500 and 6500 disposable diapers from birth to potty training? Depending on the brand and type of diaper used, it can cost you up to $1,500 to $3,000 per child. To make significant savings, turning to cloth diapers is a wise choice. A new set of cloth diapers and accessories can cost as little as $500. Added to this are subsidies offered by certain municipalities allowing you to reduce your purchase by $100, sometimes even $200*. In addition to that, cloth diapers can be used without problem throughout siblings, or even be resold later. These are other good reasons to opt for this alternative!
Knowing that each diaper takes 300 to 500 years to decompose and that it’s one of the three most thrown away products (along with newspapers and food containers), the cloth diaper option also becomes a more eco-friendly option for the future of our children.
We have just seen the two most important expenses as your baby’s arrival approaches. By following these tips, you can save at least $3,000 (per child!).
Now let’s look at some few more tips:
- Look out for discounts in flyers or online offers.
- Check for sites or businesses that allow you to create a registry. Some of these places offer discounts or even free products.
- Make sure you don't spend on products that won't serve you. If you're hesitant, wait as it's the best way to save.
- Rotate toys and books with your friends; make bins that you can exchange every month with friends who have children of the same age. Baby will be happy to find new toys regularly or to recover a toy that they particularly liked!
- Ask questions to parents around you. They will be able to tell you about products that haven’t been used, as well as their essential favourites. Their answers might surprise you!
- Finally, do not neglect the classified ads for clothes, toys, decorations, furniture and so on! Babies grow so fast, many of these items are often practically brand new and you can get them for a portion of their price.
With all this information, you are now ready to save! Happy shopping.
*To see if your city offers a subsidy, click on this link