Children are the joy and inspiration of every family. But when having children, all activities in the family from daily routine to financial management are disturbed. Here are some tips to help you save money on child support.
You always want the best for your child as a parent. You want to prepare the foundation from health care, educational methods and a solid financial budget so that children can dream and do what they want.
Today, there are many products specifically aimed at children on the market. The consideration of which product to prioritize, or how to save it, also causes a headache for couples. Below, we would like to share 11 useful tips for couples to plan financially for the birth of a baby, and help save for young parents.
Tip 1: Be aware of possible hospital charges
The cost of giving birth in a large hospital is quite high if you want to find premium services. On average, the cost of a full delivery package for antenatal care, delivery, and postpartum checkups can cost hundreds of millions of dong.
However, if things don’t go well, mother and baby encounter health problems, require medical intervention, the expenses will not stop there.
Tip 2: Pay off all your debts before having a baby
The bigger the baby, the more expenses will pile up. Hospital fees, investment in safer means of transport, and tuition fees, etc. are just a few examples of additional increases. You and your spouse may have almost paid off your debt, but you’re looking to have children, so pay off your debts by paying more than usual.
If you and your spouse normally spend 10% of your monthly income on debt, try raising this to 36%, the maximum recommended amount. Print our trolley repayment tracker to reward yourself every time you complete a small loan. Circle until the cart is filled. If you wonder how to successfully pay off your debts, come up with your own ideal repayment plan for your family.
Tip 3: Use spending management software
When you first had a baby, you wanted to give your child everything in the world, but this was not possible, and then you wanted to give him everything you could. Right after the baby was born, the family added another mouth to eat and also had to calculate hospital fees and buy newborn clothes. Obviously, the family’s monthly spending budget also increases by some amount, however, setting a clear budget plan will help you avoid spending too much on buying a pram or baby toys.
Track your spending habits with the software to know your monthly expenses. Start by calculating your fixed and variable expenses, set savings goals, pay off debt, and track the process. Based on that, estimate how much money you’ll need monthly for your baby if you don’t have a baby yet. Make a note to see for next month how to secure financial expectations as your child grows.
Tip 4: Prioritize the items you need to shop for before giving birth
There are only a few things you need to buy after the baby is born: a bottle, blanket, and crib for your baby to sleep in. Fortunately, these are provided to the family for free by the hospital. Don’t rush to fill your newborn’s wardrobe too soon with cute clothes because your baby’s size may be smaller or larger than expected. Shop for baby coupons available on findcouponhere.net or at the big discounts of the year Black Friday Sale, Christmas Sale,…
Prioritize your pre-baby shopping items such as a secure car seat, a comfortable crib, and feeding essentials. If you and your spouse are still living with your parents, try asking if they have what you need. Print out a newborn baby essentials list to see what you need to buy. Reusing items not only helps you cut your budget, but also helps to protect the environment.
Tip 5: Make the most of re-use
Children grow up very quickly. On average, during the first 6 months of life, a baby grows from half an inch to an inch each month, and weighs two to five times more than at birth. That’s not to mention the family also spends millions of dong for a breast pump and stroller, which can only be used for a few years. Try asking relatives or friends who have just given birth to see if they have any unused items that they can give or give back.
If your loved one doesn’t have much to spare, shop around for second-hand goods such as strollers, slings, or clothes at discounted prices. You should also check at discount stores for products you don’t repurchase such as pacifiers, diapers, and bottles. Doing so will not only ease your expenses, but also help your family pocket a few extra bucks in savings.
Tip 6: Be comfortable with yourself
After giving birth, you just want to be with your baby until you fully recover. Not to mention young children will take up a lot of your time and attention. This can make even the little things precious.
You probably haven’t had your morning coffee or your jeans in weeks. Not to mention that you will always have to accompany your baby in the first years of life.
You should reward yourself every time you can, when you achieve something “trophy”, whether it’s responding to messages during the first week of your baby’s birth or taking your baby out for the first time. Print stickers with parents’ achievements and cut them out and stick them on the refrigerator, photo album, or even on the toilet mirror to record the journey with your baby since he cried.
Tip 7: Look for lesser-known discounts
Come up with some special ideas to save money for your children. In addition to asking the hospital for extra supplies, look to see if the insurance company will pay for maternity health insurance (eg, blocked milk ducts). For many health insurance companies, this is a mandatory cost they must pay. Also, before you go shopping, check the stores’ websites to see if they have coupons.
Tip 8: Negotiate with your friend about babysitting
On average, hiring a babysitter costs at least 400,000 VND for an hour. To save a few million dong to spend a private day for the couple, try asking friends, who also have children, to try to negotiate with them. Not only will you save money on babysitting, but your kids will grow up with a close friend.
To make babysitting easier, give your friend the baby’s health sheet, so the friend can keep an eye on the baby’s health. On the days you plan to ask someone else to babysit, make a note of your baby’s bedtime, mealtime, mood, and visits, if any, during the day. By doing so, when the baby cries, the babysitter will easily know whether the baby is hungry or tired.
Tip 9: Be prepared for the unexpected
When you have children, problems will happen often. So be prepared for such unexpected incidents by always keeping diapers in your mother’s and baby’s bag and even in the car. Each bag must have extra diapers, bucket towels, milk towels, a set of extra clothes to change, lotion and baby food.
Staying ready and prepared will save you money and time looking for things on the go. Double-check your bag weekly and make sure it always has what you need.
Tip 10: Ask a friend to take a photo for you
The cost of taking pictures of a newborn baby usually costs at least about 6 million VND and has to spend hours in the photo room. Why not stay in the comfort of your own home and ask a friend to take the photo for you, and you’ll have your kids’ pictures taken for as little as a free cup of coffee and an extra homemade breakfast.
You should take pictures when it’s close to bedtime. Borrow something cute to decorate your baby’s head with like a headband or hat or choose props to create your own photo. Every 3 to 6 months, ask a friend or relative to document your baby’s growth with pictures. Print our follow-up photos below and attach them to your baby’s photos to keep track of your child’s growth over the years.
Tip 11: DIY
Get creative and make your own baby sling, wooden crib with toy shelf or washcloth for nights out with your parents. Depending on the quality of the goods you buy, you can save up to tens of millions of dong on cleaning clothes every year. That’s not to mention, cloth slings for babies range from 600 thousand to 1.5 million for one and more toys, which costs a lot.
It’s really easy to make your own things for your child. Wet wipes can be made from toilet paper, water, soap, and cooking oil. Diapers can be made from 5 soft cloths, scissors and thread. Not only saves the budget for the family, but also avoids waste. Making your own reusable cloth diapers and buying affordable, reusable diapers is a simple way to both save money and protect the environment.
From the moment your baby is born, you’ll want to spend most of your time playing with your baby rather than taking care of your personal finances. So, plan your family’s budget early so that you and your spouse can both relax and still be able to save to take care of the future of your children. Follow thefinancesolution.us to update the latest articles.
My name is Emma Perez, and I have a keen interest in the field of writing. I have written a couple of articles on various gemstones, fashion and would love to express my opinion on more such stones. Hope it has maximized your knowledge of gemstone jewelry and satisfied your quest to buy Herkimer Diamond Jewelry from an authentic place. We believe in quality and offer the same in our information and products.