As most of us are aware, being a mom means saying goodbye to a large portion of money which is now channeled into child expenses. Did you know that the average cost of raising a child from birth to the age of 17 in the USA is $233,610? If you didn’t, you may want to start thinking about how you are going to save in other areas in order to come up with these vast sums. Luckily, there are plenty of ways to get smarter with your spending.
Diaper and Milk Promotions
One of the biggest shocks for new moms is the vast quantity of diapers their tiny new bundle of joy gets through. And if they aren’t able to go natural when feeding, formula can cost a significant amount as well.
When it comes to diapers, there is absolutely no need to stay loyal to a brand. Just get the pack which is on sale at that particular time – while ensuring it is the right size for little one. Even better, scrap the disposable one altogether and go for reusable. They are expensive initially, but you’ll save a lot of costs in the long run. As for the baby milk, keep an eye out for vouchers and freebies. A lot of the big brands will offer discounts when you buy in bulk as well.
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Make the Most of Online Deals
If you don’t carry on living some semblance of your old life while mothering your children, you will risk getting fed up. When the kids are napping or at school, that is mom time. If you used to read books or knit in the pre-offspring days, take up the hobby again. If you used to enjoy playing games online, carry on with that too. But when you do, make sure you are getting the best deals so that you don’t end up frittering away your milk money.
With the advancements in technology and the prevalence of smartphones, it’s possible to make the most of your free time without having to arrange child care. For mobile gamers, freemium games are in abundance and it is possible to play a number of titles without spending a dime. For fans of slots and table games, online casinos New Jersey have various bonuses for players to take advantage of in that state. These include no deposit bonuses and deposit match bonuses which basically equate to free playing money. For readers, you can find tons of great books for free at the Open Library without having to worry about finding space for your books.
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Open a Separate Account for Child Expenses
You won’t see any short term savings by opening a separate account and stashing some money away in there each month, but doing this will be a big help in the future when you need to shell out for expensive items. On birthdays and at Christmas it can be easy to feel the pinch, but if you save up all year and use this money to buy gifts, you will thank yourself.
The shocking cost of raising children may look horrifying on paper but, if you spend wisely and save in the right areas, you won’t notice it. Start following these tips today in order to set up well for the future.