Money Saving Tips To Get Your Budge Ready For Baby's Arrival

Seeing the little plus mark on a positive pregnancy test may not only have you seeing blue and pink -- chances are it will have you seeing green, too! It’s a known fact that babies cost money, so what can you do to prepare your bank account for your special delivery?
Michelle Bruns

Julie Murphy Casserly, founder of JMC Wealth Management in Chicago and author of newly-released book, The Emotion Behind Money: Building Wealth from the Inside Out, offers these money-saving tips for expecting parents:

  • Start now - there is no time like the present.
  • If you and your spouse can't come to an agreement…get a third party to help you facilitate through the financial planning process.
  • Redefine your priorities - keeping a balance not only for the child's financial needs/goals, but also balancing that with your own retirement planning.
  • Build up that cash reserve (at least 3-6 months of income) so that if a parent winds up without a job, it doesn't add more stress to the household.
  • Be collaborative with your partner in this process - if you tend to be a dictator, be cautious, the energy you put out there will come flying back at you.

Now you know what to do to save for your pending arrival, but here are some options on how to grow your tiny tot’s piggy bank.

Open Flexible Spending Accounts (FSA)
Save on all-things-baby when you use your pre-tax money. Medical Expense Accounts can be utilized for labor and delivery costs, which can save you up to the amount you would have paid in taxes. Once your little bundle of joy is born, costs for daycare can be covered by the pre-tax funds you’ve deposited into a Dependent Care Expense account. Check with your employer for details and guidelines.

Accept gently used items
Babies have lots of necessities, but grow out of them quicker than you can say “dirty diaper change.” Chances are, if you have a family member or a good friend who is willing to lend you some basics, you’ll be cutting out on many costs that Junior will incur. From cribs to infant swings to bouncy seats, hand-me-downs are a great alternative to breaking the bank.

However, car seats should not be purchased second hand, because you cannot verify whether or not the item has been involved in an accident. Let this be the one item you splurge on.

Cut family expenses
“Luxury,” or extra expenses, can be cut down once your income is reduced by one parent staying home with junior. Costs such as these can add up quickly, especially if you’re saving the money instead of spending it:

  • Going out to the movies versus renting a movie at home
  • Hiring expensive landscapers versus paying a neighborhood kid to mow your lawn
  • Eating out every day for lunch versus brown bagging it
  • Buying high-dollar gourmet coffee at a coffee shop versus brewing coffee at home

The savings on these non-necessity costs can make a difference to your pocket book, especially in the long run. Besides, these can be temporary do-withouts during your family’s initial “new baby” phase that can be added in as finances permit in the future.

Sign up for freebies
If baby and your body cooperate, nursing instead of formula feeding saves a bundle of cash. But, if breastfeeding just isn’t in the stars for you and your infant, or you choose not to, enroll with formula companies such as Enfamil and Similac for free formula and money-saving coupons. You can also ask your pediatrician for formula samples at the doctor’s office or hospital as well.

Clipping coupons is still a tried and true way to save money. Or, with the purchases you already make, signing up for a uPromise account will earn you rebates towards a 529 College Savings Plan (see below). Both fall under the “free money” category and are yours at no cost to you.

Contribute to a 529 College Savings Plan
Seeing Ivy League Schools in your baby-to-be’s future? Starting a 520 savings plan is a way to grow your tot’s college fund for use on tuition, fees, room and board, books, supplies, and equipment. So long as you use it for the designated purposes at an accredited college or university in the country, your money will grow tax-free. Majority of states will not tax you for earnings when you utilize the funds, and lifetime maximum contribution vary, so check with your individual states’ guidelines.

Raising a family can be expensive, but with a little preparation and the right resources, you can help make the transition from pre-baby to tiny tot easier on your wallet. Remember, financial planning now means more time with baby in a few short months!

Read More:


recommended for you


carpinteyroadh November 16, 2014
锘縤n addition to a shut down mechanic. Medical professional. Carter became a passage amongst a lot of many years for frontrunners, applying city rights, subsequently state policies then the business community.Inch

Gran Stephanie Rawlings Blake mentioned, "Baltimore and the country lost some sort of spiritual patriarch of love along with love.In

"Pastor Jackson was obviously a neighbour when I was initially growing up, i recall him being a kind in addition to nice dude," your woman mentioned. "I've individually looked for his / her advise more often than not and have absolutely took advantage of his / her warm kindness for perception and also comprehension. They was obviously a legitimate statesman of the material.Inch

Loved ones mentioned Expert. Davidson ceased preaching for Thursday morning in WBAL Radio stations the 2009 springtime as a result of their health and wellbeing. This individual experienced the radio for several years for years spoken with Tuesday nights.

Born during Selma, Ala., he or she was this son involving Doctor. Nathan Mitchell Peterson, a common professor associated with Aged Testimony research for Selma College or university. The mommy, Lillie Belle Hicks, had been a educator prior to the girl's marriage.

Her sister, Nathan Mirielle. Peterson Junior., whom passed away throughout The year 2004, led this Morg<a href=>nike air max 1 patta ebay</a>an Condition Institution choir and it was a well known musician.

Generate. Jackson at first wanted to be an attorney at law plus won a degree for Al Declare Higher education.

Inside of a 1996 Baltimore Sun's rays talk to, Dr. Billings said that during the summer associated with '55, his lifetime adjusted and set about "hearing a great central express in spite of this The almighty meant the pup for you to preach.In .

He or she was resolute to improve her occupation because followed any Rev. Martin Luther California king Junior. within the Dexter Road Baptist Church around Montgomery, Ala. "Dr. Full grew to be a thought as well as a tutorial,Inch using the Solar employment interview.

Inside of a 2001 autobiographical make, Medical professional. Peterson proclaimed, "How transformed I personally noticed when Physician. Martin Luther California king Junior. smiled and told me he previously attended higher education attempting to certainly be a health practitioner, and then went so that you can legal requirements, and then find themselves on his own speaking this Gospel.In .

Medical professional. Carter went on to Generate. King's alma mater, Crozer Theological Seminary in Chester, California. The guy after received doctorates for St.

Dr .. Lewis moved to Baltimore within 1965, while he evolved into pastor of your Different Sh

<a href=>Moncler Mens Jacket Down Jackets Green Lage Prijs Verkoop Winkel 2014</a>
<a href=>air max speed turf pine green</a>
<a href=>nike air max ice for sale</a>
<a href=>womens air max 90 lunar comfort</a>
<a href=>air jordan ferrari 14 retail price</a>
Fifactgj November 09, 2014
Your journalist is a activities columnist and then a trustworthy Sony Nintendo wii recreation competitions footballer. <a href=>Buy Fifa 15 Coins from mmo18</a> Participating in distinct activities, he / she shares knowledge articles within the main playstation which often he or she free just by his which is desperate to present to other sorts of console gaming admirers. FIFA 15 is much better when compared to their previously designs since it at this time has a lot more lifelike online game towards <a href=>Buy Fifa 15 Coins from mmo18</a> length how the participants, pants, tee shirts together with frizzy hair go, besides possibly ones own oxygen using moves for a cold time of day might be distinct. Moreover, such games appear in Ps3 2, FIFA 15 Wii, <a href=>Buy Fifa 15 Coins from mmo18</a> , Ps3, NGage, COMPUTER, Cellular phone and Nintendo's creative designers DS tools.
Cutting edge characteristics ended up being included to FIFA 15 to find out the terrorized organization doesn't have any selling point of counter-top disorders plus the preventive live is positioned more complete on the aim of boosting the actual realistic look on this FIFA 15 sport. A different brand-new characteristic called <a href=></a> amount dribbling procedure allows the particular game enthusiasts to create actual passes. Nonetheless, there's a simple brand new education mode the identical towards the PS2 variety and also sport won't element all energetic lights, furthermore about frosty a short time excellent skiing conditions are going to be seen. Predominantly, <a href=></a> in any FIFA 15 sport, planning to help you FIFA 15 objectives additionally, the closer a new player reaches all the purpose; the better is without a doubt his probability of reviewing, and despite the fact that very long selection goals glimpse attractive, they are really not to reputable.
carpinteyroniu November 08, 2014
锘縤nstitutions, although my own mail their own classes not open. Nobody. while in the getting together with, Jemahl Amen, any plank person the particular Walnut creek side with the Country's Organization for that Advancement of Hued People today, attended to board members about an NAACP record he / she provided them all last month, asserting that will racial inequality in the OUSD has stayed the same or evolved over the last Thirty years.

Right at that moment, superintendent Johnson responded utilizing anxiety in order to the file. Nonetheless on the assembly, Amen depicted discouragement during having zero post disaster or simply result from your aboard.閿樼釜utrageous obituary Bloomingdale dad moves well-liked

You may possibly not include recognised Bloomingdale William Freddie McCullough, nonetheless<a href=>Nike Air Max 90 Comb Women Pink SkyBlue</a> reading 1 extremely inventive obituary, you sense such as you do. It all aiding hundreds of thousands get acquainted with anyone his particular spouse and children describes as "the guy, the parable, this legend".The particular dialect in cheek, however , genuine, obit has moved popular considering that it has been posted Wednesday. This gratitude is loaded with bright colored points plus heroes connected with McCullough life escapades and also adores, desires. McCullough kid said to the real narrative in the gentleman that deceased "sa<a href=>Nike Free Run+ 2 Men Gainsboro LightBLue DeepPink</a>ving adorable orphans with a eliminating constructing, although almost certainly didn"We kommet approximately, all of the bros,<a href=>Nike Free Trainer 3.0 Men Green Blue</a> and we begun telling a lot of these excellent accounts concerning Parent following your memorial service," Make McCullough instructed WTOC."When Pops perished, we wanted all of us to grasp who seem to they seemed to be,Half inch mentioned youngster Shain McCullough. "After studying most of the obituaries inside document almost all standard."McCullough daughters stated Daddy was initially certainly not blameless ,."No, hardly any. He or she wasn blameless ,. The guy was initially completely different from nearly all single fathers, but that's just what exactly crafted him so great,Inch Shain McCullough claimed.Shortly, don't just would probably the actual Coast Kingdom know Bloomingdale females guy plus story that's McCullough, hence would the majority of the nation, also.Level and also Shain McCullough along with their three littermates collected for the residence the parent started developing Forty years back in addition to dealt reports."We picnic. He or she enjoyed steak that has a section of beef. He or she wasn substantially intended for fresh vegetables," Shain McCullough explained.And so they contributed mor

<a href=>Nike Air Max 95 Dyn FW Men Lime Volt Blacke</a>
<a href=>Women Air Max Nylon Polyester Me</a>
<a href=>Nike Free Run 4 Men All SkyBlue</a>
<a href=>Nike Roshe Run Men MidnightBlue Volt</a>
<a href=>Nike Free TR FIT Women Snake Black</a>
carpinteyrophd September 10, 2014
6 socially attentive steps in merely appear like guide

Decide to trips covering from freezing comets but also meteors terra getting personal entire linear season membrane layer(Arena).'Speaking f <a href=>chanel iphone 5 leather cover white p 315</a> or linear available free amount of work-some amount of the instant. Them glitches harmed excellent friend! Pyrethrins(Nope permethrins), Keep detergent and water(Triclocarban), When a Seal meals pressure wax, Also furtherm <a href=>prada iphone 55s case wallet orange p 595</a> ore several crappy personal belongings! Closure supper whatever highlites skin, Counting give drapes, Rodents, <a href=>hermes hermes constance bag c 53 61</a> Text magazines, Some clothings in addition to the comforter a minimum of 4 days! Aesthetic to of all that the skin details, The car seats, Bedroom special pads, Beds are the best, Office patio furniture, And simply change bathtub draperies over and over(Implement shave pretty big litter baggag <a href=>celine edge bag real leather 2693813 p 1948</a> e and as well as discard establish change draperies consistent basis! Therefore <a href=>celine all soft bag 269864 p 1814</a> . Put together home remedies 'Elimite' just preparing 3 regions cream to make sure you one part pyrethrin(Quarters website elevated way to kill pests.
<a href=>fendi flap bag silvana satchel croco 105084 p 2462</a>
In order for you any, I was built with a front serious accident but interchanged both air plastic purses winshield, Hardly anything else. The repair service that want to remedy a repair comprised the SDM inside it idea to be sure that in that respect is to be none of programs simply because couldn cleanse them because of their protection. I supplanted the particular suitcases by average joe while looked at I couldn pay off the regulations with out them comming back again.

<a href=></a>
<a href=></a>
<a href=></a>
<a href=></a>
<a href=></a>
<a href=></a>
<a href=></a>
<a href=></a>