When your son or daughter was born, it was undoubtedly one of the most memorable and exciting experiences of your life. As parents can attest, nothing compares to holding your newborn for the first time – a feeling that one can only fully relate to by experiencing it firsthand.
Similarly, becoming a new parent can be a stressful time as well. You’re learning to care for your child and to budget for all of the additional expenses that you previously did not have.
Fortunately, there are a number of ways to help young mothers and fathers adjust for the additional costs. Read on for our 30 favorite money-saving tips for new parents:
Getting ready for a baby shower can be fun, whether you or someone else is handling the planning. Most of the time, the only “work” you have to do is start a baby registry for gifts that you’d appreciate receiving. Although baby registries are optional, they make it easy for guests to select items that you truly want and will use. They also help ensure that you won’t receive duplicate items, thereby saving you the time of having to return items to stores.
Opening a baby registry at one or more stores nevertheless takes forethought, even though you can open the registry online and participating stores provide a “shelf list” of goods that they carry concerning baby.
What exactly will you need? How many of each will you need? Which items are necessities and which are luxuries or frivolous? And besides, what in the world are half of the items mentioned on the store’s “shelf list” and what do those items do? If you’re a first-time parent, the following list of baby registry “must-haves” can be a real new-mother’s helper:
Children aren’t money-savers by nature. If they receive some money as a gift or for completing their chores, they likely may want to spend it on the first thing they can think of if they have not yet learned how much fun it can be to save money.
Early on, it is important for parents to begin teaching kids to save money. One of the best ways to develop a child’s interest in saving money is to provide incentives while at the same time teaching the value of the action.
Here are a few helpful tips for providing incentives:
A number of free shopping apps can help you to manage a budget as well as save money on essential and non-essential items. Start using these seven apps to save money:
1) Search and shop for a particular item. Some apps may be able to help you shop for something you’re looking for. One of them, “The Hunt,” claims to have more than three million friends to help you shop, and explains that by posting a photo of an item or outfit, other people will tell you where to find it, help style it, or where to get it for less money. If you feel so inclined, you can help others do the same.
It can be hard for a young adult to land a job in a chosen field without having had relevant work experience. One of the best ways to build a résumé and work skills is through internships. How to be sure that an internship will assist one’s career? A National Association of Colleges and Employers (NACE) survey found that 65 percent of college grads working in paid internships were likely to receive a full-time job offer.