8 financial tips for new and future parents

These are multi-billion dollar industries that convince you that you need anything and everything if you want your child to succeed.

Most of these products are lies.

They are designed for Selling a product or service. Don’t fall into the trap!

Here’s what you need to know:

1. You don’t need all of these goods

The Baby Supplies Industry will tell you that you need a dozen diaper bags (actually, you don’t need any diaper bags, they’re just big bags), a Mercedes-Benz cribs, a changing table, twelve diapers and a bunch of other toys and accessories that cost about $15. dollars each.

Amazon ships almost everything to you within two days. You can buy almost anything you need when you need it. There are only three things you need: a car seat, a bassinet, and a diaper.

You will be tired. You will not have clear ideas. You will feel that your child is acting illogical in his likes or dislikes… because it is illogical. There is no reason or reason why he should be loved or hated all the time because he’s a baby.

Don’t spend too much on preparation. You will need this money later.

2. Borrow, then come back

If you have friends or family with children a little older, they will be happy to give you their old clothes. They don’t want that anymore. Some items have resale value and/or sentimental value, but they will keep them (or ask you to return them later).

Unfortunately, most children’s items are worthless to someone whose children are beyond their age.

“They are invaluable to those with young children. The clothes we sent when our children were older have come back to us now that we have a younger child. And the companies that make these products are not happy, but everyone in our circle of friends is.”

We received clothes from friends with older children. We have passed these garments on to our friends and family. Many of these garments have now been returned to us.

And the best part is, if we’re out of stock (and there always is), we don’t feel bad about throwing away a Carter’s One-piece that’s already been used by six families,” says Adorlee Routhier.

3. Buy used when possible

If you accept the premise that a baby’s used thing is much less valuable than a newborn’s, it stands to reason that you should buy as much “used” as possible.

When your children are young, and when you likely have the lowest amount of disposable income, they rarely care if anything is new. And even if they do, it’s only new when you first use it. Then it will become old again.

Kids are interested in riding bikes with their friends, and you can do that with a new or old bike. (But make sure the helmet is brand new, for safety’s sake.)

In the hierarchy of children’s happiness, it is better to be able to play, but with a used object, than not to be able to play. If you ask the question to children in these terms, they will always choose the option used. Also, you won’t feel uncomfortable damaging it, which is unavoidable.

The only things you need to buy new are:

• A car seat — or borrow from a friend, but check the expiration date.
• And of course, wipes and diapers.
• The rest can be used. (And your kids will use it…hardly)

4. Buy a decent but inexpensive bed

You need a crib, but it doesn’t matter what kind of crib you choose, as long as it’s safe. It should be a flat and firm surface.

In a few years, you won’t need it anymore. What other furniture do you buy thinking you won’t use it fast enough? It’s rare to look at furniture with a short lifespan, but when you do, you’re probably buying it from IKEA.

Do you know what not to do with IKEA furniture? Overpay them.

“We bought our bassinet on Amazon and it’s beautiful but not too expensive. Which is good because when our babies started teething they were chewing on wood before we knew we needed protection. For the bar (we don’t want them to eat wood!) we covered it with these soft covers, which they Pulling it to the side and then chewing on the wood…but at least it was an extra step.” Simon Loiseau says.

“This bed is now over 7 years old and still going strong with its third occupant.” Simone Loiseau adds.

5. Return all unnecessary gifts

You can decide what is superfluous, but if you receive a gift, try to return it immediately if it does not seem necessary to you. These gift cards can pay for the things you know you want and take up a lot less space.

You will find that all children are different. Some like chairs that rock, others like chairs that rock. Some love lights and sounds, others hate lights and sounds.

Our first child loved the rug with lights and sounds. He loved the rocking chair. He hated the swing.

Our second child loved the lights and sounds rug. He didn’t like the rocking chair. He hated the swing.

Our third child loved the lights and sounds rug. Hold the rocking chair if it does not vibrate. I love the swing. Garland Auclair explains.

“Luckily, except for the play mat, we borrowed all of these things so we didn’t waste money on something our kid hated. Plus we were able to return them to their owners when we were done.” Garland Auclair adds.

Many of life’s conveniences are likely to make your life more difficult. This baby wipe warmer can turn your baby into a monster as he will get used to the wipe warmer and every change outside the home will be a battle.

This white noise machine…is cool until you forget it. Plus, you can get your phone to play raindrops when you’re away from home and need to drown out real noise.

Now, if your baby is not sleeping and you are trying to find ways to get him to sleep, you can try a white noise machine. But until you get there, don’t offer “amenities” that might get in the way later.

Buy problem-solving things, don’t pre-solve them, because you’ll only create habits that you’ll have to maintain in the future.

6. Put the systems in place now

You will tire, your willpower will be useless, so put your systems in place now.

Simplify and automate your finances as much as possible. Set up bill payments and automatic transfers for savings And all the other systems you’ll need to get your money on autopilot for the basics.

This way you will avoid permanent errorsLike not paying with a credit card. This will lower your credit rating, which will have repercussions that will make your life much more difficult.

You’ll still need to check in periodically, so put reminders on your calendar, but for the most part, you’re only looking to survive the 6-12 months after the baby is born.

7. Understand your health benefits

In the same vein, carefully consider your health insurance benefits. You will experience a qualifying life event when the baby is born. If you wish, this means that you can change certain aspects of your insurance if you wish.

Your health insurance can have a significant impact on how much you pay.

“When we had our first child, it was a caesarean section and a five-day hospital stay. The total cost to us was minimal because we had good health insurance.

When we had our second child, who wasn’t a caesarean and had a shorter stay, we paid more because our insurance went through the drain.

For our third child, who did not have a caesarean section, we again took advantage of health insurance from Maryland and the costs were covered almost completely,” explains Dale Gore.

If you have to pay out of pocket, you better do it Start saving that money Now instead of making up for lost time later.

8. Instead of budgeting, save first and spend later

To that end, you’ll need to keep saving even after the baby is born. This is someone else in your house and emergency fund He will face a whole new set of “emergencies”.

If you’re not familiar with budgeting, this isn’t the time to start. You will not be able to take care of your first child and get used to being on a budget. One of the best ways to budget without getting used to is to save first, then start spending.

This means that you need to make sure that the money is transferred to the necessary places before you start spending on things that you may want. It’s kind of budget envelopes, but requires less paperwork.