Babies bring tremendous joy as well as incredibly large bills. You can save a bundle caring for your newborn baby in a variety of ways. Your savings can be used to start a college fund and that would be a truly wise investment.
Infant formula is a necessity for mothers that choose not to breastfeed. Formula is astronomically priced but there are ways to cut the cost. You just need to take a little time and it will pay off in savings.
Sign up on the product’s website. Enfamil, which is one of the major baby formula producers, will mail you Enfamil checks. These checks work just like coupons at your grocery store. They usually send you one each month valued at anywhere between $5.00 and $15.00. Occasionally, you will receive a check for a free can of formula. Utilizing this program will definitely save you some money.
Cloth diapers are really the most cost effective way to go but nobody wants to deal with the stench. Soaking and washing them may wind up cheaper but your time is worth something too. If you don’t mind dealing with this, by all means do so and you will not waste money.
Disposable diapers are more convenient, more sanitary and more expensive. It is possible to save money buying these products.
Scour your newspapers and store pamphlets for diaper coupons. There are usually tons of them available on a weekly basis. These can be combined with rebates for huge savings.
Each diaper company has a website and a rewards program. Huggies has a great rewards program. When you purchase their brand of diapers, there are “Huggies Points” on the product. The buyer can enter the product code to put the points into their point’s bank on the site. The points can be redeemed for coupons or you can play games to win gift cards from Starbucks, Amazon or a variety of establishments.
We all know that taking the baby to the doctor can be costly. We also know that it has to be done for the child’s health and well-being. There are ways to save even at the physician’s office.
Hopefully you have insurance and don’t have to worry about medical bills. For those that don’t have it, you can negotiate with your medical provider. Believe it or not, when you are dealing with getting an infant his shots the doctor is usually good about cutting you a break. Call and explain that you want what is best for your baby but just don’t have that kind of money to lay out. They will probably offer you a payment plan but keep pushing for a discounted rate. If you have used this doctor before, he will more than likely help you out with the price. In the event that your doctor won’t work with you, your local health department might offer free vaccines for your newborn.
College Fund
Every parent wants what is best for their child and that usually means being able to pay for college. It is pertinent that you open a savings account for your child as soon as possible. This will not only be an incentive for you to save for his future but teach your child the importance of personal financial stability.
Even if you don’t have a ton of money, you can still find ways to save for your baby’s education. When you go to the store and pay cash, put the loose change into a jar. Once every month either take the jar to a Coinstar Machine or roll the coins. Bring the money directly to the bank and deposit it into your baby’s account.
Babies and children often get money as gifts for holidays and birthdays. Always get those checks into the bank for his college fund. The best gift anyone can give your baby is a paid education.
This is a guest post from Charles @ CreditDonkey where you can find credit card deals and more ways to save money.  Charles says “remember, financial literacy begins at home.”
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