Becoming a parent is one of the most expensive financial decisions a couple can make. In fact, it was reported by the Child Poverty Action group that the cost of raising a child until the age of 18 was £75,233. Even as the pregnancy test hits positive, your bank balance will start to feel the effects of a baby!
Whether you’re investing in prenatal classes or browsing baby shops, it has been estimated that pregnant women will spend a total of £1,786 on their baby. However, if you’re looking to save while expecting, the experts at PIWoP - a revolutionary price drop alert tool, have delivered their best money-saving tips.
1. Find little freebies and offers.
When you start to buy for your baby, it’s a good idea to sign up to some retailer’s baby clubs who offer a constant flow of coupons to spend on maternity and baby products. For example, a few good clubs include Sainsbury’s Little Ones or Baby & Toddler Club by Asda. You may even receive some free gifts or samples for joining!
Also, it’s important to look out for regular baby events in high street shops and online retailers such as Tesco and Kiddicare. They often slash the prices on everyday essentials and big-ticket items, such as prams by up to 50%.
2. Avoid buying too much for your baby.
You may be tempted to purchase a gorgeous pack of linen onesies but remember your newborn will grow out of their clothes quick. Instead, we recommend browsing eBay and NCT Nearly New Sales for second-hand baby clothes. Often, the clothing is in great condition and more than half the price of their new equivalents.
However, if you do want to buy new clothing, try supermarkets such as Asda and Sainsbury’s who offer a range of good for value onesies and vests.
3. Be a smart shopper.
As a newborn, your baby will only need a few things for the first couple of months. This includes a cot and a car seat - sometimes even a pram isn’t necessary if you’re comfortable using a sling. Therefore, you can save hundreds of pounds when avoiding buying the non-essentials like fancy comfort cushions and luxury bedding.
When you’re buying online, utilise a price tracker app like PIWoP that will help you find the items you’re looking for at the best price. When using PIWoP, all you have to do is make a list filled with all the items you’re interested in and wait for a notification from us to tell you when they’re discounted!
If you want to find out more information about how to save your money, check out all of our latest blogs.
Or if you haven’t already taken advantage of our price alert service yet, then sign up here. Our price tracker app gives you access to all the best deals on electronics for your baby’s room and helps you find the lowest price on all of your newborn essentials.