How much does a baby cost if you’re frugal? It’s really easy to spend a fortune, but we found it hard to find examples of those who are more careful with their money.
The Big Issue
Money can be up there with the biggest worries for new parents. Baby costs are often cited as a reason why couples decide not to have children.
This is understandable considering the commercialisation of anything baby-related. There are endless gadgets and fashion statements out there for new parents. Clever marketing teams are tasked with guilt-tripping you into buying their products. You’re led to believe that if you don’t buy the latest gadgets your baby will be left behind!
We have previously written about ‘Life Design’ and our approach to creating a life we are happy to live. As with everything, our ideas have begun to evolve and develop. For me, this has been strongly influenced by personal and world events of 2020.
I was originally going to write a review of 2020 from my perspective. After thinking about it I have decided to write a forward-thinking post instead. I want to consider how living through 2020 has affected my/our aims for the future.
Here’s our July spending – our first month as a 3! In early July, we welcomed Baby Way to the world. Fingers crossed our spending for 3 won’t be significantly higher than it was for 2. We’re using reusable nappies, wipes etc so that should really help minimise the cost on disposable items as well as being so much better for the environment. We do expect our energy bill to increase though – the washing machine hasn’t stopped!
Another big help here is the fact we’re now receiving Child Benefit. As he’s our first child, Baby Way will earn us £21.05 per week. This is a pretty big help and we expect it will go a long way to covering all of his costs!
Our total spend for the month was £1,886. Obviously Baby Way has not yet had a big impact on our spending. Long may it continue!!
As we discussed in Our Coronavirus Journey – Part 1, we’ve been gradually adjusting to the changes in or lives since the Coronavirus outbreak started. While many of the implications are negative, we’re seeing opportunity in the adversity.
It would be easy to become overwhelmed and give up in such challenging circumstances. But there will always be new avenues to explore in unprecedented times.
In this article we want to give you an update on how the Coronavirus outbreak and the subsequent Government restrictions have affected all aspects of our lives. This is Part 1 of what we expect to be a series exploring our Coronavirus journey!
We recently made our first large baby purchase, buying a bedside cot from Aldi! Shortly after that, the opportunity arose to buy some second hand reusable nappies. In this article we’ll explain why we decided to go down the frugal reusable nappies route and the potential benefits it can bring.
Preparations
As we continue to prepare for the arrival of Baby Way, we’re thinking about what we will need to buy. Our intention is to continue to live as minimalist a life as possible.
As new parents, there is severe pressure from advertisers to
buy all sorts of gadgets for your baby, playing on your vulnerability and
willingness to provide the best start for them.
We’re convinced most of the conventional baby purchases are
unnecessary and we’ll continue to question these decisions at every stage.
As you probably know by now, we’re expecting a baby in July! As money is our favourite topic, we wanted to understand the financial impact of having a baby!
Aside from the obvious emotional impact of expecting a baby, there are some very significant financial aspects to think about.