Baby Gear – Saving Money

I think we can all agree money and finances are a huge stress for most people! I’ve talked before on the blog about how I save and what I use to keep my finances on track and in the black.

Now it’s not huge surprise babies are not cheap! They come with a lot ofupfront costs which can be a little overwhelming if you’re unprepared. Nine months seems to just fly right by and before you know it, baby has arrived.

Now before we decided to get pregnant, we saved up quite a bit and used a lot of the money people gave us as wedding gifts to start saving for baby expenses, which we both knew weren’t too far down the road.

Babies grow quickly, this is a fact. Therefore they outgrow clothing and equipment FAST. When looking at baby stuff, we asked ourselves how long we realistically saw a piece being used for. Then we would weigh the price. For example there’s a baby swing we fell in love with because it’s gorgeous, it looks nice, and did I mention it’s pretty? But realistically the baby will only be in it for a few short months and with a price tag of $300, we couldn’t justify it.

During this pregnancy journey I started joining Mommy Buy Sell Trade groups on Facebook and I learned pretty quickly that when you have nice stuff and keep it in working order, you can turn around and sell it for a decent price. But further to that, you can find amazing deals on stuff you otherwise wouldn’t get because of the cost.

I’ve compiled a list of all the baby stuff I’ve managed to buy used:

Phil & Ted Navigator Stroller with second seat attachment, sun cover, & rain cover ….$735 new….used for $350 (USED TWICE!, I MAY ADD)

Charlie Banana/Bum Genius/Tots Bots Cloth Diapers…$500 new…used for $250

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Bumbo with tray…$100 new…used for $30

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Babies R Us Glider Chair…$549 new…used for $250

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Motorola WIFI baby video monitor…$250 new…used for $125 (NEVER OUT OF THE BOX)

Skip Hop Diaper Bag $60 new….used for $30

Another huge expense is all the tiny clothes! Who knew such tiny things could cost so much money! But again, they grow out of them so quickly that it can be so hard to justify spending $30 on an outfit a child will hopefully wear once. The thing about clothes is that people are more than willing to pass on their used clothing. So many of our friends have been such saints and offered us piles of clothes for our little guy. It warms my heart to see such generosity! I can’t wait to return the favour and pass these wonderful memory-filled pieces onto the next momma who needs them!

But there are places we refuse to skimp financially. Where safety is our one and only concern, all bets are off. When it comes to our sons car seat, crib, and mattress, I refuse to buy used for obvious reasons. But that being said we still managed to get what we wanted in terms of safety for a decent price!

It does take research and lot of hunting on kijiji and other places to score some good deals for kids stuff but it is so worth it!

In closing, there’s three main tips to follow:

START EARLY!

As soon as you know you’re pregnant, start browsing. Figure out what you want and what will make sense for your life style. Although you may not know the gender, there are plenty of items that you can get in gender neutral colours and will then last you for future kids or will sell easier when you’re done with them because buyers won’t be restricted by gendered colours.

LOOK OFTEN!

Always be browsing kijiji and Facebook groups because the good stuff moves quickly!

BE OK WITH USED!

Especially when it comes to clothes! Sure, they get pooped in and puked on but that’s what washing machines are for. Plus majority of items under 12 months are only worn a few times before they are outgrown. Also, most items stay in relatively good condition because little ones aren’t playing too hard yet!

RE-SELL YOUR BABY GEAR ASAP!

A lot of people ask me if I plan to save stuff for future kiddies and I originally thought I would but a lot of the things I bought used, I plan to sell right away and try and get back what I paid. The main reason for this is styles change, technology gets better, and recalls happen. When its time for baby number 2, all the latest and greatest will be available second hand just like the stuff we found this time around! If we put our gear away and in storage and wait a few years before we go to use it again or go to sell it, it won’t be worth as much. All the money from re-sale will go BACK into the babies savings account for the next little rug rat that comes into our lives. In stead of collecting dust, it’s collecting interest. 

I hope some of these tips inspire you to get thrifty wit’ it! Do you have any tips or shopping secrets to share? Comment below!

HAPPY BABY GEAR SHOPPING

Money money money…

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I’ve posted before about finances. Money is such a huge source of stress for so many people and I think it’s important to talk about. I’ll tell you a secret: I wasn’t always on top of my finances and budgeting like I am now. I won’t bore you with the details, but I will share a few valuable things I’ve learned through trial and error.

1. STAY ON TOP OF YOUR SPENDING!

If you aren’t constantly watching your bank account, you’re setting yourself up for failure. Back in the old days when we carried cash around and lived on cash diets, it was easier to be accountable. But with all the plastic in our lives, it can be way too easy to over-spend. There was a time when I would avoid opening up my online banking because I would rather not admit to myself that I had over spent that month.

2.  BUDGET, BUDGET, BUDGET!

Set yourself up with a budget in order to manage your cash flow. If you bring in $2000 a month but you spend $2001, you’re over budget and it’s a slippery slope form there to debt city.

3. BE REALISTIC!

In my opinion, it is NOT realistic to set aside $50 a month for shopping or extras, if you know you enjoy shopping. There’s no need to lie to yourself…believe me, you’ll only let your self down!

4. PAY YOURSELF FIRST!

First thing’s first, deposit money into your savings! It may sting in the beginning, but you’ll get used to living without that money after a while. What not to do: tell yourself you’ll put anything left over at the end of the month in savings. Believe me, it wont be there! You’ll find something better to do with that money.

5. SIGN UP FOR MINT.COM!

If you have an Apple or Android computer or phone, you have the ability to stay on the good-finances track at your finger tips. Mint does everything you’ll need: set budgets, manage cash flow, and alert you if you’ve over spent in certain categories or are getting dangerously low on money. Mint will help you stay accountable and not have any nasty surprises when you go to pay a bill!

I hope these tips help you get on track to financial freedom! It really can be this simple.

Happy saving!

Got any penny-pinching tips? Share ’em!

 

Wellness Wednesday: Money Woes

A huge source of anxiety for me is finances. Until today I haven’t been able to even open up my bank account to see the post-christmas damage. I’m awful, I know.

Being financially stable and secure is so important to me. It’s something my mom always prided herself on and she passed it along to me. She taught me the joys of saving and keeping a nest egg for those rainy days and even the sunny days.

You’ve probably seen this photo in the last week and a half — it’s been floating around the internet.

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via extremecouponingmom.ca

I proposed to my boyfriend that we try and do this but in reverse so it gets easier as the year goes on and it grows some interest (not much, but it’s better than nothing!).

So far we have $206 in our trip fund thanks to this little challenge! It’s even helped me get through some impulse shopping…impulses! I saw a Keurig on sale for $80 and I thought… that’s two weeks of trip money I wouldn’t have to worry about… So I didn’t buy it! HUZZUH.

For me, money stresses me out. The more saving I can do now, the more fun it will be to fork over thousands of dollars for a vacation to a sunny tropical destination next winter!

Oh money…

Do you have a similar type of challenge for yourself? How do you talk yourself out of impulse buys? Share it!