Saving Money- Financially Planning For Your Baby Video

Learn about the importance of saving money before having a baby
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Melanie Raposo: Hi everybody! I'm Melanie Raposo and welcome to The Pregnancy Show. The cost of having a baby these days is very expensive. So one of the first thing you need to think about before having a baby is, are you financially ready? Well, today we're breaking down the cost for you and a financial expert gives us great advice on how to budget before the baby comes. Laurie Campbell: You do have 9, 10 months to start planning, so start looking at. First of all, saving money is not just about how much money you can keep in the bank but it's how much less you can spend as you look forward to getting these items for your children. Look at second hand items as long as they are per code, those are great options for people as far as buying, cribs, car seats, change tables all those necessaries that you need with your children. Start asking people for things, these are wonderful idea because people are often willing to buy gift certificates for you, or buy items for you, if you have family that's willing to purchase items for you, perhaps ask for gift certificate so you don't get for cribs, you don't get for car seats and then you can use that to wards the expenses of a baby. Thinking about it over a period of 10 month so you can maybe curb back on items in your own household budget. Can you put money while both of you are working towards baby cost, when the baby is born. Can you curb your entertainment or your spending during this time. Try to curb debt. Try to get rid of as much debt as you can during this time because it really will eat away your pocket book, once the baby is born and certainly once you are on a reduced income for a period of time. So there are lots of things people can do. Start budgeting, if you are just a couple chances are you are out there, entertaining yourselves, going out to movies, going out for dinners, you may have to start really thinking about that and cutting back.

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