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How I’m Preparing Financially for My Baby

Can I get a show of hands for those who’ve wondered, “How much should I save to take care of my baby?”

Can I also get a show of hands for those who haven’t received a solid answer?

Image source via Shutterstock
Image source via Shutterstock

Girl, I feel you.

No one has more questions than a first time mom. We get so much advice from experienced moms, and yet no one seems to be able to answer one of the most important questions…

I ain’t gonna lie. You aren’t gonna find a solid dollar amount here either; however, I found four ways to help me save money for my first child who’s expected to make her grand appearance this November!

By the end of this post, you’ll know exactly how to save money for your first child using what you already have, AND, I’ve even created a free PDF for you so you can start saving up today!

Let’s dig in.

I use public transportation to commute to work.

I used to drive to work every single day. I live about 20 miles away from work and being in the comfort of my own car was… comfortable. You know what wasn’t comfortable? Seeing how much that comfort was costing me!

Let me paint a picture for you.

Driving my own car meant I had to pay for gas every week (my little sedan costs me $45 to fill up) and $50 per week for parking (that’s assuming I make it in time to get the Early Bird special at $10 per day). If I miss the early bird, parking costs me $105 per week (or $21 per day). On the low side, I was paying at least $380 a month to drive myself to work.

If I caught the bus to work (seriously, our city bus company’s name is TheBus), my employer helps pay for the majority of a bus pass, and I pay just $25 per month for that!
Another bonus… I can totally catch up on my sleep while riding the bus.

It’s pretty awesome, especially since this pregnancy has me so drained by mid afternoon!

I bring home lunch. Every. Single. Day.

Listen, I used to eat pho every day for lunch. Pho is a Vietnamese beef noodle soup that is absolutely heavenly (it’s all about the broth!). My favorite lunch spot charges $7.50 for a bowl of beef and meatball pho. I used to eat a bowl of pho for lunch every day, which was costing me $150 per month!

I’d also need water to keep me hydrated (because pregnant women need all the hydration they can get!), so that’d cost me an additional $1.25 for a 1.5L bottle.

And THEN, if I didn’t have time to make breakfast that day, I’d stop by Starbucks to grab a classic oatmeal and a tall decaf coffee which usually cost me about $7 for both!
Add all that up: $7.50 + $1.25 + $7.00 = $15.75 per day on food.

What does that total up to for the month? A whopping $157.50!

WHOA.

So I brown bag my lunch to work instead. I just simply make enough food for dinner so I’ll have enough for lunch the next day, AND I can keep my meals with healthier choices because I won’t be tempted to buy those little extras that always find their way at the checkout line…

I set up automatic payments to my savings accounts.

I set my direct deposit to be automatically deducted from my payroll into my savings accounts so that I won’t feel the urge to spend it once pay day rolls around. It’s kinda like tricking myself into saving because I don’t have to remind myself to save a little each day.

And let’s be honest. Saving money can be painful.

It must be something to do with seeing our account get smaller… or is that just me? But then again, I love seeing my savings account grow bigger and bigger!

I also setup another savings account that’s different from the bank I normally do business with. I don’t have a savings ATM card associated with that account because again, it’s kinda like tricking myself… in order to withdraw money from that account, I’d have to physically go into the branch to take money out.

And ain’t nobody got time for that.

I sell things I haven’t used in the past year.

Seriously. If I haven’t used something in the past year, it’s likely I won’t use it this year either!

I sell my used items on ebay and Craigslist because they’re really simple to list and sell. It’s definitely not a huge money maker, but it’s beneficial because I’m getting a little bit of cash AND I’m making room for my baby and all her belongings that will soon be coming in!

Family members are already telling me she’ll be a spoiled one… oh boy.

So you’re probably wondering how much I’ve saved. Over the past 7 months, I’ve managed to save a little over $3,700 which I’m very comfortable with. I’ll have enough to purchase necessities, take care of bills, and contribute to the mortgage while I’m out on maternity leave. It wouldn’t be fair to my husband to have to pay for all that by himself!

As I mentioned earlier, I created a PDF just for you so you can get started on saving money for your first baby TODAY. Check out the Resources tab on my blog to snag your free copy!

Us first time moms gotta stick together, y’know?

Ashlyn Tengan

Ashlyn Tengan

Hi, I’m Ashlyn! I’m a recovering spicy tuna sushi addict, a fitness enthusiast, and a first time mom-to-
be. I started my blog, A Mom In Training, as a way to share my journey with other first time moms

who are just as lost as I am when it comes to pregnancy and motherhood. I believe that moms are

always in training- whether it’s their first or seventh child. There’s always something new to learn about

motherhood because each pregnancy and child come with a different experience. If you’re clueless

about motherhood, join me on my journey through pregnancy by visiting www.amomintraining.com and

check out the Resources page where I have useful goodies for you to download!

39 comments

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  • your inspirational because I am so bad with money. Luckily my husband is amazing and has complete impulse control when it comes to spending so he is our saver and planner

    • Thanks Katrina! That’s awesome that your husband is the saver! Might I suggest that you start with baby steps? Save $1 every day for a week. Just one week! The sense of accomplishment will encourage you to do it again for another week. Then another week! Before you know it, you’ll be addicted to saving. 🙂

  • Thanks for all of the great money saving tips! I already had my babies but all of these apply for me today! Thanks for the motivation to sell some of my stuff on craigslist. I have a lot of old toys in our basement that could be turned into cash!

  • Great money saving tips. If my city had decent public transportation, I’d take it. Instead I jumped at an opportunity to work closer to home. Saving at least $100 or more in gas–plus less wear and tear on the car. Also I only have lunch out are a rarity, usually because I forgot mine at home. It really does save money!

    • I totally wish I could work closer to home. I’m actually in a debate with myself about transferring to a new position where I’d only have to travel 3 miles to work instead of 20 miles, but the pay is lower…

      Don’t you hate it when you forget your lunch at home?! Especially if it was something you were looking forward to eating?! LOL!!

  • With my first child, I saved for 2 years before conception. (while working 2 jobs and my husband had 1). Baby number 1 was/is extremely spoiled. After having another, and then another…I realized the new nesting mom in me wasted so much money. My family and friends were really irritated with me when not only did I pick out everything as soon as I had confirmation it was a boy – but there literally was nothing left for them to buy me. I think what I’m trying to say is for first time moms…don’t forget to make a registry and let other’s help you with making purchases if they can – because you keep a hold of those savings and it gives your loved ones a sense of contribution. Many prayers for your first buddle of joy! You sound like you go this! 😀

    • Hi Tanya! Wow, 2 years before conception?! You must’ve had a big chunk of change!! Thanks for the tip about the registry. I was afraid that I had too many items on mine, but after talking with a few other moms, they all said *the more the merrier.* 🙂

  • I didn’t save to have a baby but I did save for my son as far as money that I will gift to him when he goes to college. I started saving long before I ever knew I was going to have a baby. In my early 20s I said when I have a child I want to give them financial security when they are older. I started just putting all my change away and for my future baby. Then once I got to an age that having a child seemed feasible I started saving a little more. Then my son came into this world and I opened him up a bank account and I auto save $50 a month and will up it when I start working again and every time I get a raise so that by the time he is 21 I can turn it over to him. Oh he is only 6 now!!!

    • Danielle, WOWWW. You’ve seriously just inspired me to start putting all my change away in a separate account. I love what you’re doing for your son! Is he aware (or do you plan on telling him) about this account you’ve started for him?

  • Smart way to save money for a baby and really, for life period. I really can’t get rid of my car (I have a disabled child who I have to take to many appointments & therapies and if I didn’t have one, I wouldn’t be able to get to a job or get to her for emergencies.) but I have cut out a lot of the things you did! Awesome

  • Wooow…when you break i down like that…omgoodness…the monthly expenses for driving to work and meals…that really added up quickly. You’re saving a ton! Thanks for sharing and putting things in perspective!

  • it was wonderful that you could save that much, although, some don’t have those expenses to take away from it will give them an idea.

    • I hear you. It’s definitely not easy putting money aside for the things you want, especially for your kids. Perhaps starting with something as small as $5 a week would be manageable, then every week thereafter, increase it by $1. 🙂 You can do it!

  • We did a 50/50 raffle at our baby shower to help raise money for the baby’s college fund. It’s a great way to make some money, plus someone wins $$! AND our person let us keep it 🙂 Just be sure to tell them in advance that you’ll be having it so they bring cash!

  • You know I have 2 kids now, and I dont think you can ever really prepare for them. Even after having my first, my second had a lot of medical problems, so we thought we were prepared but we didnt think we’d have the things happen that did. I love your article for sure 🙂 I like how when I read it its like having a conversation with you, or hearing you talk in your own head 🙂 I do that too hahaha

    • Hey Amanda! Glad to hear that reading this was like having a conversation with me! Y’know, I hear that from a lot of moms… you can never really prepare for them! I guess that’s part of the experience, right?! 🙂 Thanks so much for your comment!

About Author

Ashlyn Tengan

Ashlyn Tengan

Hi, I’m Ashlyn! I’m a recovering spicy tuna sushi addict, a fitness enthusiast, and a first time mom-to-
be. I started my blog, A Mom In Training, as a way to share my journey with other first time moms

who are just as lost as I am when it comes to pregnancy and motherhood. I believe that moms are

always in training- whether it’s their first or seventh child. There’s always something new to learn about

motherhood because each pregnancy and child come with a different experience. If you’re clueless

about motherhood, join me on my journey through pregnancy by visiting www.amomintraining.com and

check out the Resources page where I have useful goodies for you to download!