Thank God. Because having a baby is not cheap.
But I'm cheap.
That's all there is to it. But much to my surprise, the two CAN go together!
When we found out we were having a baby, one of my first thoughts was "cha-ching." I could hear the bank account getting sucked dry! We knew babies were "expensive," but on top of that, my job is strictly commission. Until I'm sitting at the closing table, I don't get paid...and in real estate, the average lag time from activity to paycheck is 45-60 days. We knew to budget for a maternity leave of at least 6 weeks. Thanks to an emergency c-section, that leave turned into 8 weeks. Thus, we were automatically looking at a minimum of 4 months without me bringing home any income. Let me tell ya, that definitely made the "cha-ching" only grow louder!
In order to soften the blow once we learned of the pregnancy, we started socking away what money we could--but we also tried to cut as many corners as possible. Fortunately, no pain came with being cheap...the only pain came when we had to face expenses that just couldn't be found at a reduced rate elsewhere (ie the crazy hospital bills).
I know not all of you are mamas or daddies, so this might not apply. But if you know someone who's is expanding their family, maybe some of these tips will help them?! Who knows...but I thought I'd pass some of it on...
CREDIT CARD REWARD POINTS. We have a credit card that we use for gas, groceries, etc...We discovered we had enough reward points to purchase a new crib and changing table and pay only $40 out of pocket. Had we waited several more months, we wouldn't have had to pay anything, but it was more important to us that the items arrive while I was still able to help put them together. Every month, we pay the balance on our card, so I love earning money when purchasing items that we already have to buy!