Money Tips for New Moms

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It is worth checking out the soon to be released 'How to afford time off with your baby' by Becky Goddard-Hill (vermilion 2009) It contains 101 top tips for affording your time off from party ideas through to affordable but fanatstic baby clothes. The book spans baby to pre-school and every eventuality in between. Brilliant. Funny too! The author blogs at www.babybudgeting.blog.co.uk

Becky 7:01AM June 09, 2009

Thanks for this wonderful article! Another tip for new moms is a new site called http://www.woya.com. It analyzes prices from the best shopping portals (Amazon, Yahoo Shopping, etc), auctions sites (eBay, Overstock, etc.), classified listings (Craigslist, GoogleBase, etc.), which makes it a whole lot easier for busy moms to find the best deals online.

Michelle of CA 6:10PM February 20, 2009

Another great saver is making your own laundry soap. It is less harsh for your baby too. I have done it for years and love it. For a laundry soap recipe (and others) go to www.savemoneytoday.net

Shara of WI 8:58PM July 10, 2008

To find more ways to cut costs and live better, visit www.eversave.com today. Find articles, tips, coupons and more, all in one place.

Eversave of MA 4:36PM May 27, 2008

These are all great tips that I found to be true for myself and my two kids. I think it's well worth waiting to see what you can live without - for instance, we didn't get a changing table and never regretted it.

On the other hand, even if you decide not to buy something right off the bat, it can be worthwhile to do some research and decide ahead of time what you *would* get if you were to get it. I did well on this in one area, and not so well in another. I didn't buy an electric breast pump right away, opting to wait to see if breastfeeding went well. I had trouble to start, and was told I needed a pump right away to help build up my supply, but at least I knew which one I wanted without having to do any research.

I wasn't so prepared when it came to a swing. My oldest was colicky and out of desperation, my mother-in-law went out one day to buy a swing. If I'd done my research ahead of time, I would have told her to get a swing with the side to side swinging option but instead, she came back with a basic model that went only front to back and which my son hated and used for a total of 20 minutes total. it was a total waste for us, but we did pass the swing on to someone we knew. Angie's definitely right about second-hand baby stuff!

Cathy @ ChiefFamilyOfficer.com of CA 2:19PM May 23, 2008

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Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, is the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back. Send her your personal finance questions.


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