When we first had William, our whole life went upside down and my wallet followed the lead. The arrival of this little angel in our life brought up many financial concerns in regards to his needs. You may read a lot about having a child, there are still things you discover along the way. When we had our second child, Amy, I was expecting to have my baby expenses explode for the second time. It now has been two month and I barely notice a difference in our budget. I tried to find out why.
|You Can Reuse several ItemsUnless you have twins or your children have less than a year of difference, you might be able to use several things that are taking dust in your basement or your garage. I’m thinking about the baby stroller, the crib, some clothes, toys and the special diaper trash can. You absolutely need to buy one if you don’t want to waste a fortune in Febreeze in the next three years! Especially with two, the whole floor will stink like the morning smell of the bathroom.When they are babies, they can not really damage their stuff. My stroller is still impeccable and I will probably be able to sell it for a good price once my little one will prefer to walk. You are still receiving several giftsYour family and friend will still offer gifts to celebrate you newborn’s birthday. Since there are a lot of stuff that can be reused from the first one, you will receive a lot of clothes, toys and baby products such as diapers or creams. I have receive so many pyjamas for my second child that I did not have to buy one! I really appreciate this supports from the people I love. It is always comforting to realize that you are not alone in this new adventure!
You learn from your previous mistakes
You will absolutely remember this stupid little gadget you bought for the first one and that did not work at all for him. You remember which kind of diapers to buy at what age and you can differentiate a good brand from a bad one. Therefore, you will not waste your money on all those gimmicks. Unfortunately, the newborns have become a highly profitable market for companies. With experience, you are able to make good choices.
You receive bigger allocation to compensate
Depending in which country you live in, there are many government programs that grant money to parents for their children. Most of my allocations doubled when Amy was born. This was definitely a great help to finance the coming of my sweetie pie! At least for once, I know where my taxes are going; right back into my pockets.
It might become more expensive in the future
Unfortunately, the financial future is not so bright. As they become older, you will not be able to use the same clothes, toys and furniture for the two of your children. This is where a saving plan would come handy. In addition to that, you will have to think further and start contributing to an education plan so you can provide your children with a decent amount of money to finance their way to the next Google!
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