The pregnancy test reads positive! Congratulations, you’re having a baby! While it is a cause for celebration, it’s also known that having a baby is going to leave a dent in your finances. However, many forget that the 9 month pregnancy can also incur a lot of costs, from doctor visits to birth. Therefore, it is essential to prepare yourself financially. Below are 9 tips to help you save money throughout the 9 months.
Time to take out that pen and paper to list down all the foreseeable costs that would be incurred during the pregnancy like ultrasound appointments, prenatal supplements, maternity clothing, cost of delivery, as well as essentials and nonessentials for when the baby arrives. Examples of essentials are like car seats and diapers. Non-essentials include products like baby shoes and a cot, which is not needed for the first few months after birth, giving you a bit more time to save up. A more comprehensive list can be found here. By listing down all the upcoming costs, you would have a brief idea about the amount of money you need to save up for.
Next up, it’s time to bust out your insurance policy and review that once again. Check what is covered in your policy and budget accordingly. There are certain insurance policies that offer more coverage for pregnant mothers like options during delivery and recovery and also doctor visits, and those that don’t. You can opt to get another policy, or save money by making sure that you bring whatever you can of your own like food and any baby and maternity equipment when at the hospital to prevent incurring additional medical costs. Also review your employment contract of both you and your spouse to see if you would be eligible for medical benefits to help you save costs.
3. Check the maternity leave policy in your company
In Malaysia, it is compulsory for companies to provide up to 60 days of full-time pay during your 90 days maternity leave. However, there are some companies who do provide more. Therefore, do check with your company to find out so that you can plan and budget with those funds as well, especially since there will be more mouths to feed once the baby arrives.
4. Work from home
In order to lessen the financial burden of having only one working parent being the source of income, why not ask your company to let you work from home if you require bed rest before the birth of your little one? This not only helps kill the boredom from being on bed rest, but also helps you earn a little more money, which you can then save. In addition to that, it could also help improve your boss’ impression of you for when you do return to work.
5. Time to test out your cooking skills
Being pregnant, you have to ensure that your little one is getting all the nutrients they need, while also making sure that you do not ingest any harmful substances like pesticide, which could harm the foetus. Therefore, in order to ensure all this, why not cook instead? Though eating out is a lot more convenient, it costs a lot more and you cannot be certain about the source of their ingredients and how they handle them. To make things easier, you can make a big batch and freeze them for future meals as well.
6. Prenatal vitamins
Prenatal vitamins are important to ensure that your little one develops well. However, having to eat them for 9 months will be very costly. A way to help you save is, instead of buying well-known brands that cost a lot more, you could buy the vitamins like folic acid and Vitamin D from generic brands, which not only costs a lot less, but also has the same effect. You should also ensure that your diet is balanced and catered for pregnant women, with more essential vitamins and nutrients for the baby. Do make sure you consult your doctor in order to ensure that you get the right vitamins for the best prices.
7. Maternity clothes
Though looking good is always a priority, maternity clothes can be a waste of money, as you only wear them for a few months during your pregnancy, before storing it somewhere, never to be worn again, or only when there is another baby on the way. So in order to save money buying maternity clothes, bra extensions (around RM 10 or less) and pregnancy belts (around RM 40) which you can easily attach to your existing wardrobe. Besides that, ask around from new mothers you know and see if they would lend you or give you their maternity clothes for those few months. This will help you save big bucks as maternity clothes can be very costly.
8. Gifts are always welcome
Time to throw that baby shower! Instead of letting your friends and family wonder what to get you, why not make a list or a registry of big and small items that you would need like a car seat, diapers and toys for when your baby arrives? That way, you not only check-off many baby essentials from your list, but you also save. Your friends and family might just surprise you with the gifts they are willing to buy you!
9. It’s time to stock up!
Though it’s not a good idea to go overboard, you should start stocking up for essential baby items. By stocking up earlier, it gives you time to find the best offers and prices by subscribing to newsletters from baby shops or looking through newspaper catalogues before the need becomes urgent. This way, you can not only get the best things for your little one, but also get the best price for them. If you wait till your baby has been born, you would no longer have the luxury of price comparing and waiting for sales.
With these tips, you would be more prepared for any charges that are incurred during the pregnancy, and also when the baby arrives.
This article first appeared on CompareHero.my’s Bun In The Oven? 9 Tips to Save Money During Your 9 Months.