How To Save Money For A Newborn – ZUMI

How To Save Money For A Newborn

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Tips for the little one on the way.

Are you expecting a newborn baby or planning to get pregnant soon? If you are new to parenting this might prove a hard task to take on especially since you will probably feel inadequate in certain duties. But because you aren’t the first one to give birth, there’s an advantage since you can actually be guided on how to accomplish this by people who have been there before. For women who have already given birth, you all know how finances can skyrocket and become a challenge. We do not want you to lose the excitement that comes with your bundle of joy so we will share a few tips that will make you more comfortable when the little one comes.

Here are a number of ways:
1. Cut on your extra costs

Gather all the information regarding how you spend your money and look for ways to cut expenses. Think about your needs and wants and prioritize on the more important necessities. To be a safe budget for your baby and start living like you are actually spending on the baby right away. This will help you practice and finally get accustomed to raising your baby.

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Image: ZUMI

2.Research on medical costs

Go ahead and research on the health insurance providers who are more affordable and beneficial so that when the time comes you don’t struggle much! Do this for labour and delivery medical costs too. As soon as you identify with what you want, start setting aside money to cater for these coming costs.

3. Open a savings account

Save for your baby effectively by setting up an account that is only for the baby’s use. This will also come in handy when you get gifted with cash as a baby shower gift. You can save it up for future use.

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As a famous Swahili saying asserts “Kuzaa mtoto sio kazi,kazi ni kulea”.And for sure, welcoming and raising a kid is hard so you’ll need to start early if you want a smooth transition later.

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