If you’re a new parent or you’ve been a parent for a little while, you know what it’s like to run out of the things your baby needs. That can be a very difficult time in every parent’s life, especially if it happens in the middle of the night. However, it’s a reality for thousands of parents all over. It is sometimes very difficult to afford all of the products your baby needs.
The Cost of Raising a Baby
Raising a child in the first year can be very expensive. Even after the medical visits and such are over and the child has arrived, then you have a whole new set of costs. The most reliable data for the price of raising a baby in the first year comes from the United States. Obviously, the prices in the United States will be different from the costs in the United Kingdom, but the two domains are fairly similar and can usually be compared.
According to United States research, raising a baby costs close to $10,000 per year. That is comparable to about £6500 in just one year. That’s a very significant amount of money. That’s also not an easy amount of money for many people. How does this pricing break down? What are they paying for?
Many of the smaller costs tend to add up. One family in the United States cited that their heating and cooling bills increased from about $150 per month to $300 per month. That translates to about an increase from £100 to £200. Over a year, that’s an increase of about £1200.
Another family cites that their third child necessitated a larger car. You need to have a vehicle that fits all of your children as well as another car seat. If you’re already pressed for space, you’re going to have to buy a larger car. That’s going to be a serious expense, even if you don’t buy the car outright. You will have a new monthly expense. Also, that bigger car is probably going to use more gasoline, which is going to increase the amount of money you pay on gasoline every few weeks.
Research suggests that, on average, disposable diapers costs about £50 per month, which amounts to £600 per year.
You can save some money by breastfeeding, but if this is not always possible, you will probably end up spending about £100 a year on formula. Also, clothing is going to cost you about £40 per month, and your child grows very quickly.
Children also have very fragile immune systems, meaning they will have frequent infections, colds, and fevers. Very rarely are these serious, but they might require some kind of medicine; that’s also going to cost you a decent amount of money each year.
Those are just the expenses needed to keep your baby healthy and clothed. That’s not even including the toys, books, and media needed to keep your child happy, engaged, and learning.
Now that you’ve seen how much you might end up spending in your child’s first year, what options do you have? You could cross your fingers that an extra £6500 will suddenly appear in your bank account, or you can look into buying online baby products.
Everyone knows that buying in bulk might cost a little bit more at the outset, but it is definitely a significant cost-saving manoeuvre. When you order your baby products online, you will save valuable money and time.
Ordering online saves money in significant ways. First, when you buy your baby’s products in a traditional brick and mortar store, you have to drive your car there or take public transit. That is going to cost you money in petrol, as well as in the upkeep of your automobile. If you take public transit, you will have to pay directly for the transit. When you order online, you do not have any of these expenses. That’s the first way you can save money.
Next, the products themselves are going to be cheaper online. In a traditional store, the price of the product has to cover the store’s costs of transporting the products, the space they take up on the shelf, as well as the overhead costs. Stores employ their workers, keep the lights on, and pay property taxes based on the sale of their goods; the prices reflect that. An online retailer does not have these overhead costs; online retailers simply need to pay for warehouse space and the employees needed to load the trucks. For that reason, the prices are going to be significantly lower.
The other way you can save money on the products themselves is by buying the products in larger quantities; this is called buying in bulk. Buying products this way can save you money because stores often offer discounted rates for larger orders to encourage you to pay more. One of the few unique expenses of online stores is the shipping costs. Since the price of the products does not reflect the price of transporting the goods, the consumer is asked to pay the shipping costs. However, many companies offer special discounts for orders over a certain amount. These discounts often involve free shipping. Since you’re already saving money by buying in bulk, this only serves to save you more money.
If your baby has some kind of allergy or just prefers a certain kind of product that you cannot find easily, you might be able to find it online. Since online retailers have large warehouses that gather goods from all over the world, you should be able to find most rare products with a little bit of searching. Keeping your baby healthy and happy is the most important thing in your life, and you shouldn’t be forced to restrict what he or she likes just because your local store doesn’t carry it.
When you are buying products for your baby, you might worry that you’ll never be able to afford it all. When you buy your products online, you’ll find that you will save an incredible amount of time and money.