. Start with What You Already Have

Make a list of what’s being gifted, handed down, or already owned. You might be surprised by how much you don’t need to buy. Hand-me-downs and secondhand items (like swings, clothes, or bassinets) can save hundreds. As a mom of 3, getting things second hand saves a lot of money.

2. Create a “Must-Have” vs. “Nice-to-Have” List

Not everything marketed to new parents is essential. Focus your budget on safety and practicality:

  • Must-haves: car seat, crib, diapers, bottles or breastfeeding gear, clothes, swaddle blankets.
  • Nice-to-haves: wipe warmers, baby food makers, designer outfits, matching nursery sets.

I would suggest talking to seasoned mothers about what they actually used and what they thought was a waste of time. Some things that others use, you might not find as useful. It is important to gather information from like minded moms to help you figure out what you will need.

3. Estimate Monthly Costs

Think long-term. You’ll likely spend monthly on:

  • Diapers/wipes
  • Baby food/formula
  • Childcare (if applicable)
  • Medical co-pays or prescriptions

Knowing your ongoing monthly baby expenses can help you adjust your current budget (maybe cut back on subscriptions or dining out). Something that we did was to go ahead and add those expenses while you are still pregnant. Just save that money back - at least you'll have a little saved up and you'll get use to that expense in your budget.

4. Set Up a Baby Emergency Fund

Unexpected costs will come up — hospital bills, urgent care visits, extra help at home. Try to save 3–6 months of living expenses plus a baby buffer of $1,000–$2,000 if possible.

This is goal that as an adult you should do, way before kids if you can. We personally try and keep enough funds on hand for our healthcare deductible plus a little, just in case.

5. Look Into Parental Leave and Benefits

Check what your workplace offers in terms of paid or unpaid leave. Also, see if you're eligible for government support like WIC, FMLA, child tax credits, or dependent care flexible spending accounts.

Also, look into local laws surrounding maternity leave. To ensure that your company is abiding by all local and federal laws.

6. Plan for Childcare Early

Childcare is often the biggest post-baby cost. Start researching your options early (daycare, nannies, family help, or working from home) so you’re not caught off guard.

You always need to look into caregiving long before you actually need it. This will increase your likeliness of getting into whatever situation is best for your family.

💡 Money-Saving Tips for New Parents

  • Buy secondhand (strollers, swings, bassinets) — but always check for recalls.
  • Join parent groups — lots of free giveaways and swaps.
  • Borrow rarely-used items (like a baby bath or bottle warmer).
  • Meal prep before baby arrives — saves money and sanity.
  • Use cash-back apps and coupons for essentials.
  • Create a practical baby registry — focus on needs, not fluff.

👶 The Bottom Line

Yes, babies are expensive — but budgeting ahead can ease a lot of the financial stress and let you focus on what matters most: bonding with your new little human.

Remember, you don’t need everything all at once. Focus on the first few months, save where you can, and build as you go. Whether you're a first-time parent or adding another little one to the mix, the key is planning, prioritizing, and giving yourself grace.