Becoming a parent is a life-changing experience filled with joy, love, and countless new responsibilities. It can also be financially daunting, with new expenses popping up at every turn. The cost of raising a child from birth to 17 years old is estimated to be over $233,000, and that doesn’t even include college! But don’t despair; there are numerous ways new parents can save money and provide their little ones with a secure financial future. Here are some practical money-saving tips to help you navigate the wonderful yet expensive world of parenthood:

First and foremost, embrace hand-me-downs and second-hand items. Babies grow so fast that their clothes and gear are often gently used. Don’t be shy to ask family and friends for hand-me-downs, and check out second-hand stores and online marketplaces for bargains. You can find everything from clothing to strollers at a fraction of the cost. Breastfeeding is also a great way to save money and provide your baby with the best possible nutrition. While it may not be easy for everyone, it’s free and convenient once you and your baby get the hang of it. If you’re unable to breastfeed, don’t worry – just look for deals on formula and buy in bulk when it’s on sale. Every little bit helps!

Diapers are a necessity, but they can also be a huge expense. To save money, consider using cloth diapers instead of disposable ones. Cloth diapers have come a long way, and modern versions are easy to use and much more environmentally friendly. You’ll save hundreds, if not thousands, of dollars in the long run. Another way to save is by making your baby food. It’s easier than it sounds and much more affordable than buying pre-made baby food. All you need is a blender or food processor and some fresh or frozen fruits and vegetables. Your baby will love the tasty, nutritious meals, and you’ll love the money you’re saving.

When it comes to toys and entertainment, less is more. Babies and toddlers don’t need a roomful of the latest gadgets and gizmos. In fact, they often find the simplest things the most fascinating. Get creative and make your own toys or look for open-ended toys that can be used in multiple ways. Borrow from friends or family or check out toy libraries if you have them in your area. This will save you money and space! As your child grows, consider hosting a toy swap with other parents to refresh their play options without spending a dime.