1 Preparation is key. Financially savvy mamas know that saving is a step-by-step process.
2 If you’re unsure, hold off. This is a good one, especially for first-time mums. Any baby purchase decision needs to be backed by evidence; will this item be useful to baby? From diapers and bottles to pacifiers, if you’re still clueless about what would work best for baby, hold off. Once you know baby’s preferences, you can then start stocking up.
3 Monitor your expenses. Cut back on expenses by evaluating what you’re spending money on. First, look at the essentials: can you shop at another supermarket? Would you save on your electricity bills by getting rid of a certain appliance? Next, look at the extras. Can you do without this magazine subscription? What about working out at home to save that gym membership fee?
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