Men's Articles

How To Dealt With The Financial Demands Of Becoming A Parent?


There are several key indicators of whether a country has joined the league of developed nations. The obvious signs are a developed infrastructure, a rising standard of living and a highly literate population. However, often overlooked, yet painfully reliable indicator is a falling birthrate.

One of the roots of this 'birth dearth' is the commonly-held view that having a kid is a one-way ticket to financial hardship. Many a couple worry that a lot of the 'good life' has to be sacrificed - even before the stork lands. There is no doubt that having a child is a hugely challenging experience and a financially dubious one at that.

Everything from kiddie furniture, clothes, diapers and baby food to childcare comes with a price tag. Put them together all at once, and the credit card bills from your wife's pre-baby shopping trips that you use to get so upset about suddenly won't seem so bad. It's doesn't take long for a father-to-be to come to realize that a serious cut-back in order.

Top on the list of "unnecessaries" are booze, golf clubs, fancy clothes and designer watches. Take heart, it's unlikely that you're going to be attending many guys' nights out, so it wou't matter what you wear or what becomes of your handicap! Start planning early and do your sums early.

Get your house in order (preferably as soon as you hear your wife' yelps from the bathroom over the results on the home pregnancy kit.) Encourage breastfeeding as long as possible (milk powder is horribly expensive) and whatever it takes, be sure to block all access to online baby product catalogue!

Tips On How To Financially Care For Your Firstborn

Savings

Start a habit of saving if you are thinking of a baby, even if his or her arrival is a few years ahead, it is not hard to set aside $10 a day.

Food

By cooking at home, you could save about 20 to 30 per cent of your expenses. Another plus point is knowing exactly what goes into your child's tummy every day. Some ready-made foods do not have a complete listing of their ingredients and they may substitute cheaper refined sugars and hydrogenated oils for more expensive, healthier ones. It is a good idea to breastfeed the baby. You not only get to save a lot, but the baby will also be a lot healthier.

Nanny/Babysitter

Have the grandparents help look after them if they are willing - it means cheaper, more loving care.

Clothing

Couples who are expecting their first child tend to be very excitable and are the favorite prey of baby product marketers. Be really careful, as the kids from zero to 24 months outgrow their clothes very quickly. Don't be shy about asking for hand-me-downs - most parents would be happy to have their children's out-grown items come to some use.

Diapers

It is quite hard to save here. Nappies need constant changes and the weather makes nappy rash a real problem.

Tame The Tuckshop

What parents can do to manage what kids eat at school? Here are some advises.

  • Visit and try out some of the meals offered at your child's school canteen.
  • Provide constructive feedback to the school if you feel more should and can be done to provide healthier food/drinks. Provide positive feedback too to support the school's efforts in providing healthier choices.
  • Ask children occasionally what they have been buying and eating in school. Ask casually and not accusingly. Affirm them when they make good choices and guide them in more suitable choices. Do not "ban" sweets and ice cream as this could backfire into lying and guilt. These foods can be included occasionally into an overall healthy eating pattern.
  • Parents can limit pocket money and guide them in managing their finances.
  • Simple healthy meals and snacks can be prepared and brought to school. Involve the child in the choices and preparation.
 

Copyright � 2005 - 2006 Men's Articles. All rights reserved.