Three keys to avoiding new debt with a new baby

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Three keys to avoiding new debt with a new baby investinyou (In partnership with acorns.)

Free hand-me-downs from friends, family, and community or religious organizations are another good option – and you'll have the ability to pay the gift forward when your own little one outgrows them. The exception to the hand-me-down rule are items that pose safety or sanitary concerns. Car seats, for example, should ideally be purchased new to ensure no faulty or missing pieces that may compromise their safety.

Finally, entertaining and educating a new child is a wonderful way to enjoy community offerings. Libraries and parks often offer free story time or kids' play activities. Most museums offer free days each month for families, along with activities for babies and young children. And community-based playgroups can allow you to meet other new parents, without breaking the bank on activity fees.

Parenthood is a tremendous gift. Savor it to the fullest by doing a little planning now, and focusing on your time with baby when he arrives

 

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