Maternity leave is a big financial adjustment. Whether you receive full pay for six weeks or six months, making a few little changes could have a big impact on your finances. For me, I found being on maternity leave made me feel quite financially vulnerable. I was conscious that we didn’t have as big a cushion to fall back on and I also felt a bit of guilt (entirely self inflicted). Especially after my leave ended when I wasn’t contributing to our family income.
After making several small changes, I managed to save quite a bit of money and I hope that you might be able to use these tips to do the same.
Buy preloved baby clothes on Gumtree, Facebook, Ebay and Instagram using #preloved. Marks & Spencer and Next both seem to stay good quality despite being used.
Shop for the next size up whenever these is a sale on. For example for Winter 2018 sales, pick up clothes in the size needed for Winter 2019.
Meal plan for six days out of seven. Include one weekend day to avoid last minute fast food buys!
Shop online. Only buy what you need for each meal which not only saves money but means zero waste at the end of the week.
Consider swapping to Frozen. We buy some frozen vegetables which is cheaper, convenient and avoids waste.
Change date night to a Sunday/weeknight. Discount vouchers which usually run Sunday-Thursday.
Switch your phone plan from an upgrade plan to a sim only deal. We saved £29 per phone by doing this!
Switch to a smaller energy company. They are likely to have better tariffs and will not allow your account to get into arrears. We have been with Ovo for years now and they give great customer service.
Pay insurance costs annually rather than monthly. We save each month for these costs as well as unexpected bills etc.
Sell unwanted baby items after use. We have kept some things for our next baby (if we are lucky enough to have one) but for electronic items that may stop working, you may find it more useful to sell them on whilst they are in good condition.
Buy toys for slightly older than your baby’s current age. Freddie used his baby toys for hardly any time at all. However the toys we have bought for aged twelve to eighteen months he has been playing with for a month or so and will last him for a long time yet.
Invest in a coffee machine. Yes this involves spending money initially but it has saved us around £40 a month, as well as my sanity since we bought it.
Buy a seasonal pass for a local attraction. Again, this involves an initial outlay but passes like these usually pay for themselves within two visits and are great for last minute days out. Especially when you just need to get out of the house.
Don’t feel pressured to sign up to lots of baby classes. Baby yoga, music and massage, classes can get very expensive. If you have the money, of course attend whichever classes you like but if not, don’t feel pressured. Until Freddie was six/seven months old I honestly feel he got more out of visiting the supermarket or someone elses house than he did classes… Consider smaller, local ‘stay and play’ groups which are much cheaper too.
I hope these tips help you to save a bit of money, its a cliche but every little does really help when you are living on one salary! If you have a tip, I would love to hear it in the comments below! Don’t forget to check out Sunday’s post all about how to save money during pregnancy.
Thanks for reading and see you on Friday,
P I N M E