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You are here: Home / La Familia / There’s A Lot Of Money In The Baby Business

There’s A Lot Of Money In The Baby Business

October 6, 2019 By Candy

Having a baby is a brand new adventure that nothing can prepare you for. There is so much to know! For a lot of new parents, the journey is overwhelming. However, you will have plenty of time to practice and learn with your baby. Ultimately, a lot of parents feel pressured to get things right from Day One. In reality, you will make mistakes. You will struggle to understand your baby at first. But there is no cause for worries. As you get familiar with what you need to do, you will feel more and more confident as a parent. 

However, there is more to the parenting adventure than knowing how to look after a baby. Indeed, parents are also told to prepare their finances and save when they are planning to have a child. You can’t afford to be selfish with your expenses anymore. Having a baby is expensive, and it’s precisely why you want to understand how to best handle the complex market of baby products. 

Preparing the Room

New parents are keen to design a beautiful baby nursery for the new arrival in the family. However, creating a nursery that fits a tight budget can be tricky. As a rule of thumb, you can expect to spend on average around $2,000 on getting your new nursery ready, including a crib, changing table, dresser, diaper pail, glider, and decoration. Minimizing your cost can be hard work, so you have to be a smart shopper and avoid luxury boutiques! Ideally, you also want to find items that you can convert as your baby grows, such as a crib that can transform into a toddler bed, for instance. Additionally, you have to be realistic. Nursery rooms are designed to last for only a couple of years, don’t splurge on items your baby will soon outgrow. 

Don’t be Tempted to Take Shortcuts

There is a thin line between savvy shopping and picking items that are dangerously inexpensive. With growing risks of counterfeit baby products on the market, you don’t want to take any chances with cheap online resellers. Ideally, you should look out for sales and bargains from trusted brands – preferably directly on their websites. Additionally, you can also consider second-hand products as long as they meet the necessary safety and hygiene standards. Used clothes and furniture are a great choice – just make sure to wash and test before use. Stay away, however, from used car seats, strollers, and mattresses which might put your baby at risk. 

One Golden Rule: You Will Overspend

It doesn’t matter how thrifty you have decided to be. With your first baby, you are likely to overspend. It’s unavoidable! There are so many things you don’t know yet! Babies grow quickly, so one of the most common mistakes for new parents is to buy more clothes than their newborn can wear. Additionally, your accessories budget is likely to go through the roof, as you are still trying to figure out which gadget you need. 

Businesses know you are willing to spend money to keep your baby safe and entertained. As a result, the baby product market is packed with a variety of products! Figuring out what is necessary and what is a waste of money can take time, but always make sure to question your purchases. Indeed, doing your research can not only spare you a lot of issues with fake or damaged items, but it’s also the best way of learning how to be a responsible parent. 

Question:
Would you agree? Share a tip with me in the comments! 

Cheers,

Candy

 

Filed Under: La Familia

About Candy

On a fun adventure with her two sons and her husband. Learn about our military family life, our travels, entertainment, food and all of the fun we are having!

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Hola! I’m Candy and WELCOME to Candypolooza! I keep things fun around here.
Read more HERE.  
Email: candypolooza@gmail.com 
Cheers! 

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