A new baby, doesn't mean new clothes
Find deals and compare baby goodies online so you don't make emotional spending decisions
- • Don't be afraid of pre-loved deals or creating a functional list of things you'll need
- • Don't overspend on clothes that your little one will grow out of quickly.
During her first pregnancy, Loyiso bought brand new clothes, prams, cots and car seats. This time round, she took more time to find deals and compare prices on sites like Takealot and Baby Group. With the experience from her first pregnancy, she was able to be more practical, make fewer emotional decisions when spending, and rely on previous baby items she'd stored. If you're a bit more limited with budget, you can find “pre-loved” goodies online on sites like Baby Exchange and Baby2Baby. Loyiso also suggests you're clear about what you really need, by sharing a list with family and friends before your babyshower. This will help to ensure you get more of what you need, and less of what you don't.
Signed, healed, delivered
- • Ask for help from family, friends or professionals
- • Take the time to rest and take care of your own health and well-being
- • Connect with, and learn from, other mums' experiences
With baby number one, Loyiso was lucky enough to have her mum help her settle into motherhood. She says it's also worth factoring in the costs of a nanny or a night-nurse, which can be anything between R200/R400+ per night. You'll want to return to work feeling ready, so don't underestimate the value of getting a break and taking care of yourself as much as the little one. Connect with other mums to chat about your shared experiences and get advice from those who've already faced the financial challenges that you may come across.
The bottom line
Maternity leave has the potential to be one of the most special times in a mother's life. Use Loyiso's tips to make sure you prepare for what's ahead so you can enjoy this time without feeling unnecessary financial pressure when the little one arrives.
Wealthsmith™ tip
“Plan ahead to make smart decisions and don't get caught up in frivolous spending. Rely on medical aid, gap cover, UIF and your financial adviser to ensure you understand your financial obligations.”