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How should expectant parents save?

Since expectant parents are on the receiving end of advice from friend, family and well-wishers for nine months and more, here is some more advice to add to the mix.

August 23, 2016 10:03 AM
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Pregnant Re

The hospital staff kept watching as the woman gave birth to a baby outside the hospital. The incident comes after a woman was forced to deliver a baby on a tonga in Khargone district of Madhya Pradesh in July. (Representative Image: Reuters)

Since expectant parents are on the receiving end of advice from friend, family and well-wishers for nine months and more, here is some more advice to add to the mix. A new baby invariably means a huge immediate increase in expenses – medical expenses, food, baby furniture (like a cradle/cot, pram, high chair), clothes and toiletries including diapers. To make matters more problematic, your income remains the same, or in many cases decreases with extended maternity leave or with some parents dropping out of the workforce altogether. It is difficult, but at the same time necessary, to find ways to save money to welcome the new addition without damaging your finances in the long run. Here are some simple tips on how you can save money, at least in the short run:

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First Published on August 23, 2016 10:03 am
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