Win a £25 Sainsburys Voucher!

Hi All!

I’m running this competition as a member of the Family Blogger Network. You could be in with a chance of winning a £25 voucher, thanks to Sainsbury’s Bank Car Insurance.

How do readers enter my giveaway?

· Log into Rafflecopter by clicking on the link below and either entering your email address or logging in via Facebook. To enter the draw you have to leave a blog post comment on your worst car breakdown experience. You can also enter by tweeting about the giveaway.

· The more times you enter, the better your chance of winning the £25 Sainsbury’s voucher!

· Whether or not you’re our prize winner, your worst car breakdown experience could also potentially appear in a future Money Matters Blog post.

· The winners will be chosen via Rafflecopter (which uses random.org) and announced on this page.

· The deadline for entering the giveaway is Friday 27th September.

a Rafflecopter giveaway

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Planning your finances with a new baby.

This is a guest post from Sainsbury’s Bank which has some great advice about all the possible costs of having a baby and tools like the baby cost calculator (right at the end of the link it takes you to). Before we had any kids, Ferg and I had a spreadsheet with all our predicted baby costs listed on, (we love a good spreadsheet). We would add to it and take away from with it great glee, never for a moment imagining that my baby clothing obsession would blow all predictions out of the water! Anyway, enjoy! Em x

Planning your finances with a new baby

A new child is a very special and exciting event that is embraced with joy and also a certain level of anxiety. With so much to consider, becoming a parent will change your life, including your financial life.

The average family will spend £3000 on a child in their first year on a variety of items, according to babycentre.co.uk.

It’s possible that finances may be stretched, with the arrival of a baby but consider spending time before the birth to prioritise which items are essential, and, which can wait.

The costs of a new baby
There is an endless array of items that you could buy for your new baby and once your little bundle of joy has arrived, there may not be time to decide which items are a priority.

Planning which items you need beforehand could make life easier to manage and leave you with more time to enjoy being a new parent.

Here are just some of the things that might be considered for new baby:

Transport : Car seats, prams
Nursery: Cot, crib, Moses basket, blankets, monitors
Feeding: pumps, bottles, cloths, bibs, bowls
Clothing: One piece suits, pyjamas, leggings, booties, socks
Bath time: Toys, tubs, body wash, washcloths, thermometer
Accessories: Pacifiers, toys, books, mobiles
Baby change: Changing table, nappies, ointment, baby wipes

Calculating your own baby costs.
If you are still not sure where to start or what you need, there are many baby cost calculators online to help you identify how much it may cost for the items that you would like. Alternatively, you could always create a simple spreadsheet.

Some of the things to consider:

Income: Salary, benefits, childcare contributions
Outgoings: Living expenses, bills, savings
Potential outgoings: Baby expenses, one off expenses

Once you have identified the potential costs, you can start to plan ahead.

Second hand baby items
The costs for a new baby can soon add up but it is not always essential to buy everything brand new. Many parents turn to second hand baby resources for ideas and advice on how and where to buy.

Some items should always be bought brand new such as car seats, as there is no way of knowing if the item has been in a crash before or been dropped, damaged or weakened.

Short term loans
All new parents want the best for their child and there may be some items that you would like but would prefer to spread the cost of. You might want to start putting money aside each month or consider a short term.

Planning in this way could ease the stress and pressure that comes with a newborn baby. There are many ways to save costs or spread payments when planning for a new baby, however you decide to approach the potential extra bill in baby’s first year, easing the worry could be as simple as forward planning.

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