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Having a Baby? 5 Things You Shouldn't Overspend On

by Maurie Backman | Nov. 15, 2019

The Ascent is reader-supported: we may earn a commission from offers on this page. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.

There's no need to bust your budget on these items.

Having a baby is an incredible experience. It's also an expensive one. 

My savings account balance took a serious hit each time I gave birth, both due to lost wages and the various unavoidable expenses that come with having a child. But one thing I learned along the way is that you can save a bundle at a time when cash is probably tight by knowing what baby items not to spend money on. Here are a few things that, in my experience, are nothing more than a glaring waste. 

A baby swaddled in a blue blanket and hat.

Image source: Getty Images

1. A high-end crib

Here's a news flash about babies: They often don't like to sleep in cribs. Mine were far more likely to nap while riding in a car, rocking in a swing, or cozying up in my lap. There did come a point when they were given no choice but to spend hours upon hours sleeping in their cribs. But trust me when I say that at that point, they didn't know, or care, that I bought the cheapest cribs possible rather than forking over a fortune like some people I know. 

Tempting as it may be to buy a gorgeous mahogany crib that looks like a catalog feature, don't do it. It's not a piece of furniture you'll use for the long haul, so you might as well save your money for other things. 

2. Fancy baby clothing

Sure, it's fun to dress your baby up in fancy attire, take pictures, and revel in the cuteness of a six-month-old in a suit or tuxedo. But wasting money on expensive baby clothes is a move you'll most likely regret. 

For one thing, babies outgrow clothing in the blink of an eye, so the nice outfit you think you'll get lots of use out of will most likely only be worn once or twice. Secondly, babies have a knack for soiling themselves at the least convenient times -- when you're at the supermarket without spare diapers, smack in the middle of your older child's holiday play (hint: happened to me), or when they're wearing that one outfit that cost six times as much as the rest of their clothes. You're better off buying cheap clothing and replacing it as needed. 

3. Baby shoes

Most babies don't walk until they're close to a year old. And even when they do start hobbling around, they're better off doing it barefoot. The point? You don't need baby shoes early on, so save your money while you can -- because once your child is old enough to require shoes, you're likely to find that they cost as much as adult shoes, but last a fraction as long.

4. A baby food blender

If you're planning to make your own baby food, you may be inclined to purchase one of those multi-hundred-dollar baby blenders. After all, you'll need to puree the heck out of those fruits and vegetables so they're safe for a baby to digest. But you know what else does a good job of blending baby food? A regular blender. Chances are, you already have one at home, or you can find one at the store for $30 or less, which makes much more sense than forking over five times as much for a similar item with a smiling infant on the box. 

5. A bottle sanitizer

It's important to keep infant feeding items sterile -- but you don't need an overpriced bottle sanitizer to accomplish that goal. Instead, stick your bottles in a large pot of boiling water and call it a day. Or, if your bottles are dishwasher-friendly (which many are), run them on the sanitize cycle when you do your dishes. 

Let's be clear: There are plenty of things you must spend money on when you have a baby, like diapers, wipes, and a car seat. But if you're on a tight budget, don't bother with the above items. 

And if you do have a little extra money lying around, use it to make your life easier as you grapple with the challenges of raising a baby. That could mean springing for a babysitter here and there, or paying for meal delivery when you're too exhausted to cook. And remember, the baby phase doesn't last forever -- so try to enjoy it while you can, despite the financial challenges. 

These savings accounts are FDIC insured and can earn you 12x your bank

Many people are missing out on guaranteed returns as their money languishes in a big bank savings account earning next to no interest. Our picks of the best online savings accounts can earn you more than 12x the national average savings account rate. Click here to uncover the best-in-class picks that landed a spot on our shortlist of the best savings accounts for 2021.

Two top online savings account picks

Rates as of Feb. 15, 2021 Ratings Methodology
Logo for CIT Bank Savings Builder
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CIT Bank Savings Builder American Express® High Yield Savings Account
Member, FDIC Member, FDIC
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5.0 stars
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Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.0 out of 5 stars.
5.0 stars
ToolTip Icon for Star Rating. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. = Best
= Excellent
= Good
= Fair
= Poor
Open Account

On CIT's Secure Website.

Open Account

On American Express' Secure Website.

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APY: Up to 0.40%

APY: 0.50%

Best For: No monthly maintenance fee

Best For: High APY

Min. to earn APY: $25k or $100 monthly deposit for highest tier

Min. to earn APY: $0

About the Author

Maurie Backman
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Maurie Backman is a personal finance writer who covers everything from savings to retirement to healthcare. Her articles have appeared broadly on major outlets such as CNBC, MSN, and Yahoo.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from Bank CD rates editorial content and is created by a different analyst team.

The Ascent is reader-supported: we may earn a commission from offers on this page. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.

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