Making parenting multiples a little less damaging to your bank balance is a very real challenge. It’s the rare parent-to-be who anticipates planning for more than one baby to show up until after that first ultrasound. The Moms have written on this subject on many occasions, so it’s time for another roundup of posts from the HDYDI archives. Here’s what we’ve said about how to afford twins, triplets, and more!
These posts address general concerns regarding the expenses of raising multiples.
- 1+1 > 2 (or How Twins Doesn’t Equal Economies of Scale): Rachel had expected that her twins would share some things, bringing their costs somewhat less than two times that of a singleton. That didn’t quite come to pass.
- Double the Gear: Meredith advises expectant MoMs and DoMs on what to buy two of and when one will suffice.
- Pinching Pennies and Tightening Our Belts…It’s All About Saving More and Spending Less: Krissy looks rising prices in the face and reminds us that MoMs are often financial stewards for their family.
- Wake Up Call: MamaCyn found that the supplies for her first child, paired with thoughtful gifts, kept her from noticing the real challenges of affording multiples, the first few months.
- Back 2 the Future: Baby, You’re So Money: Jen B. looks back on the real financial strain her family was under and wishes she’d explored assistance programs. She might not qualified, but it would have been worth checking out.
- Ask the Moms – To Work or Not to Work? Goddess in Progress discusses the different paid employment paths MoMs may take. Finances play a large part in the decision of whether or not to pursue a career outside the family.
- How to Afford Twins: Introduction: ldskatelyn introduces our 2013 moneysaving post series.
General Approaches to Saving
In these posts, The Moms talk about their approaches to cutting costs.
- Product Review: Used Stuff: LauraC talks about saving by buying second-hand, especially at multiple group consignment sales.
- Product Review: Top 5 Baby Products You Need to Have for Multiples: LauraC identifies products that are worth spending on in preparation for twins.
- Product Review: 5 Products You Can Live Without: She also tells us what not to bother buying.
- Preparing Your Financial for Multiples: Seeking the top 3 practical financial planning pointers to new and expectant parents? LauraC has you covered.
- Saving Money with Multiples Theme Week Round Up: Our first saving-themed week was in 2011. In this post, Jenna summarizes the content from the week.
- Spending that Works for Me: lunchldyd identifies the “extra” expenditures that keep her family functioning.
- How to Afford Twins: Free Activities: RebeccaD and Sadia give a rundown of kid-friendly activities available at no cost.
- How to Afford Twins: Reviewing My Finances: Sadia talks about what she did to make ends meet after her divorce.
- How to Afford Twins: US Government Assistance and Other Resources: ldskatelyn talks about support for low-income parents.
- How to Afford Twins: Get Your Finances in Order: ldskatelyn gives some pointers on spiffing up your finances.
Curbing Specific Expenses
There are a whole bunch of other areas of your life in which you can find savings. For instance, I save on gas by telecommuting one day a week and filling up at the grocery store pump, where the prices are always lower than at the gas station. We’ve put together a few more targeted saving-related From the Archives posts, specifically on food, diapers, clothes and gear and childcare.
Here are some other specific saving ideas from The Moms.
- Your Registry Cheatsheet: Krissy helps out first-time moms with her suggestions for what to buy before the babies show up. Don’t forget to check out the comments for advice from our readers!
- Room for Two: Reanbean‘s twins share a room, meaning they didn’t have to buy a new house right away.
- Pimp My Ride! The equipment needed to transport multiples can add up. Jamie gives us some pointers on ways to cut those costs.
- Planning a Date Night for the Whole Family: Sara points out that you don’t always have to hire a babysitter to have a date night if you bring the kids.
- Photographing Babies: lunchldyd talks about how to make the most of a photo shoot with littles.
- Guest Post: Design Tips to Make Room for Two (or More!): Mike Freiberg from HomeDaddys gives some ideas to how to furnish your home to accommodate more than one new little person.
- From the Archives: What Do I Really Need for Twins?: ldskatelyn talks about what she really needed and what she found she could do without. As you’ll see in the comments, one mom’s trash is another mom’s absolute need!
- How to Afford Twins: Making the Most of Memberships and Subscriptions: Sadia talks about how to invest wisely in memberships and get the biggest bang for your buck.
- How to Afford Twins: Make It or Do It Yourself: RebeccaD shows us that you don’t have to buy everything. I little creativity can save a lot of money.
- How to Afford Twins: Cutting Back Expenses: MandyE talks about the expenses she cut after her twin girls joined the family.
What expenses would you like advice on cutting?