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Having a baby is expensive. Here are few tips to help you keep costs under control:

Prepare a budget. Try to cut back on expenses as much as possible before the baby arrives. The better shape your finances are in, the more options you will have when it comes to maternity and parental leave. FCAC’s budget calculator can you help you get started
Consider buying second-hand items.
- When buying used furniture or equipment, make sure the items are still safe for your child.
- Check charity shops, second-hand baby stores, garage sales and online.
- Find out the retail price of new items so you get a good deal.
- Consider hand-me-downs from family and friends.
Plan ahead for large purchases such as a stroller, crib or car seat, and spread out purchases so you do not have to pay a large amount of money for items at the last minute.
Don’t buy baby items too early. Friends and family may lend you baby items or you may receive them as gifts.

Keep a list of what you need, or sign up for a baby registry at your favourite store, so you can make the most of baby showers and get what you really need.
Make your own baby food. Make up multiple portions and put them in the freezer.

Maternity and parental benefits
How to apply and how much you will receive.

Reviewing your family’s insurance needs
How having children affects your insurance needs.

New parent financial checklists
Get organized. Checklists to help you prepare financially before and after the baby arrives.

Saving for your child’s education
Get started as soon as you can to minimize potential student debt.

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