Having a baby is an extraordinary experience. Whether you are able to have your own, adopt or by some other arrangement it is so exciting. The anticipation is magnetic and you can find yourself in a whole new world. One filled with decisions to contemplate, things to learn and looming responsibilities. There are stores and websites which sell everything you need, stores which you’ve never noticed before.

Like any other major life event, it’s worth doing a little planning. It can seem like a bit of a drag to think about the financial impact however a small amount of preparation can make a big difference later on.

There are several phases to consider and Dear Piggy will highlight each one over the next few posts.

1. Planning & preparing for the arrival
2. Baby has arrived
3. Maternity leave is coming to an end
4. Life with young children
5. What’s next?

Part of the process is preparing a place for the baby to sleep. For many, decorating the nursery is a big step in visualizing reality. As well as a place to sleep there are clothes, a stroller, a car seat and endless other baby products.

Depending on how much you choose to prepare, these purchases can add up VERY quickly. Especially if you buy new and if you buy everything on your list before you need it. It’s not a bad idea to do a little research – how many strollers do you really need? I thought a friend who admitted that she had 4 was out of her mind. 4 or more is not uncommon! There are strollers on the market that adapt as your needs change. One that takes an infant car seat, one that rides over uneven terrain, one that folds up compactly, one that travels well, one that carries 2! The list can go on. It’s worth doing the research to find out what you need before you make the investment. They can cost anywhere from $40 for an umbrella stroller to well over $1,000. Or you can buy the $1,000 stroller for $250 second hand. Believe me, a new one won’t look new for very long!

Children change quickly in their first years and as a result, baby equipment is in your life for only a couple months. Where do you want to spend your money? There are many expenses on the horizon – informed choices can afford the future lifestyle you envision.