HOW TO SAVE MONEY ON TWINS
FROM LOOP HQ
How to Save Money on Twins
Written by: Lauren Reinhard
Published: December 15, 2022
We heard that you’re expecting twins! Congratulations. You are about to receive two sweet scoops of cuteness, so get ready.
Of course, we know that this is an exciting time filled with enchanted dreams of your soon-to-arrive duo. But we also know that every now and then, creeping doubts may push through. Questions like, “Can I really afford to have two babies?” could be running through a constant loop in the back of your mind.
If you find yourself stressing about money, you’re not alone. Most families stress about the expense of one child. When you’re expecting two, the pressure may feel insurmountable. Fortunately, there are many ways to cut expenses when you’re expecting. In this post, we’ll teach you how to save money on twins.
This is probably a given, but when you’re wondering how to prepare for twins, it’s smart to cut back on your spending. If you can up your hours at work, at least for a bit, that may help too. Having an extra cushion of backup cash may be helpful once your little ones arrive.
Take Another Look at Your Insurance
When you are asking how to prepare for twins, take the time to reconsider whether your current insurance coverage is really enough. And if your employer offers the opportunity, take them up on any health savings or flexible spending accounts. With these programs, you can set aside a portion of your income, pre-tax.
Cut Back on Your Spending
Every soon-to-be parent feels the urge to buy all of the cute things. Resist this urge by taking the time to make a list of what you actually need for the babies.
Diapers, baby wipes, and formula alone will take a big chunk out of your budget. So those extra cute, extra expensive baby moccasins may not make the cut.
Rent What You Need
You could spend thousands on items you need for the new babies. Between a bassinet, crib, wagon stroller, car seat, and rocker, you might break the bank before your babes even arrive.
Or you could rent some of the big items you need and break your costs down into smaller monthly payments.
At Loop, we handpick a lineup of top-rated, quality products for our clients to choose from. If you’re wondering how to plan for twins, our resources are a great place to start.
After you’ve selected the items you need, you can opt for either a monthly or annual payment plan. Each product will arrive fully assembled and ready to use. And once you’re done, you can easily return it or swap it out for a more age-appropriate necessity.
Remember, You May Not Need Double the Stuff
With two babies on the way, you may feel tempted to buy double everything. But before you get credit-card-happy, take a moment to consider if you need to make every purchase in twos. When it comes to changing tables, baby slings, and rockers, you may be able to get away with just one.
If you’re on the fence, buy just one of something. You can always purchase another product once the babies are here.
Make Your Own Baby Food
At first glance, making your own baby food may seem outside of your wheelhouse. But remember, no six-month-old needs a six-course gourmet meal! In fact, a baby’s palate and dietary needs are very simple. All you will need are some vegetables, a steamer, and a blender to get started.
For more complex recipes, do a quick online search. The internet is teeming with good ideas on the subject. And if you’re curious about when to introduce different foods, talk to your pediatrician.
Buy Certain Items in Bulk
Some items can’t be rented or made. If you plan to go the traditional route with diapers and baby wipes, those items alone can put a strain on your budget. To keep the process as cost-effective as possible, we recommend that you buy those items in bulk.
You could also look for the following materials wholesale:
- Laundry detergent
- Baby shampoo
- Sippy cups
- Grab-and-go snacks
With these items in your arsenal, you’ll be prepared to handle all of the financial highs and lows of having two babies.
Wondering How to Save Money on Twins? Let Loop In
At Loop, we know the answer to the question “How to plan for twins?” is different for each family. That’s why we offer a range of Loop Memberships – to cover all of the possible bases. If you are expecting twins in the near future, check out our service plans and product catalog.
And if you don’t find what you’re looking for, get in touch. We’re here to make your foray into parenthood a successful, happy, and stress-free time.
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