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- Stockpile diapers during the pregnancy. One of the first things I thought when I found out I was pregnant was, “We will need SO many diapers!” What I found to be a great money saving tip was to purchase at least one box a week through my entire pregnancy.
- Buy second-hand clothing and furniture. Once we found out we were expecting twins, I made sure to scour every thrift store discount day, Facebook Marketplace, and yard sales.
- Borrow items from friends, family and neighbors. Since growing out of some bigger toys and furniture, we have loaned out things like bouncers, swings, and activity jumpers that we knew we wanted to keep “just in case” we have another baby.
- Breastfeed when you are able. Breastfeeding and pumping breastmilk can be a great money saving tip when you have twins. Everyone knows that formula is expensive, and doubly-so when feeding twins!
- Understand Your Current Pre-Baby Budget
- Ongoing Costs to Include in Your Baby Budget
- Explore All Options For Healthcare
- How to Lower Your Infant Costs
- Increasing Your Income to Accommodate Twins
It’s impossible to adjust your spending in a meaningful way if you don’t know how much you’re spending to begin with. That’s why the first step in preparing financially for twins is to understand what’s currently coming in and going out. Creating a written budget ensures you understand your financial landscape and can revisit, make notes and share ...
Medical Bills
Even if you have a decent medical plan, it’s important to budget for higher costs during pregnancy, delivery and post-partum. If your twins are sharing a placenta, there’s the possibility of an unequal share of resources (called Twin Twin Transfusion Syndrome) so mom will have to get more sonograms than with a singleton pregnancy. And once the babies are here, you have regular doctor’s appointments, colds, fevers and all the other fun things that come with human healthcare.
Formula
Breastfeeding becomes twice the task when you’re feeding for two. It’s common for many moms to supplement the breastmilk with formula to keep up with the high demand for food – especially in the early days where babies need to feed once every three hours. If you’re unable to breastfeed your twins, you’re in for a real hit to the pockets with the formula because 1 32-oz can of Gerber Good Start Gentle Pro (the formula we’re currently using for our twins) costs us $36.48. We run through 3-4 can...
Diapers & Wipes
With 6-8 diaper changes a day per baby, twins can easily run through 12-16 diapers per day. At an average cost of $0.25 per diaper, twin parents can spend up to $4 per day on diapers alone. Luckily, we haven’t had to buy any diapers yet because we requested that everyone attending our baby showerbring a box of diapers and we ended up with enough diapers to build a fort. Using cloth diapers can save you a ton in this arena.
Review pricing for adding children to both parent’s health plans
If both parents are working full time jobs, it’s likely that both parents will have access to a healthcare plan for the children. Different companies offer different health plans and have usually negotiated different pricing within the organization. Adding children to your family is a life event that allows you to update your healthcare plan with your company outside of the usual open enrollment period. Explore the price of adding children to both parents healthcare plans. Different workplace...
Ask for pricing when making doctor’s appointments
Saving money on raising children doesn’t stop at lowering costs on paying for health insurance. You will also have to make sure that every appointment you set for your babies (and yourself) are as efficient as possible. You want to get the best possible healthcare at the lowest price. Ask what the price will be for any healthcare services before solidifying your appointment with any doctor, from primary health care providers to eye doctors or specialized care. It’s tempting to ask whether the...
Shop around for the best doctors and prices before finalizing your appointments
Even if you’re satisfied with the out of pocket cost, it could be helpful to check other doctors in the area that provide the same service to make sure that you’re getting the best possible rate on your services. Unless there’s a special reason you want to pay more, you can shop around for your healthcare like you would any other service. We had a terrible experience with this during my twin pregnancy. Because our twins were sharing a placenta, we had to get sonograms every two weeks during o...
Invite Lots of People to Your Baby Shower
One of the best ways to stock up on baby items without paying for them yourself is to have your friends and family gift them to you! Some people choose to keep their baby shower guest list small to keep the cost of the baby shower down, but if you host an inexpensive baby shower, you can still have a large guest list and allow your friends and family to help you out with some of these baby costs. Here’s a list of recommended items you’ll definitely want to ask for at your baby shower.
Use Your Local Library
Babies will not be super interested in toys or books for the first year. While it’s nice to read to them and engaged them with different things so they can practice those motor skills, you don’t have to pay for these items yourself all the time. Check your local library for baby books you want before buying them and use your local library to use baby toys.
Pay off debt
You can release some future funds by paying off significant debts. Every month, your debts add to your monthly bills to your plate. Paying off credit card, car loan or student loan debt, releases those funds to your bank account for spending on family food, diapers or savings later on down the line. Instead of having a monthly payment for your past purchases that money will now be available for you to afford necessities for your new family or live more comfortably.
Luckily, lowering your costs by frugality isn’t the only way to afford the new lifestyle with a larger family. You can also work to earn more money and you may not have to increase your working hours, depending on how you choose to pursue and increase in income.
To keep fueled when you're breastfeeding twins, you'll need 450 to 500 calories above your pre-pregnancy needs for each baby — or roughly 1,000 additional daily calories total. You may need to increase your caloric intake as your babies grow bigger and hungrier.
Oct 26, 2020 · When it comes to making certain that you budget properly for providing care for your twins, just keep in mind that everything is going to be twice as much! Do you have any other tips on how you can budget and prepare financially for having twins? More Parenting Posts . The Day I gave birth to my Twins via C-section Alone; Single and Pregnant ...
Oct 23, 2023 · There are ways to save when feeding twins, though. Purchasing in bulk, finding coupons, signing up for rewards programs, and asking your pediatrician for free samples can help cut costs that add...
- Madison Medeiros
Should I feed my twins together or separately? Each method has its merits. You might feed individually while you sort out the basics, then move to time-saving tandem breastfeeding (nursing both babies together).
Breastfeeding twins together is ideal. Get advice on nursing twins, using a nursing pillow, milk supply and scheduling for tandem breastfeeding. Photo gallery too.
