A thrifty mum has worked out how to save thousands of pounds on baby clothes after making one simple promise to herself.
Jennie Crook admitted that she had initially splashed out on a few ‘big ticket items’ when her daughter was a newborn.
But as the money added up, she soon realised she would need to find a way to cut back on her spending.
Jennie made one simple promise to herself – to only buy second hand clothes for her 10-month-old daughter, Martha.
Having a baby is not cheap, in fact, the first year alone could set you back anything between £1600 and £7200, excluding childcare, according to the Money Advice Service.
Radio presenter and podcaster Jennie, 37, is so pleased with how much money she has saved, that she has now vowed not to buy any new clothes for herself this year – purchasing only charity shop items or hand-me-downs instead.
Jennie, who lives in Glasgow with husband Euan Lloyd, 37, says she’s saved a fortune buying baby clothes second-hand – and is also keen to avoid waste and do her bit for the environment.
Jennie said In the beginning, we did buy a few big-ticket items. When you have a newborn, you don’t know what you’re doing and are sleep-deprived so you’ll try anything.
We bought a chair that rocked backwards and forwards that cost about £100. We only used it for a couple of months then Martha didn’t like it any more.
We’d received quite a few second-hand things from family, including a cot and clothes, and were given new clothes as gifts.
We probably didn’t have to think about buying Martha clothes until she was about ?six months old.
Jennie was shocked by the cost of new baby clothes. Then she discovered Merry-Go-Round boutique – a social enterprise and registered charity – in ?Glasgow’s Pollokshields.
It stocks second-hand baby items such as clothing and shoes from 50p, big items like prams and furniture at a fraction of the high-street cost and offers deals on baby and child essentials.
The charity was set up to help families save money on baby essentials but also aims to encourage the buying of second-hand items rather than new.
Merry-Go-Round is a Revolve-certified store – one of more than 100 across Scotland selling second-hand goods.
We all want to have a healthy savings buffer – be it to protect from unexpected bills or to spend on something we want.
So here are our top 5 tips to either creating or growing your savings
Know how much you can you save – There’s no point saving £50 and then going £30 overdrawn as a result. In fact, that will leave you worse off. So make a budget and work out what you can realistically afford to put away.
Know what you’re saving for – Will you need the cash at short notice? Are you saving for a house? For your retirement? A holiday? Because what you’re saving for drastically changes the place you should put your money.
Maximise growth – Depending on what you’re saving for your money is best placed in different places. If you just want emergency cash, you need and instant-access account. If it’s for retirement your money is best placed in a pension. For a holiday a regular saver might be best. Whatever you’re saving for, compare accounts to make sure you’re getting the best deal.
Automate it – Once you know where the money’s going and how much you can save, set up a standing order, ideally just after pay-day. This means the savings happen without you thinking about it and you don’t spend the money. Remember, you can set a few of these up, so some cash goes to instant access savings, while other money goes to your ISA or pension.
Keep watching it – A lot of the best-buy rates drop after a year, while other accounts can change too. Keeping on top of the rates you’re getting, as well as checking to see if it’s time to move the money are both important things to watch for. But more than that, seeing the growth will show you progress and let you know when you reach your goal.
Jennie said Merry-Go-Round sell everything you need for a baby or a small child and we found everything we needed. I donate items as well if I haven’t passed them on to friends.
If you donate, you get 10% off your next purchase. They also help families and are in touch with organisations who refer people to them. If someone is going through a difficult time, they can be referred.
Jennie loves buying clothes for herself but has opted to cut back.
She said This year I’m going to try not to buy new clothes for myself. I’ve got plenty. If there’s something I really need, I’ll see if I can find it in a charity shop.
It’s a mixture of trying to save money and making more use of the clothes I’ve got.
News Source MirrorNews