6/10/2005

Secured loans: Plan your baby's arrival financially


It's like you are in the seventh heaven waiting anxiously for that master event to take place. Dying to see and feel tenderly those soft little hands, holding your fingers gently. You feel completely satiated with that single glance of your little heart, your baby. Before that special day arrives in your life, you enthuse yourself in buying all items for your toddler.

While dashing out money in a state of excitement, no one wants their funds to get exhausted. If your plastic cards have been washed-out, don't get upset. Your requirements can be met with secured loans loaded with conducive offers. In presence of your home working as an asset to the lender, you get benefits at throwaway rates. Your finances are arranged at low interest rates with huge borrowings. Extending your benefits to minimum monthly repayments, time duration to clear off your debt is stretched to 25 years.

But the real challenge comes when you put your finances into usage. To avoid any pitfalls and save some money while shopping for your baby, make a little effort in reading ahead for consuming your secured loans wisely.

Make a good guidebook your shopping bible
One of the most important step that must be taken by all expectant parents is to buy a great book on baby bargains. There are plenty of books providing comprehensive information on do's and dont's for the tiny tots. Updating your knowledge immensely on baby furniture, clothes, toys, diet, maternity and much more, can save 20%-50% of your expenses.

Plan your budget
While planning for your baby's shopping list, keep in mind the amount to be spent. Probably, this would be new to you, buying toys and other baby items, and you might not have sufficient idea about the prices. For this reason, keep some money in your account for expenses that will come later. Keep money aside for hospital bills and day care in advance.

Add and accept necessary Donations
Don't always follow the policy of " all new-things for my first baby." Give a chance to your friends and relatives to rack up your baby's store with their outgrown baby items and clothes. By accepting and sorting out, you will be happy to save more money.

Shopping receipts can do the most
Don't tear off the shopping receipts of your baby's items. Babies usually grow quickly leaving many of the items untouched. You can exchange them with a bigger size, if you have the receipts.

Extra money to meet splurges
Many a times you tend to make splurges in excitement of your new born. Expect some splurges so as to avoid havoc on your budget. Parental splurges are also expected during this time of the year. Dining out often, taking pregnancy massages frequently can add on to your expenses. Don't be shocked to see money going on this. Expect them and prepare for it in advance.

Isn't it easy to save a bundle and make a wise use of your secured loans...!!!

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