4. Buy Bonds

Here’s a little tip that you might not have been aware of:  bonds are a great investment in the future. Why? The government guarantees them. This beats a broker in a suit telling you you’ll have fame and fortune if you invest in a pager company in India. You can purchase up to $30,000 a year in bonds, which the government guarantees, will be worth $60,000 in 20 years. Even if the market is bad the government will back them. It is worth given them a second look.

5. Make Sacrifices

I’m hoping no parent has ever said “I want to give my kid the world…as long as it doesn’t interfere with the NFL Sunday ticket.” You brought a child into the world with the acceptance that they come first, so if you are serious about saving to take care of them then you need to cowboy-up and get rid of some creature comforts. Getting rid of your cable and your home phone line can save you over $2,000a year. This could be the difference between adequate daycare.

6. Clip Coupons

Coupon-clipping is fashionable again. Coupons may seem time consuming to scan, but the savings for smart shoppers can be enormous. Saving $0.40 on toilet tissue might not seem like much, but that’s an extra $20 a year just from that. You have to be willing to win the small battles to end up ahead.

7. Consider a Second Job

This might require more energy than you can muster,  but it can really pay off when the baby comes. Picking up an extra shift or working from home on the side can be extremely helpful for your pocketbook, even if it’s just for a few months.

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