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If you are expecting a new member of the family quite soon, then it is high-time to start thinking about equipping your home with all the essential things needed for a baby. Of course, this magical experience is not going to come cheap, so it is a good idea to start thinking how to cut the costs and save on baby equipment. From diapers and baby formula up to baby strollers and cribs, there are countless ways you could prepare your home for the new arrival but not going bankrupt in the process. So here are a few ways to preserve your wallet:Online CouponsWhy go full-price when you can significantly reduce the costs of certain items? The best you could do is use the little free time you have to surf the web in search of coupons and discounts. Many major companies and manufactures give out coupons for simply signing up for their newsletters. Also, there is a bunch of parenting websites that give out coupons for diapers, baby formula, bottles and other crucial items. Not only this, but you could also check parenting newspapers, as it not uncommon to find some great deals.Second-hand ShopsMost people who are buying for their newborns only wish to purchase the most quality, top-notch equipment. This is completely understandable, as we all wish only the best for our little angels. But it is a common misconnection that the price equals quality. Also, many people have an aversion towards second-hand shops that sell used items. This is quite a shame as most of these shops offer top-notch gear in great condition for a much cheaper price. You can score a great deal on cribs, strollers and even some amazing baby clothes.MultipurposeAnother great way to save up some money is to look for gear that can be used in more than one way. For instance, you really do not need a separate changing table and a dresser, when there are stores that combine the two into one item. Also chairs that transform into booster seats or cribs that can be made in a toddler bed are quite popular nowadays. Not only are they practical but they can save you lots of money in the long run.Dress up (Or Down)Another common mistake by new parents is the habit of overstocking with baby clothes. Quite often it turns out that this is a complete waste of money, as babies tend to grow out of these very quickly, so you get stuck with all these brand new baby clothes that simply do not fit anymore. The best advice is not to overbuy on clothes, but to purchase as your baby grows. Equip your home with only the essentials like a baby swaddle, body suits, stockings and mittens when they are still quite little. Also, do not hesitate to ask siblings or close friends to donate some old clothes if their children have already grown out of them. Accept HelpLastly, do not think that you need to do everything by yourself. Be willing to accept help from your friends or family members. Letting your siblings take care of your baby can cut the costs of babysitters or those pricy child centres. Also, accept used things, clothes and equipment from friends whose children do not need them anymore. There is nothing wrong in asking for assistance.There are two sides of every coin, so do not think that this wonderful experience will not be troublesome. Babies are a huge responsibility and require many things. Do not think that cutting back on certain items is bad parenting. Providing your baby with everything it needs while balancing your finances is only mature and responsible behaviour.