Congrats on your burgeoning bundle of joy! But while you celebrate becoming a mother to this precious life, you’re probably also thinking about all the expenses that come with having a baby in our expensive city.
It’s not secret that pregnancy is going to cost you quite a bit of cash—and we’re not even talking about the actual costs of bringing up this new addition to your family.
Your spending during pregnancy and delivery stages will fall into two broad categories as follows: medical costs and baby stuff.
To minimise the damage, figure out what the expenses you’ll have to incur ahead of time. Next, sign up for credit cards that can maximise the cash back, air miles and rewards you get from your spending.
The credit cards you should apply for when you’re expecting a baby in Singapore
Since you’re going to spend a ton of money, you can also earn a ton of air miles/cashback/rewards points by strategically using your credit cards to pay for the above expenses.
We can roughly divide the above expenses into two categories: medical and retail.
For medical expenses, the best you can do is to find a credit card that offers a good rate on cashback or air miles for general spending. Even better, look for a card that offers great promotional cashback/miles/rewards points conversion rates for a limited time when you sign up, and then apply for it just before you incur the expenses.