Two schoolfriends launch marketplace Hay-De to cut cost of becoming a parent.
A new subscription service offering to save new parents up to 75% off the cost of stuff for their newborn has been launched.
Hay-De is a baby equipment rental and exchange marketplace, while parents can also trade in items they no longer need, exchanging them for other equipment or toys. The service was created by schoolfriends Hayley Tulett and Dean Holloway.
Dean says, “The cost-of-living crisis is eating into everyone’s disposable income, but new parents are more exposed than most. Having a new baby has never been cheap, but rising costs now mean many parents could soon struggle to afford to buy all the equipment they need.
He adds, “That’s where Hay-De can help; our marketplace gives parents more options, allowing them to spread the cost of baby essentials. Renting or exchanging baby equipment also helps the environment, by ensuring toys and other nearly-new items are not sent to landfill – but instead find a new home with another family.”
All items listed on Hay-De undergo a thorough cleaning and inspection before being delivered to customers across the UK. Parents need only keep them for as long as needed, and allows them to try things out, to see if they are the right fit for their family before committing to a purchase.
Recent analysis by Money Helper shows new parents spend an average of £500 on nappies, clothes and baby equipment during the first month of their baby’s life.
Similarly, more than eight-and-a-half million new or nearly-new toys are thrown away every year in the UK.