Raising kids is a challenging feat, not just in terms of parenting but also in managing finances. Taking care of kids can be quite expensive, and it’s no wonder that several couples decide to put off their plan of having kids until they are financially secure.
So, if you’re interested in saving enough money in the long run but don’t wish to compromise on your or your kids’ quality of life, you can breathe a sigh of relief because it can be done. You don’t have to start skimping every chance you get; it’s all about saving strategically so that you can lead a financially stable and secure life. Continue reading our post as we list down 7 ways to raise a family and save some money by taking advantage of certain opportunities.
1. Create A Wish List For Your Family And Friends
You may not win any awards for Miss Manners, but it’s the perfect opportunity to save tons of money during birthdays and special occasions. Think of it more like guiding your family members and friends on what your family or kids would want when they are clueless about gifting. Instead of receiving a million useless toys, you can ask them for specific gifts that would prove to be useful. In fact, your guests may really appreciate your guidance on gifting, especially since many of them won’t have any idea what to gift a 6 or 12-year-old. Of course, just be sure that you don’t add items that might be too steeply-priced.
2. Compare Prices Online
Whether you are shopping for groceries online or have a dedicated store in your neighborhood, it’s always best to compare prices to make sure you’re getting the best deal. Sometimes it could be years before you realize that you could’ve saved tons of money by purchasing groceries or other stuff online. Also, look out for any offers and upcoming sales so that you can get the best deal and resist the urge for shopping in bulk unless you’re sure you will go through them, and the products won’t meet the expiration date anytime soon.
3. Skip The Gym
Try to make an effort to follow a strict workout schedule from home. If you barely made it to the gym in the last couple of weeks, it’s time to cancel that membership. Realize that you don’t need a swanky gym to stay fit; you can do it in the comfort of your own home and save time on traveling as well. Find a nice quiet corner in your house away from any distractions and sweat away.
4. Thrift Strategically
You can get high-end brand products if you know just where to shop and at what time during the year. From top high-end appliances to the best educational toys, you can get everything for half the price on the thrifting scene. Consignment shopping is another way to save tons if you know where to look.
5. Don’t Get An Official Babysitter
Because then you would have to pay them. Know that you’re not skimping here. Simply ask your friend or any of your family members to watch your kids while you’re away. It’s best to let them know early on so that they can plan accordingly, or you can find someone else if the first person you call isn’t available. Think about it: why pay a teenager $10 an hour for watching TV and raiding your fridge when you could be saving that money for dessert? And remember to return the favor to your friend or relative when they need someone to watch their kids. This way, you’re mutually supporting each other and saving some cash.
6. Ask Around About Free Days
Several aquariums, zoos, and children’s museums offer family days or free days once a month or so. The offer may include special activities and presentations for kids. You can even get free guest passes with memberships.
7. Prepare Your Own Takeout
If you’re someone who struggles to whip up a quick delicious meal and rely on takeouts more often than you’d like to admit, it’s time to learn a few easy recipes using the slow cooker. You can prepare everything from spinach and ham soup and honey pulled pork to meatball stew and peach salsa pork roast without spending all your time in the kitchen. Another trick is to buy a few staple products (read: Dijon mustard, canned beans, canned tomato paste) for your kitchen that makes every recipe easy and ensures that you don’t have to prepare everything from scratch.
And lastly, let’s not forget the classic old hands-me down approach, which we’re sure you might’ve already started to follow. We hope our list of budget-friendly tips will come in handy when it comes to saving enough money to remain financially stress-free as parents.
Do you have more tips to add to our list? Feel free to let us know in the comments below.