Married, single, dating, mother, daughter, nanny or even a company’s president, no matter who you are in this world, saving money is always on the list of our priorities especially if we have already settled down and raising our own family. However, raising kids can be very costly. They say by the time your child reaches 2 years old, most average living parents have already spent more than $19,000 since birth. So, the question here is how are you going to save up or maximize your saving while you are raising your child? Here are some helpful tips.
Saving Tips for Mommies and Daddies
•Cook for the family.
Instead of dining out to your fave resto every friday or every weekend, cook and eat at home. Who says you won’t be happy with that? As long as you are together with the ones you love, you can find ways to be happy and healthy. Save dinner outs for special occasions.
•Don’t replace stuffs that are still good and working.
Even if your refrigerator is not brand new, as long as it is still up and running well, you don’t really need to buy new one. Keeping up with trend is costly. If your budget is just right, better save it up instead of buying things you don’t really need at the moment.
•Go for preloved and secondhand stuffs
Buying baby’s car seat or high chair? Look for preloved stuffs online. Trust me, there are still really good deals you can find there. Everything doesn’t have to be new, especially things that will be seasonal such as those. Your baby won’t use them for 10 years by the way, so as long as it’s in good condition, then you’re good to go!
•Simple Home is okay, people inside matters the most
Let’s admit it, mortgage and housing can really, really be costly. But if you are on a tight budget and aims to save more than to spend, go for a simple one. As long as there is roof above you and your family, walls to keep you warm and secured, you can fill the inside with love and care. Truly, a peaceful and happy home is more important than an expensive house with parents worried about loans, savings and expenses.
•Relationships aren’t costly. Build a strong one
Instead of going out every weekend to bond with the family, stay at home and do fun stuffs together. Learn what your kids love and explore with them. Bonding and going out is sure fun too, but it doesn’t have to be in a regular spending manner especially if you loom forward on saving for the kid’s future too. Spending time with kids no matter how simple (as long as it’s fun) your activities are will surely be appreciated.
•Teach your children to save and value money as early as 3 years old
The more they will see how much important it is to save, they will learn it by heart too. Also, be an example in showing your kids how to be a smart spender and good saver. Refer to this article for guide on teaching your kids how to save money.
Preparing for our kid’s future and saving up for the family is very important especially if you are really not that well off. You can always look for ways to spend and bond with the family without spending too much. Trust me, in the future, you will see that your kids will be thankful for you.