Ways To Save Money While Raising Children

Raising children in today’s world can be really expensive. Parents generally do not realize early the full extend of the costs. A CNN report about the cost of raising a child says the graph has incremented more than 40% in the past ten years and still going up. Here we have few ways that may save you a lot of money. You don’t have to make drastic changes to save some money, and your child still has an incredible childhood. Instead, small changes in you and your lifestyle can save a large amount of money. Here we have few suggestions that can help to save money while raising your children.

1.Meal Planning

Planning your monthly meal can make a big difference to your monthly spending. It requires a little bit of forwarding planning, but if you know the meals a week ahead, you can save a fortune. Once you have a monthly or a weekly meal plan, now you have a list of total ingredients you’ll require for the meal. This means you are more focused on the retailer shop or the shopping mart. Please make a list and stick to it when you buy items for the kitchen.

2.Buy in Bulk

Save money by purchasing goods in bulk. You can buy Pulses, Rice, Flour, Spices, and much more in size and store it in the kitchen boxes. This works much better if you have a big freezer, then you can buy vegetables, eggs, cheese, butter, and products that require freezing if you want to store them for quite some time.

3.Don’t buy baby clothes far in advance.

Newborn babies can suddenly grow in their height, and the clothes may be short for them if you buy them early. Buy clothes when necessary. Don’t buy clothes for your children for any future party very early.

4.You can buy second-hand special-occasion clothes.

You can just visit any local consignment shop and can choose and fancy dress for any party or occasion at a meager price. Chances are its previous owner wore it just twice or thrice.

5.Borrow books, don’t buy

Visit any local library weekly and attend events to borrow books. You can borrow storybooks or comics from the library and return them when your child finishes reading that book.

6.Start a Money Jar

You can start filling a money jar for the rainy days; you need to look for the pennies, and the pounds will take care of yourself. When your pot is complete, you’ll be surprised how much you have amassed.

7.Pay with real money, not contactless.

Contactless cards are really very convenient, but it is a little too easy to lost track of your spending when all it takes is a quick tap to pay.

The Global Child Prodigy wishes you Happy Parenting!!

Also read: Does parenting get easy?