Five Ways To Save Money, Even When You Have Kids

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Saving money when you were single wasn’t so hard. It just meant visiting the coffee shop a few less
times a week. All that changes when you have kids.
Any parent will tell you that saving money becomes an uphill battle the instant that first little bundle of joy is born, and it only gets worse as they age. Many parents throw their hands up in defeat because it’s just easier to keep chugging along instead of taking the time to find ways to save a little cash.It doesn’t have to be hard! With these five tips, you’ll find that saving money when you have kids is easier than you thought.

Mother strolling with newborn

Look for Ways to Reduce Fees
People without kids pay all kinds of fees, but if you have children, you end up paying even more. No
matter where you are in life, it pays to look for ways to reduce fees.
A few ideas include:
 Using a low-fee money transfer service, like Remitly, to send money to children and family in
other countries
 Reduce subscriptions, like TV, music, and gaming services, that the kids don’t really use
 Help your college student find student loans with the best interest rates
Shop the Sales and Buy Second Hand
Kids grow like weeds. The second you buy a new dress for your toddler or a new pair of shoes for your
teen, they have already outgrown them.
You’re just throwing money down the toilet if you buy new, full-price clothing for your child. Instead,
buy items second hand. Because babies and toddlers grow out of clothes so quickly, you may even find
stuff that has never been worn before.
If you have a tween or teen that can’t fathom buying stuff at the thrift store, shop the sales instead.
Look for coupons and consider loading up on clothes at the back to school sales. You can save a bundle if
you go shopping on the back-to- school tax-free weekend!

Limit Pay-To- Play Extracurricular Activities
It is important for your child to be involved, but that doesn’t mean you have to spend hundreds or
thousands of dollars on extracurricular activities.
Limit pay-to- play extracurricular activities by allowing each child to choose one thing they are passionate about that you’re willing to pay for. Then, get creative with free or low-cost activities in your area that might include:
 Boy or Girl Scouts
 Arts and crafts at the local rec center
 Gardening club
 Sewing class
 Mathnasium, or another academic club

Just because your kid should be involved in activities outside of school doesn’t mean every minute of their day has to be planned! There’s nothing wrong with spending lazy afternoons and evenings playing at the playground and watching movies, especially since it will save you a ton of cash.

Reduce Gifts
It isn’t uncommon for parents to get excited on birthdays and holidays where gifts are the norm.
Unfortunately, many parents go into debt trying to create the perfect Christmas experience for their
children.
Tons of gifts are fun in the moment, but a few thoughtful gifts are more meaningful than a truckload of presents. Reduce what you purchase for your little ones and they’ll be more likely to remember what you bought them years later.
Another idea is the four-gift rule. On Christmas, you purchase something to wear, something to read, something they want, and something they need. It will force your kids to think about what they really want for Christmas, and it will keep you from going into debt whenever the holidays roll around.

Learn to Say No
Saying no to kids can be hard. Especially if they’re having a meltdown in the grocery store and their
favorite treat will make the crocodile tears disappear right away. However, it’s much better to say no toy our kids.
By saying no, you’ll teach your child that it’s okay to say no, and it will help your child deal with
disappointment. It can even teach your child to retain their creativity as they age.
The best part about saying no is that you’ll save wads of cash, and you no longer have to worry about being held hostage in the toy store when you learn to say no.
Saving money when you have kids doesn’t have to be as hard as you thought. Although it does take
some determination and forethought, with these four tips, you can continue bulking up your bank
account even if you share your home with little ones.