Do you find yourself having too much month at the end of your money?
If you are a parent, it is likely that it seems that if it isn’t one thing it’s another when it comes to the cost of raising kids.
There are birthdays with the inevitable parties and party favors not to mention the presents that each child expects.
Then there is the cost of sending them to school with the proper supplies as well as paying all of the fees for activities and school events.
Once those costs are paid, along comes Halloween and Christmas.
It is a never-ending season of spending.
With some family budgeting, however, it is possible to get a better handle on the expense of raising your kids.
When it comes to family budgeting, parents take note that kids do not need parties that cost thousands of dollars for every birthday. In fact, they don’t need them for any birthday. If your child wants to have a birthday party, let him. Tell him he can invite two or three friends over. Bake the birthday cake yourself and hit the dollar store for some novelty party favors.
When it comes to presents, buy one or two toys. If you really want to buy a big ticket item such as a WII or Play station, save for the item throughout the year leading up to the birthday, and buy it when it is on sale. In the long run, though, kids want your time and attention rather than gadgets, so don’t feel guilty in saying “no” to that big ticket item if you really can’t afford it.
At back to school time, the same premise applies. That is, there is no reason to load up on all the “latest” school supplies. Rather, buy the least expensive crayons, glue, paper and pencils that you can find. Often chain stores such as Wal-Mart have great deals on this stuff.
Also, keep in mind that it is still warm in late August and early September, and so there is no reason to load up on fall school clothes all at once. Just buy a few essentials and wait until there are sales to buy sweaters and boots.
One of the most important aspects of family budgeting is to remember not to feel pressured by marketing that tries to tell you when you “should” purchase something.
Christmas and Hanukah can cause a struggle if you don’t employ family budgeting techniques throughout the year. By saying no to some things and putting a little money away each month in a savings account, it is possible to save up for holiday gifts for the whole family without feeling a big pinch in January when your credit card bills come in.
Article by Jackie De Burca
About the Author : Jackie writes for a financial blog where you can find this free budget planner tool and see the tips on how to change your mental/emotional attitude. The blog is managed for a faxless payday loan company in the UK, called Uncle Buck. http://www.uncle-buck.co.uk
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- How to Budget | Free Printable Budget Worksheet (faithfulprovisions.com)
Category: Healthy Lifestyle