Saving Tips for Parents
Posted on Monday, April 4th, 2016 at 7:50 am
Frugal families tend to seek out ways to save money. This is especially necessary for families who are low-income or those that have lots of children. Here are a few saving tips for parents who need to stretch their dollars a little bit farther.
Easy Savings Tips for Parents
Look for Free Fun
It is possible to keep your kids entertained without having to spend a fortune to do it. Public parks are great to play in on days when the weather is nice. The public library will have a kids section filled with books geared for readers of different ages and abilities.
There might be a free (or very inexpensive) after-school program that your kids can attend (such as the YMCA or the Boys and Girls Clubs). Some bookstores will hold a weekly story time that kids can attend for free.
Hand-Me-Downs are Great!
A really easy way to save some money on children’s clothing is with “hand-me-downs”. The oldest (or largest) child outgrows a t-shirt, sweater, or pair of jeans. That child’s younger (or smaller) sibling might be able to wear it – especially if the clothing is still in good shape. Some families include cousins in the “hand-me-down” clothing pass.
Another option is to shop the local thrift stores or visit the consignment stores that carry children’s clothing. Yard sales or garage sales are also great places to find inexpensive kids clothes. The clothing you find probably won’t be brand new. But, it might be in good condition and it will be less expensive than what the department stores sell the same items for.
Generics are as Good as Brand Name
Your favorite grocery store probably has at least one “store brand”. Often, the store brand (or “generic” brand) has the exact same ingredients as the popular name brand. Test this out the next time you shop for cereal. You can save some money by purchasing the “store brand” and still get the same quality.
Make a Budget
Have you ever wondered where your money goes? The first step in saving money is to make a budget. The next step, sticking to that budget, is more difficult. It is worth the effort to learn how to spend within your budget. Being intentionally conscious about how much money you are spending tends to make people less interested in wasteful things like “impulse buys”.
Plan Your Meals
A meal plan can help you figure out what foods you should buy at the grocery store this week. It also makes many people more motivated to eat the food they brought home and to cook their own meals. This can reduce food waste because you use up the food you spent money on.