One of the biggest worries in parents today is that they’re going to go broke due to having kids. Kids are a huge expense, however, you don’t have to go broke with them. It’s totally possible for everybody to live comfortable lives with your finances – not just your children! Here’s how you can avoid going broke with your kids:
Don’t Take Your Kids Shopping
Taking the kids shopping is a great idea at the time, but before you know it, you’re hit with the continuous ‘can I haves’. They want this, they want that, and they are relentless with their asking. In the end, you buy them something to keep them quiet. These things really add up! If you do this every time you leave the house with your kids, you’re likely going to be spending a fortune.
Give Your Kids Pocket Money
Instead of buying your kids things when you feel like it/can afford it, give them pocket money instead. A set amount of money each week will encourage them to save and spend wisely, teaching them better financial lessons for when they’re older. You’ll also know exactly how much you’re giving your kids, so you can factor this into a budget.
Find Smart Ways To Save Around The House
If you have multiple people living in your home, including kids, it’s going to be very important for you to figure out ways to save money. The good news is, there are so many ways you can save without getting stressed. You could simply swap utility bill suppliers, or change your light bulbs. In the below infographic, you’ll find 20 stress free ways you can save around the house!
credit to Sunny
*This is a collaborative post.