Who said raising a child was easy? There are sleepless nights, hidden expenses, and a lot of stress involved when raising a child. In fact, it can be incredibly difficult trying to raise a child when you’re trying to live frugally. Luckily for you, there are plenty of ways to save money on raising a child, and you’ll be surprised at how easy it is to make compromises. So without further ado, here are a couple of fantastic ways to raise children on a budget without making them live cheaply.
Don’t be ashamed of buying used
One of the biggest costs when raising a child is purchasing things such as clothing and toys. Don’t be afraid of buying used or receiving hand-me-downs from other family members and friends.
Garage sales are also an excellent source of fantastic items for a low price. If you’re worried about hygiene then this might not be an option for you. However, washing them in a hot cycle with a good detergent will remove almost all of the bacteria and germs and make it clean and fresh for your child to use.
Purchase multi-purpose items
This is especially important if you have multiple children. Instead of buying two single beds, purchase a bunk bed. Instead of getting two computers, get a single one for your children to share.
Instead of buying a double stroller, invest in a sit and stand one. WiseMamma has plenty of additional advice on sit and stand strollers, and it’s the perfect example of a multi-use product that will save you a lot of money in the future, especially since it’s going to be useless once your children grow older enough.
Flexible working hours
Instead of hiring a nanny or sending your child to daycare, consider speaking to your employer and asking them to allow you to change your working hours, work remotely from home, or receive assistance for your childcare. Paying someone to look after your child is extremely expensive and can sometimes reduce the quality of time you spend with your child, so try to avoid it if possible.
Limit their toys
Children love toys. It’s not uncommon to spends thousands a year on different devices and gadgets for them to use, which is why it’s incredibly important that you try and limit the number of toys you buy. As with the first point, try and buy used if possible. If not, then try and only buy new toys once they’re on sale, or if you have a coupon for it.
Watch the grocery bill
One of the golden rules of living healthily is to always buy fresh ingredients and cook your own meals. However, you want to avoid all of the special gourmet dishes and ingredients and try to skip the fast food as often as possible.
You want to cook all your meals from scratch (even the baby food!) in order to save plenty of money to use on other things. Just remember that being frugal with your children starts with your own money-saving attitude, so don’t neglect the importance of teaching your children good habits with their eating.