In today’s economy, do you often wonder what kids can do without? With prices on just about everything rising, this is expected. Kids do not always understand the concept of money or that bills have to be paid. When this happens sit your child down and explain to them the bill situation you are having. This will help them to understand the situation with your finances. Explain to them that you have cut back on certain things you want and explain they too will have to cut back on certain items. Here is a small list of things kids can do without. This will help you get started saving money in areas that do not need spending where kids are concerned.
Preschool children do not need designer clothes and designer shoes. They are still young and do not even know what designer means. If you start them out on designer clothes and shoes, they will expect this from you throughout their school years. Cut it out before you even get it started.
Children do not want to wear the costume again next year but since Halloween is only once a year, a parent can improvise. Look around your home and design a unique Halloween Costume with items you have in the home. This will save money and let your child enjoy Halloween with a new costume made from lots of love.
Stop buying so much junk food when you go to the grocery store. Instead, buy foods that are good for your children. Purchasing a three-dollar bag of potato chips on every trip to the grocery store adds up over time. Do not buy fast food; instead fix a home cooked meal using home grown vegetables from your garden or ones purchased at the grocery store.
Do not hate for this comment but cut out electronic games and gadgets. Yes, this includes cell phones, video games and anything else electronic. An average cell phone bill for one member can range from fifty to eighty dollars before you know it. That is wasting money. Buy a cheaper plan and set limits. Video games costs around thirty dollars or higher. If you buy your child a video game three times a month, this will get costly quick. Stop buying altogether or purchase one every couple of months or on birthdays.
The bottom line is to cut costs wherever possible to help make ends meet. Your children might fight you on this but in the end eventually; they will understand that children can do without certain things to help parents meet the bills every month.