Whether you’re a working or a stay-in-home mom, a single mother or you’re raising kids with your partner, you are probably constantly looking for ways to save some more money. It is hard enough when you are on your own, but with a child, money seems to disappear quickly. You might be wondering if there is a way to do something about it. Luckily, there is; several, in fact, and some of them extremely simple to introduce into your everyday life.
1. Keep track of your spendings
Before you start looking for specific ways to cut your spending, you need to know how much you spend (and on what). You don’t necessarily need an accountant to do this. You simply need to start writing down all the amounts of money that you spend (even the smallest ones) and analyze it regularly. There are many apps and software out there that can help you by pretty doing almost everything for you, and they can provide you with regular reports to keep you on track. Understanding your spending habits will allow you to get in control of them.
2. Don’t pay full prices
There’s no need for you to pay the full prices all the time. In fact, there’s rarely a need for it. If something is urgent, you can almost always find a special offer on it. There are many coupon codes websites that you can use to keep track of the best discounts for mamas and papas. Follow stores on social media, subscribe to newsletters, and watch out for sales. This can go a long way in helping you improve your monthly spendings.
3. Don’t mind second-hand items
Buying second-hand things will allow you to save a lot of money, but it can also help by making it an environmentally-friendly option, which is a great example to set for your children. For instance, you can get a decent pair of pants that have been sitting in a closet from your friend whose children are a little bit older than yours. They might even be as good as new. Learning to accept hand-me-downs is a great idea, there’s no shame in it at all. Most younger kids won’t even know the difference anyway. More often than not, you will do someone else a favor by taking unwanted items off their hands. Especially when it comes to clothes and accessories that babies outgrow extremely quickly.
4. Buy in bulk online
Diapers? Formula? Canned or packaged food? There’s no need to go to a grocery store each time you run out of something. If it’s an item that doesn’t have to be kept fresh, you can easily find it online for a much better price by ordering it in bulk. It’s not only cheaper, but it also makes life easier. You won’t have to visit stores as often or worry that you run out of diapers all the time. You will be fully supplied. Plus, buying online is always less expensive as you avoid the middleman that increases most prices.
5. Swap babysitting
There’s no need to call a babysitter that you pay for every time you need to leave your children with someone. Make friends with other parents and swap babysitting with them. You will save a lot of money and, who knows, maybe you will find great friends or start a lifetime friendship for your kids. You may also consider a nanny share – it’s a babysitter that you hire together with other parents. He or she takes care of several children in the same area and all parents can split the costs.
6. Plan meals and shop with lists
You have no idea how much money and food you waste when you don’t plan your meals. Planning in advance will help you save time that you sacrifice each day for smaller shopping trips and improvising, and it will save you money as you will buy only the things that you really need. You can also try to cook more than one-dinner and keep it in your freezer. This way when a hard day comes and you are tired, you won’t be tempted to order some take-away food that’s more expensive.
7. Resell your stuff
There’s always an abundance of things we don’t really need in our homes (especially with children around). Kids outgrow their clothes and toys very quickly, but there’s no need for you to store it. You can not only get rid of unnecessary things like kid’s clothes but make some space in your house while also making money. You can do it all online, organize a garage sale or simply ask around if other people need anything of the things that you keep in your basement.
Start saving and allow yourself to be happy
Being a mom is amazing and rewarding, but it can also get challenging at times, especially for your finances. Make sure that your finances don’t have a negative effect on the joy and pride that motherhood is supposed to bring you. After all, it’s about love so don’t let the money poison that.
For more great parenting tips, check out the other blogs on Cyber Parent.