Archive | June, 2012

Saving Money on Baby Clothes

21 Jun

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Saving money is one of the most important things to do when you have a baby in the house or on the way.Buying designer clothes or any type of expensive clothing is just a waste because baby doesn’t know any better and will outgrow it soon enough. Not to mention the likeliness of a blowout or spit up on an expensive outfit. Why? Why pay so much for so little clothing and to wear something for so little time. Here’s the simplest tips I know of to save money on baby clothes:

  • If you have older children always keep their clothes washed and stored away that way when the next baby comes along of the same sex you don’t need all new clothes
  • Buy clothes that are larger (baby will grow quickly) plus you through in a diaper and the next thing you know 0-3 months often only take care of baby for the 1st month (just buy the 3-6 month size for your newborn)
  • Go to the thrift stores (Goodwill and Salvation Army make a great start) and buy lots of clothes for very little money (here’s my suggestion take $100 and go there you will be surprised how many baby clothes you can buy for that amount)
  • Go to garage sales
  • Don’t be afraid to swap clothes with other mothers and don’t be ashamed to ask (so you give her your child’s old clothes from your first son and she swaps you her daughter’s old clothes) very affordable
  • Go ahead and lie, there I said most moms I have ever known or read about complained (not trying to make them sound ungrateful) but made a valid point those that disclosed the sex of their baby to any friends or co-workers for baby showers found mostly clothes for gifts those that claimed they didn’t know or really didn’t find out found themselves receiving more baby blankets, diapers, bottles etc. Let’s face it as soon as someone tells people their having a baby and the sex of the baby people can’t resist all those cute little baby clothes. The choice is ultimately yours.

Saving for College

7 Jun

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Most parents know that some day their little bundle will grow up, graduate high school and might pursue going to college. With that said very few parents actually make a road map for this financially. Going to college costs a lot of money and its not getting any cheaper. Here are some suggestions to help get you started. If you have a young baby or toddler now is the time to get started. The longer you have to save the better.

  • When your child is little make sure to save all monies given to them for birthdays and holidays (tell friends and family your toddler really doesn’t need another cute outfit) 
  • The younger you start saving means the longer you have to save / grow that college fund
  • Open a UPromise account – don’t buy items just for Upromise sake but a small percentage of purchases will go into a fund for your child this won’t take the place of traditional savings but will help add to it
  • Consider opening a Coverdell Education Savings Account (parents, g.parents anyone can contribute) or an Independent 529 account – not familiar with these learn more here
  • Consider using cash back options on credit cards to deposit “extra money / rewards money” into a savings account
  • Commit to saving a percentage of your monthly income for college savings now just like you would for retirement

Summer time activities with your children

5 Jun

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Don’t let your children’s summer be wasted by playing video games and watching TV. My suggestions below are to help you find activities in everyone’s budget and age range for mom’s and dad’s to do with their kids. If your a stay at home mom (SAHM) I hope these will inspire you and why not get together with a friend or sister that can bring their kids along too and have some adult company.

  • Make a scrapbook of your entire summer
  • Get a pack of balloons, fill with water and have a water balloon fight in the backyard
  • Enroll your kids in swimming lessons, especially if you live in a hot climate
  • Go to your local dollar store or Wal-Mart buy some chalk and jump ropes for some outside activities
  • For days when it maybe raining out buy a couple colors books from the dollar store for little ones and you to color during summer showers
  • Why not get the schedule from your local library for book reading and  movie showings perfect for your children
  • Teach your children to ride a bike
  • Spend 30 minutes every day learning a new language together (try some educational videos)
  • Make sure your children are active each and every day public schools have cut too many phys ed  and art programs so the summer is a great time to stay active
  • Go to a museum or aquarium together, take lots of pictures
  • Save $ by creating your own mommy and me group (have yourself and 2 or 3 other SAHM) get together at each others house a set day every week and cook together, go swimming in the pool, let your kids play together its a great mommy day and child day

Make every day of your summer count!