Parents: Manage Your Spending
Having children can be quite expensive, as they do require a lot of money to raise. A lot of people don’t like to talk about the expenses of caring for children, since it sounds callous. The truth, though, is that just because kids are expensive doesn’t mean people don’t want them. The love and care within a family is worth more than gold, of course, and children bring priceless joy to their parents. It’s just that there’s no denying the fact that parents have to face a lot of bills once their kids are born, from the moment of conception to the time they graduate from college. Since most parents are working within budget, you can’t just throw your money around and hope the things you buy are worth it. You want your children to have the best possible things money can buy, so being practical is a serious necessity.
There’s always a limit to what you can spend, and of course you want to spend it on things that will give your child safety and comfort.
It’s practical to plan how you want to use your money. Of course, your child’s well-being is always top priority, so you can’t go about just scrimping. You need to use your money wisely, and invest in means to maximise your spending power.
The foremost thing about being practical is that you shouldn’t associate it with miserly behaviour. You don’t have to be a Scrooge, especially since that’s actually counterproductive. You can’t just buy cheap. You’ll be sacrificing your child’s safety and comfort for material benefits, and that’s never a good thing.
Instead, you need to understand that being practical means knowing how to maximise the money you have. It’s an investment.
Here are just a few quick suggestions for practical purchases.
First, try to buy convertible furniture. One very good example is the baby cot. The thing about cots is that most babies outgrow them fast, and then you find yourself having to give it away and replacing it with a toddler bed. Do away with that problem by getting a convertible bed. It goes from baby cot to toddler bed easily. It might cost a bit more at first, but you’re saving money in the long run.
Second, buy wholesale. Everyone knows that buying wholesale gives you leverage to ask for discounts. When it comes to your baby’s needs, you can practice this principle by getting baby furniture sets instead of buying them individually. Baby furniture sets are usually offered at a discount, and they have the bonus of looking good because everything matches. Baby furniture sets come with a baby cot, a wardrobe, and a changing station. Since most cots these days are now convertible, you can keep these baby furniture sets for a much longer time, way into your child’s toddler years.
Third, don’t get a single pushchair; get a travel system. The three-in-one travel system offers a car seat, a pushchair, and a carrycot all in one. It’s a bit more expensive, but you won’t have to worry about getting a separate car seat, which makes this a great buy. Plus, you won’t have to keep replacing it, since your toddler can still use it.
Fourth, second hand items are okay, but only as long as your giver is someone you know and trust. Getting these from second hand shops comes with the fear that the previous owner was careless in using the item. There might be hidden damages you need to deal with. As such, only get hand-me-downs from friends and relatives you actually trust.
Lastly, quality is always more important than quantity. If you’re spending too much time fawning over cheap items without concern for their quality, there’s something wrong with your shopping mentality.