“We must consult our means rather than our wishes.” – George Washington
Hi Everyone, and welcome back to Life Hacks Baby Edition: Part 2. In case you missed Life Hacks Baby Edition: Part 1, we discussed some investment strategies on how to pay for the big ticket items in your child’s life such as college, their first car, etc… using investment methods such as index fund investing and real estate investing. Today in Part 2 we’re going to discuss how to save on some expenses during the day to day journey of raising a child. We’ll provide some helpful links and hopefully some out of the box ideas of how you can reuse some of your resources to see some steady savings while raising your little one:
The Cell Phone Baby Monitor – Just doing a quick search on Amazon I found baby monitors ranging from $20.00 to over $300.00! Each monitor has different bells and whistles for your young padawan; but for something that will likely only be used for a few years, is $300.00 worth the expense? One creative idea I saw to alleviate the expense of a baby monitor (or security camera) is reusing old smartphones. Essentially through baby monitor apps, or video teleconferencing apps such as Skype, you can download, mount, and run real time footage of the area that you want to monitor. For more information or how to learn how to set up your own baby monitor using an old smartphone or tablet be sure to check out resources like this article or the video below!
What To Wear – When I was growing up, cheap clothes definitely meant hand-me-downs, the Goodwill Store, and Salvation Army; all of which are still viable options today for any family on a budget. Yet, one trend that is catching my eye is the ever growing rental business of clothing. I see it for adults all the time and now there are multiple businesses that offer affordable clothing for children. Here are the top three companies I’ve come across:
Kidbox – Kidbox offers clothing for the day to day. Whether its back to school shopping or even the essentials like undergarments and socks, this company seems to offer wide range of styles and clothing for your children. What is really great about this company is that you only pay for what you keep; which is a huge bonus.
The Borrowed Boutique and Rainy’s Closet – What I liked about both of these companies is that they are perfect for those “special occasions” such as baptisms or weddings. Both companies offer a simply business model and the clothing they offer seems very elegant and well made. For your children you simply pick out a nice outfit, got to the event, and then return the outfit. This can certainly be much more cost efficient than buying a dress or suit and only having your child wear it once or twice for a special occasion.
What To Eat – I think at one time or another every parent has probably wondered “will this kid stop eating already!?” Growing kids are hungry, and… well… food costs money (you can put two and two together) No, I’m not proposing to starve the little meatballs, but instead map out some healthy and affordable meal planning. I’ve personally found the best way to feed a group of people in general is to make one big dish during the week and have leftovers for lunch or dinner for the rest of the week. It saves not only the most money, but time as well. Here are some recipes and resources you might find helpful when it comes to preparing dinner or cooking a dish up for the week that everyone in the family can enjoy:
Kidspot Recipes – This link will bring you to 12 quick and easy recipes anyone can accomplish while on a budget or strapped for time.
98 Cheap and Easy Foods to Make – In this article you will find, well…. 98 cheap and easy foods to make.., above all in this article the author lays out alot of quick and healthy dishes to make while on a budget.
Adult Hack – I found this article actually pretty interesting and wanted to include it in this blog. It’s actually for how adults can watch their calories by ordering from the kids menu at many chain restaurants. Some of the restaurants mentioned aren’t the healthiest choice; however if you’re on the go this is an option worth exploring to save a little bit of money.
Conclusion – There are ways of saving money all around us, sometimes we just need to get a little creative. What I’ve found the most helpful during my time writing these blogs is doing honest research. There are so many businesses and services out there to take advantage of, that you would never even know existed if you haven’t looked for them! How do you save money on the day to day expenses for your kids? Do you have any good recipes or tips on how to save money? Let us know in the comments below!