Money Saving Tips on Children

Money Saving Tips: Children

How To Pay Off Your Credit Cards

101 Great Money Saving Tips

Short Guide To Bankruptcy Laws

Short Guide to Foreclosure Laws

Consumer Credit Counselors

1. When mom and dad want to go out for the evening, their biggest expense may not be the movie or dinner - it could be the 14 year old neighborhood girl that babysits the children. In many parts of the United States, groups of families are forming baby-sitting cooperatives. In a baby sitting cooperative, you take turns baby sitting children while their parents go out for the night. When it's your turn for a night out, you have a free baby sitting service. Talk to other parents from your church and school and introduce this idea to them. If you are offering them free baby sitting service for vice versa, they will probably think it's a great idea.

2. Instead of giving your children money for their birthday or Christmas, give them a savings bond or an ounce of silver as an investment. This will teach the importance of savings early on and encourage them to delay instant gratification for greater gains if they are patient and frugal.

3. Buying your children the most expensive toys, the most expensive clothes and the most expensive everything - teaches your children some very expensive habits that will cost you a lot of money your entire life, and end up giving them an unhealthy sense of entitlement about life that could cost them dearly as they get older. Second hand clothes, no name brands, used toys and activities away from the television or Video Games will instinctively teach them a healthier set of values about life and materialism. Learn to say no to all their demands and wants and give them alternatives instead such as earning the toy or clothes they want.

4. If your children are old enough, encourage them to take odd jobs around the neighborhood mowing lawns, raking leaves, scooping snow covered sidewalks and driveways. This will teach them the value of hard work and appreciating the money they earn.

5. If you plan to have more than one child, buy quality, unisex clothing for the first child. This will allow you to reuse the clothes for the second child. You can also try to get hand me down clothing from friends and relatives, or from second hand stores.

6. If you are living on a budget, print out copies of the budget and post it around the house where the children can see it and commit it to memory. The will instinctively learn the importance of family finances and encourage them to help the family stay within that budget. Before begging you for a new toy or other item, they'll think of that budget and will give your "NO" firmer ground.

7. If your child likes to draw, bring home excess paper from work that was headed for the trash. They can draw on the back and not deplete your supply of printer copy paper.

8. Diapers for a newborn can add up but your grandmother had a better way. Use cloth diapers instead and develop your own system for cleaning them. One smart mommy used to take her son's diapers and hose them off in a secluded place in the backyard before running them through the wash. Cloth diapers are cheaper and save the environment.

9. Instead of buying expensive software games, books and other entertainment devices for your children, purchase them used for much less from places like ebay.com or half.com. If you are fortunate enough to have a young reader in the family, take your child to the library as often as you can. Reading development is important for intelligence, emotional maturity and personal development.

10. When it comes to baby food, costs can add up but you can save over 30 percent when you buy generic baby food which must meet the same FDA standards as name brand baby food

How To Pay Off Your Credit Cards | 101 Great Money Saving Tips
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