Just because it is cheaper not to have kids, doesn’t mean that it will keep you from having children. If you are currently raising a child while making sure you stick to a budget, you will know that it is a difficult thing to do. All you want to do is give your child anything they want and to ensure that they receive a good quality childhood that they can look back on and remember with a positive mind.
After all, the way you bring up your children will likely reflect on how they raise their own children 20-30 years down the line. So, it’s important thing to do. Sticking to your budget may not seem as important, but spending more than you make can teach your child the wrong lessons and put you in a position that will prevent you from helping them with their finances.
Come Up with a Plan
After deciding on how much you can realistically afford to put aside each month for your child, you need to note down and decide what the absolute necessities are to then work out how much you might have left over for more spontaneous charges that may come up (a birthday party or school trip for example). Items such as clothing should be considered a necessity, though it doesn’t have to be designer or expensive, making sure your child is clothed and happy is obviously priority number one.
Your own necessary expenses will differ from household to household depending on what activities your child may enjoy and take part in. The main goal is to organize your finances here – judging what you absolutely have to be paying each month allows you to set aside a little for other things you may wish to do with your children.
Love costs Nothing
When raising a child on a budget, even if you are just scraping by and managing to keep afloat with the bare necessities, you may be worried about doing extra activities with your child, which of course will cost money, in order to keep them entertained. I can assure you there are countless ways to spend time with your children and have fun with very little or even no cost to yourself.
Simple things such as board games and group activities as a family will show your child the love they deserve and enrich their lives exponentially. Taking a soccer ball down to the park costs nothing but your time – and this is all your child really requires. More than this though, time with each other is all that both of your truly want at the end of the day, if you provide your child with this you will also be rewarded by the smile on their face and the joy of watching them develop positively.