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Showing posts with label Spend. Show all posts
Showing posts with label Spend. Show all posts

Ask the Readers: How Much Do You Spend on Kids?

The “Ask the Readers” feature has always been popular at Get Rich Slowly. It’s a great way for people like you to ask questions about money, and, best of all, it’s a chance to help others solve their problems. But there’s no doubt that the “how much do you spend?” questions get the most responses.

Maybe that’s why Kate wrote recently to ask a question that hadn’t ever occurred to me. She wants to know how much you spend on kids. Here’s her e-mail:

We’re thinking about starting a family soon. I realize there are a lot of costs when it comes to having and raising a child, from clothes to diapers to child care to toys to car seats. I also know that these costs can vary greatly, but having never been a parent before, I have no idea what the range can be. I’d like to hear from readers about how much they spend per month on their children. Are we talking an extra $100 a month — or an extra thousand? Under what circumstances? Do the costs go up or down as the child grows?

This is one of those discussions where I’ll have to bow out. I spend zero dollars per month on children because, so far, I’ve elected not to have any. (But isn’t that “so far” kind of interesting? I think so.)

So, I leave Kate’s question entirely in your hands, readers. How much do you spend on your children? Are kids more expensive as newborns or as teenagers? How would you advise prospective parents to prepare financially?

This article is about Ask the Readers, Kids  

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How to Spend Almost Nothing on Gifts This Year

It’s that season again, when your wallet starts to feel lighter and every purchase means a big nasty surprise when the credit card bill rolls around in January. I am not against spending money for gifts at the holidays — after all, this is the one time of year when people are spending money on others rather than on themselves. But the holiday season shouldn’t be one of financial burden — it should be a time of joy. And there are few things as joyful as being financially stable and responsible with your money.

How can you spend almost nothing this Christmas? By being innovative and resourceful when it comes to giving gifts, of course! Some of the gifts below won't cost you anything; most cost you very little if you already have some of the materials on hand. (See also: 31 Great Gifts That Keep on Giving)

I still had a few gift cards hanging around from when I got married, some of which were from stores I don’t normally shop at. I had never used them because I never found anything I liked from those stores. However, I was able to find some thoughtful presents for friends who like those stores. I consider gift cards free money, so in this way, I was able to buy nice gifts without spending any of my own cash. Dig through your own desk drawers, and you’ll likely find a few old gift cards too!

For most of the friends and acquaintances on your list, a bag of cookies is a perfectly appropriate gift. Chances are you probably have most of the ingredients in your pantry, and any you lack will cost far less than buying a whole gift. Wrapping the cookies up beautifully (in dollar store colored tissue paper) makes your gift look even more fancy and expensive.

Even easier than making baked goods — how about making mixes for baked goods or hot chocolate? You don’t even have to pay for eggs or milk! Put pre-mixed quantities of flour, baking powder, sugar, and flavorings into a washed-out jar and tie it with a ribbon. Large glass pasta sauce jars make pretty containers for cookie and pancake mixes. Or make a peppermint hot chocolate mix with cocoa powder, sugar, and a crushed candy cane. Again, it’s all about presentation. Decorate the jar with lovely labels, ribbons, and other crafty things, and your gift looks gorgeous and not at all cheap.

Wince. I know, I know. Regifting seems kind of lame. But let’s face it — we’ve all done it. And if something that someone gave you happens to suit another friend better than it suits you, why not? It’s the right thing to do. Just avoid regifting items that have been used, or regifting at a party where the original giver might be present. Now that’s lame.

Instead of having a traditional gift exchange or Secret Santa, propose a White Elephant gift exchange. Everyone brings some junk that they don’t want, and then you take turns swapping for the best stuff. You get to clean out your junk drawer and give a gift at the same time! One year, I hosted a holiday book exchange instead of a traditional gift exchange, where everyone brought a used book from their personal collection that they had read and liked. Again, we played a game of swap to see who could score the book he or she wanted. No purchase required!

Wrapping paper can get expensive. Make your own by using brown paper bags and decorating them using potato stamps, stickers, ribbon, and bits of colored paper. Cut out the gift labels printed on Trader Joe’s grocery bags. Use the comics section of the newspaper to wrap a gift. Plus you get brownie points for being eco-friendly and using recyclable and biodegradable materials.

For cards, download free printable holiday cards and gift tags from websites like HowAboutOrange, or make your own, more personal cards with paper, markers, and other materials you have around the house. If you're particularly artsy, you can even bundle several handmade notecards together as a gift that the receiver can use throughout the year.

Collect photos of you and a friend, and make a photo album out of scrapbooking or construction paper. Across from every photo, write a cute personal message. Bind the pages together with yarn or ribbon. It may not cost much (or anything if you already have photos printed), but the time and effort you put into this gift makes it a unique and memorable one. For friends who live far away, you can give them a variation of this gift for free! Create a Word or Powerpoint file (or if you're more computer-savvy, a video slideshow) with photos and meaningful notes that you can email to your friends for them to print out.

If you’re crafty, you might be able to whip up a beanie or scarf from some leftover yarn (it’s not hard — my husband crocheted me a beanie once!). Or use the fabric scraps in your cupboard to make coasters or a cute pillow or blanket. Make ornaments from scrap pieces of wood and craft paint (for example, we're renovating our house and we've got plenty of perfectly good pieces of pine lying around). Makeover an old wood tray with paint or decoupage. Paint pretty designs on smooth rocks to make paperweights. Stick an orange full of cloves to make a clove-orange ornament. Take a good look at the raw materials you have in and around your home, and see if you can make something with them.

If you have a skill, consider offering a valuable service to a friend or relative. For instance, if you’re handy around the house, offer to build bookshelves, paint a bedroom, or do some home repairs. Shovel the snow for a week for a neighbor. If you’re a good cook, offer to privately cater a romantic dinner for two. If you’re a freelancer, offer a free family photo session, a free blog post promoting a friend’s business, a free makeover, or a free design consultation.

If you can’t afford to spend money on gifts this year, consider donating your time instead. Suggest that instead of exchanging gifts, you and your family volunteer at a local soup kitchen, nursing home, or food bank, or cook a meal for a family in need. You’ll capture the true meaning of the season — caring for others, which might just be the best gift you ever give yourself.

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Best Money Tips: Spend Less This Holiday Season

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on spending less this holiday season, how to save money fast, and tips for overseas travel.

5 Ways to Spend Less This Holiday Season — To spend less money this holiday season, consider going in on joint gifts with other people. [SavvySugar]

How To Save Money Fast — Save money quickly by canceling your TV and internet service. [Debt Free Adventure]

5 Tips For Overseas Travel — When traveling overseas, remember to call your bank and inform them of your plans. [PF Firewall]

What Is Layaway - Pros & Cons and Stores That Offer Layaway Plans — While layaway gives shoppers more buying options, it also saddles shoppers with strict payment terms. [Money Crashers]

10 Easy to Plan, Cheap, and Fun At Home Date Ideas — Have a fun stay at home date by setting up a scavenger hunt. [Money Help For Christians]

Baby Budget Buster: Small Steps for Family Finances — Give your family some financial breathing room by limiting your spending to necessities only. [Parenting Squad]

5 Tips for Your First Job Interview — When sending a thank you note after an email, be sure to make it personal and not generic. [Bargaineering]

8 Best Holiday Shopping Apps: Saving Money with Your Phone — Use your phone to save money this holiday season. Try downloading Google Shopper or FastMall. [NerdWallet]

10 Inexpensive and Fun White Elephant Gifts — Give a gag gift of an autographed photo of yourself at your next white elephant gift exchange. [Mango Blog]

11 Ways To Keep Your Brain Active — Keep your brain active by learning five phrases in a new language. [Timeless Information]

Wise Bread Tweetchat (#WBChat) — Don't miss our weekly #WBChat at 12pm PST! We will be talking about dining out on the cheap and we will be giving away prizes!

Be sure to check out our News & Events Calendar to see all the awesome upcoming events in the personal finance world!

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Best Money Tips: How to Spend Money on Fun

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on how to spend money on fun, finding freelance work, and seven attributes that matter.

How to Spend Money on Fun — Before you spend money on fun, make sure you have spent money on necessities first. [Consumerism Commentary]

Give Me Money! Finding Freelance Work — When looking for freelance work, be sure to decide what work is worthwhile and what work is a waste of time. [Afford Anything]

The Seven Attributes That Matter — It is important to have the attributes of adaptability and self-reliance. [The Simple Dollar]

5 Christmas Safety Tips For A Safe Holiday Season — Make sure your holiday season is safe by keeping your wits about you when you travel or go out. [The Digerati Life]

15 Ways to Slash Your Cell Phone Bill — To slash your cell phone bill, avoid calling 411. [The Dough Roller]

9 Steps for Establishing Credit — When establishing credit, make sure you periodically review your credit reports. [Rich Credit Debt Loan]

12 Money Saving Tips for The Year 2012 — In 2012, remember to save money by packing a lunch to take to work with you. [MoneyHacker]

3 Best Ways to Organize Your Child's Medical Records — One of the best ways to organize your child's medical records is to keep them in a binder. [Parenting Squad]

5 Life Lessons Learned From Holiday Movies — Learn a lesson from the Grinch and remember that material items aren't the key to happiness. [SavvySugar]

6 Ways to Avoid Sneaky Hotel Fees — To avoid sneaky hotel fees, be careful with third party booking sites. [Money Talks News]

Part Time Money Podcast — Don't miss PT Money's Part Time Money Podcast, an interview series geared towards helping you discover new and interesting ways to make money in your part-time!

Be sure to check out our News & Events Calendar to see all the awesome upcoming events in the personal finance world!

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