Frugal moms: Parenting is the most important job in the world! How to do it frugally with style!
Frugal moms everywhere know the value of saving money on kids' stuff. No matter how much money you have, it seems like it is never enough for the unending supply of things that raising children requires! Here are my best tips for being a thrifty mom.
Are you a stay-at-home mom looking for an income opportunity that will allow you to:
- Trade formal wear.
Last year my teenage daughter and her friends decided that instead of spending money on new dresses for the Homecoming Dance, they would trade among themselves. They each had
two or more formal dresses sitting idle in their closets from previous occasions, so they all had a good
time deciding which dress would suit each girl for this dance. They all had fun and looked fabulous in their
“new” dresses without spending anything! What smart young ladies! (They will probably grow up to be frugal
Provide you kids with creative playthings that allow them to use their
imagination and save you money at the same time. For example, you can
make a cardboard play house
from a large
cardboard box for next to nothing, but your kids will spend hours playing with it!
- Birthday parties
Frugal moms know that birthday parties for kids do not have to be expensive. See my
page for some tips on keeping kids' birthday parties affordable.
Costumes are not just for Halloween - kids often need costumes for other occasions, too. It is useful to have
homemade costume ideas
for any occasion from items that you have at home or can find easily. page for easy costume tips and ideas.
- Pack your own lunch and
healthy snacks for kids
. Buying snacks in individual serving sized packages
is convenient, but a waste of money. Frugal moms buy the larger packages of
pretzels, chips, cookies, etc. and pack
them in zip-top bags each day. Your cost per serving will be a fraction of what you would pay for the
individual serving packages.
- Teacher's Gifts When my kids were in elementary school, they liked giving gifts to
their teachers at the holidays, so we picked a different craft project each year so that they could make
their teacher gifts. One year we made tree ornaments with applesauce and cinnamon.
Another year I traced cookie cutter shapes onto plain white fabric and sewed two together to make a cute
puffy “pillow” ornament. The kids decorated each one with fabric paint. You can find other ideas online or
by browsing the aisles of a craft shop such as Michael’s or Joann Fabrics.
- School Supplies Always stock up on school supplies when they are on sale in August.
The prices are outrageously low at this time, and they are much higher (especially for loose leaf paper
and wire bound notebooks) the rest of the year. I learned this lesson the hard way when my children needed
to restock their paper supply in December and I had to pay two dollars for a package of that lined paper
that sold for 4/$1 in August!
As for backpacks, I skip the cheap character ones and buy the ‘boring’ excellent quality ones (I get ours
from LL Bean, but there are other similar retailers that have sturdy ones that they guarantee). They last
for 3 or more years, so I pay a little more to start with, but save money in the long run.
- Organize Your Life An organized home and routine can be a frugal mom's best asset!
A few tips on organizing your
home and your cleaning routine can greatly reduce stress in
your life and make you a better mom!
- Baby Stuff Frugal moms of babies have a different set of challenges. See
page for tips geared toward the parents of babies.
- About Allowances teaching kids to be responsible with money
Frugal moms want to teach their children to be frugal and responsible with money. One of the best ways of
teaching money skills
is to give them an allowance from an early age.
I have given my kids an allowance since they started school. I have found that they are much more
responsible with money that is their own than they are when it comes from a seemingly bottomless pit
(Mom or Dad).
Everyone has different ideas about allowances and what amount they should be. This will be based on your
income, your child-raising philosophy and other factors. My rule of thumb was a dollar a week for each
grade in school. In second grade, they got $2 a week; in eighth grade $8 a week and so forth.
oldest started high school I wanted to round it out, so I told her I was going to give her $10 a week
(starting in 9th grade) but this was her last ‘raise’. She would get $10 a week until she got a job.
Then she would have her own money and would no longer get an allowance (At that point I needed that money
to pay for car insurance because she was DRIVING!). And that is what we did, and it worked very well. My
son is in high school now, and we are doing the same thing. However you decide to do it, I strongly
suggest that you start giving your kids their own money for some of their own expenses so they can learn
the value of money and how to manage it.
- College: applying for financial aid and scholarships Be sure to
or have your child apply) for all the financial aid and scholarship you can the year before they plan to go to college
(February of their Senior year of high school). No matter what your financial status (if you are reading
this, I am assuming you are not a millionaire…) you have a chance of getting some type of financial help
with college. There are hundreds of scholarships that go unrewarded every year for lack of applicants! It
doesn’t cost anything to apply for these, and it will give your child a taste of all the paperwork and
essay-writing that they will have to do once they get to college!
SBI offers all of this and more!
Click here for more information.
- Spend quality time on something you care about away from the responsibilities of kids and home?
- Do something that gives you an opportunity to use your talents and gain a sense of accomplishment
and extra income for your family?
- Enjoy the flexibility of working at your own pace and in your own way without the burdens of a boss
or a schedule?
- Own a real business that requires only basic computer skills and provides an in-depth
training and support system to help you succeed?
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