Getting into business can be a great way to provide for your family when the children are growing up. Not only that, but if your venture turns out to be successful, it will also present a career opportunity for future generations who have a desire to take over the family business. Despite the potential for these things, there is a lot of risks that come with business as well. Business owners who don’t cover all the bases and aren’t savvy enough, may not actually be maximizing business profits. Doing this is absolutely essential if you want to give your family the best things in life.
Archives for January 2020
Should You Use a Spreadsheet to Keep Track of Bills?
Everyone wants to grow up when they’re a kid. If only we had known what awaited us at the finish line: bills. Lots of bills.
Escaping the rat race of monthly payments is nothing more than a pipe-dream for most. In fact, the average person has nearly $40,000 in debt – excluding mortgage payments. It’s hard to keep track of every lease arrangement and dental visit bill and everything in between.
Oxygen OS VS Android: Comparing Two Smartphone Operating Systems
Choosing between Oxygen OS vs Android? Smartphones provide the ultimate convenience and portability that no other device can offer today.
They even defined 2019 because of how versatile they are as a personal gadget.
Reasons Why Pre-Employment Checks Turn Out To Be Important
They say everyone lies. This might be an exaggerating statement but holds a sense of logic. Not everyone wants to lie, but some tend to do in certain circumstances. You could be looking for the ideal candidate for your company, but you do not know them and the process to know them better. At this juncture, a pre-employment skills test comes into prominence. [Read more…]
How To Save A Ton of Money by Trading Your Kids’ Old Clothes
Kids grow fast. The speed at which they grow often means they only get a handful of wear out of brand-new jeans before their ankles start making an appearance. Buying new clothes at a rapid case is a sure way to go broke. It’s also wasteful. The good news is that most moms are in the exact space you are. Trading your kids’ old clothes can save a ton of money. Here’s how to do it.
Three Ways To Save Money by Trading Your Kids’ Old Clothes
1. Host a Clothing Swap
A clothing swap is a great way to not only save money by finding new-to-you clothes for your children; it’s a great way to socialize and meet new people with similar interests.
Invite your friends with kids roughly the same age (or size) as yours. If your kids attend school, you can send an invite through their classroom. Ask everyone to bring a few gently used items of clothing for a swap.
As everyone arrives, collect the donated items of clothes. Give everyone a ticket for the number of things they brought. As they browse the merchandise, they can turn in their tickets for new-to-them clothes.
2. Consignment Shop
By swapping clothes at a consignment shop, you can not only save money, but you may also even make a little.
Once a month, I take a bin of clothes to two consignment shops in my town. I’ve collected the clothes all month as I’ve done laundry and noticed things don’t quite fit anymore. I also strategically save holiday and seasonal items until a few months before, as the shops are more likely to purchase at that time.
The consignment shop will sort through my bin based on what meets their qualifications. They’ll offer cash for the items they want, or a 20 percent bump if I choose store credit instead. Depending on if I need new clothes for my kids, I may choose the store credit and grab some items they may be lacking. What they don’t take, I’ll hit up at the next consignment shop, or take directly to goodwill.
Occasionally, I’ll take the cash and apply it to whatever financial goal I’m currently working on.
3. Selling Online
Selling online has become much more sophisticated since the days eBay first came on the scene. It’s more convenient, especially if you tend to have higher-end clothes or clothes with tags.
Think about the clothes you receive for your kids from Grandma and Grandpa that never get worn because they’re already too small. Sell them online, then use that cash to subsidize the cost of new clothes. Better yet, make that cash go further buying gently used clothes either on the same site you sold to, or a consignment shop.
Some of my favorite online resources for selling kids’ clothes are Kidizen, ThredUp, and Josies’ Friends.
Do you have a favorite method to save money on kids’ clothes? Share with us in the comments below.
Read more:
Here Are the Best Online Shopping Sites for Affordable Kids Clothes
Save Money And Host A Clothing Swap
Kid’s Clothing Consignment Sales: Are They Really Worth It?
Kate Fox is a former CPA, with twenty years of experience in public accounting and corporate finance. Born and raised in Alaska, Kate is currently based out of southeastern North Carolina. She loves coaching others on personal finance and spends her free time traveling with her family or relaxing by the pool with a good book, probably about money.
Understand Health Care for Pets and What Pet Insurance Covers
Nearly 85 million Americans own pets, and millennials lead the way in pet ownership. But, like humans, health care for pets can be expensive. That’s why many choose to cover their pet with pet insurance.
But what exactly does pet insurance cover and how does it work? In this blog post, we’ll give you the low-down on everything pet insurance, including how to find the best coverage for your particular pet.