Kids Ain't Cheap

But They Sure Are Worth It

How to Plan an Epic Party: 10 Cheap Birthday Party Ideas You’ll Love

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How to Plan an Epic Party: 10 Cheap Birthday Party Ideas You’ll Love
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One in five parents spend more than $500 on their child’s birthday party every year. Considering how expensive hosting an event has gotten, cheap birthday party ideas can be hard to come by. To help you stick to your budget without sacrificing fun, we’ve come up with this list of affordable celebration options. From camping in the backyard to decorating baked goods with friends, here are 10 ways to make your kiddo feel special without breaking the bank. 

Top 10 Cheap Birthday Party Ideas 

1. Movie Night

Movie Night
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A movie night is one of the top cheap birthday party ideas. Thanks to streaming services, tons of movies are available right on your TV. If you want to create an extra special experience, buy a cheap projector and set up your viewing outside. You can simply use a bedsheet as a makeshift flatscreen to keep things budget-friendly. 

An advantage of being outside is not having to worry about providing enough seating for everyone. Just bring some blankets and lay out on the lawn! Don’t forget to grab some bags of popcorn, chips, and candy on sale, or ask guests to bring their favorite snack or drink to share instead of gifts. 

2. Brunch Party

Brunch Party
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An at-home brunch buffet will be a hit with both kids and adults! If you have a waffle maker, you can set up a made-to-order waffle station with a variety of toppings. With parental assistance, your child’s guests could also toast their own bagels or English muffins. Breakfast foods like scrambled eggs, pancakes, and sausage are easy to keep warm using disposable chafing dishes and sterno cans. 

Alternatively, you could stick to continental breakfast favorites like yogurt and pastries. For entertainment, garden party games such as croquet, bocce ball, and cornhole pair well with a brunch theme. 

3. At-Home Spa Day 

At-Home Spa Day
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Everyone likes to be pampered on their special day, so consider hosting an at-home spa party for your birthday girl. It’s easy to set up a DIY facial bar using common ingredients like oats, honey, yogurt, and avocado. Alternatively, you could purchase a few sheet facial masks from the drugstore. While you’re there, grab some nail polish for mani-pedis and a few hair accessories for a French braiding station. A DIY bath bomb-making kit could also be a fun addition. 

To feed your child and their friends on a budget, make finger foods like cucumber sandwiches, mini quiches, or muffins, and cut veggies with dip. Don’t forget to whip up some fruit-flavored spa water to keep everyone hydrated, which is the secret to glowing skin. 

4. Free Museum Day

Free Museum Day
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Virtually all museums have free admission days that allow the public to enjoy the exhibits at no cost. While these events might not fall exactly on your birthday, they can still be a fun and affordable way to celebrate with a small group. Some libraries also offer free day passes to local museums, but keep in mind that the number available is usually limited. 

Whether you love art, science, or seeing animals at the zoo, we know you’ll have a great time celebrating your birthday at one of your local institutions! 

5. Camping 

Camping
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Camping is another cheap birthday party idea that’s always a hit with kids. Consider setting up a tent in the backyard to give guests a taste of the outdoors without losing access to amenities like indoor plumbing. If local regulations allow, starting a bonfire can enhance the camping experience, enabling you to roast marshmallows and tell stories around the fire. Stargazing using an app like SkyView Lite is another fun party activity that children of all ages will enjoy. 

If your guests are prepared to rough it, hosting the event at a campground could be a fun adventure. You’ll be able to fully embrace the outdoors by preparing a meal over the fire and hiking local trails.

Does your child have a winter birthday? If space allows, you could set up a fort in the living room to create an indoor glamping experience. Instead of roasting marshmallows, make smores in the microwave and tell spooky stories while passing around a flashlight.

6. Backyard Sprinkler Party

Yard Sprinkler Party
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Can’t afford to take your child and their friends to the water park? Set up one at home instead! Even if you don’t have a pool or slip-and-slide, you can run the sprinklers or turn on the hose to cool everyone off. Water soakers and balloons are also fun additions to a backyard sprinkler party. Just don’t forget the sunscreen!

7. Scavenger Hunt

Treasure Hunt
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If cheap birthday party ideas are still outside of your budget, consider setting up a free scavenger hunt. You can use items from around the house (such as stuffed animals, toy figurines, and other small objects) to create a fun scavenger hunt for guests.

The venue can be your home, neighborhood, local park, or even the beach. No matter where you set up the event, creating interesting clues is key. If your child is older, they may enjoy geocaching, which involves using coordinates off of their phone to find the objects. Younger kids would love a treasure map or hand-written riddles and clues. 

8. Picnic at a Local Park

Picnic at a Local Park
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If camping isn’t your style but your family still enjoys being outdoors, consider hosting a picnic at a local park. Most parks have designated event spaces with picnic tables, grills, and pavilions, making it easy to entertain a group of any size. However, you may need a permit or reservation to take advantage of these amenities. 

To feed everyone affordably, bring along a cooler filled with sandwiches or hot dogs and burgers to cook on the grill. You won’t need to spend much on entertainment either thanks to the playground equipment. But it can’t hurt to bring some outdoor toys like bubbles, hula hoops, and frisbees. Keep the decorations simple to stay on budget—a pinata, some streamers, and a weighted balloon bouquet are enough to set the mood. 

9. Indoor or Outdoor Game Night 

Indoor or Outdoor Game Night
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Looking for cheap birthday party ideas that work in both winter and summer? An at-home game night is a great option. When the weather is cold, kids can enjoy their favorite video and board games inside the house. You can also play classic party games like musical chairs, pin the tail on the donkey, limbo, and Simon Says. 

During the summer, activities like badminton, capture the flag, freeze tag, and soccer can help kids burn off steam. You can also set up fun relay races, such as an egg toss or sack race. 

10. Baking Party 

Baking Party
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Kids of all ages love sweet treats, making a baking party a fun idea for an event. Depending on the age and skill level of your guests, you could get them involved in the baking process or simply allow them to help decorate. Cookies, cupcakes, and brownies are all good menu options. Allow guests to customize their goodies with sprinkles, colored icing, candy, edible glitter, and fondant. 

What are your favorite cheap birthday party ideas? Let us know in the comments!

7 Reasons Why Thrift Shopping May Be Bad For Your Budget

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7 Reasons Why Thrift Shopping May Be Bad For Your Budget
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Who doesn’t love thrifting? The thrill of the hunt and the unknown possibility of what you’ll find can be very exciting. You can also feel like you’re saving money or helping the environment by preventing goods from going into the landfills. But what if I told you there are also a lot of reasons why thrift shopping is bad? From fast fashion to reselling and bed bugs, you may not be getting the deal you thought you were.

Justifying Overbuying

Justifying Overbuying
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Some of the visits to the thrift store may be a bust, causing you to walk away with nothing. During other trips, you might feel like you’ve hit the jackpot and found everything you’ve been looking for. When you find and buy item after item, you have to be careful and remember your budget. We tell ourselves thrifting is cheaper than buying new items and it’s environmentally friendly to give them a second life. But really, we’re justifying overbuying. Ultimately, you have to treat the thrift shop like any other store and only get what you actually need. 

Impulse Buying

Impulse Buying
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So many people love the hunt of thrifting. Unfortunately, this can easily turn into impulse shopping. One of the reasons why thrift shopping is bad is because it feels very urgent. If your local store didn’t have something the last time you were there, you may be worried they won’t have it the next time you stop by. 

This contributes to the feeling that purchases are “now or never.” Unless you find exactly what you’re looking for, carefully consider whether you’d buy this product under normal circumstances, or if the pressure is pushing you to do it.

Reduced Lifespan

Reduced Lifespan
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Since items at the thrift store are secondhand, it’s impossible to know just how much usable life they have left. The rise of fast fashion has accelerated this issue. Some clothing items may look great on the rack, but if they weren’t built to last, they could fall apart within a few months. The same goes for electronics, which may have hidden issues that cause them to fail.

Look for signs of wear like undone hems and rips and tears on clothing. It’s also important to consider the cost before you buy. Some thrift stores are more expensive than others and don’t offer much of a discount. So in certain cases, you may be better off splurging a bit more to get a new item, especially if it comes with a warranty.

The War on Reselling

The War on Reselling
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Reselling sites like Poshmark and Mercari can be a great resource, allowing consumers to find the specific used items they’re searching for at lower prices than new merchandise. Many of the listings on these sites are items that the sellers thrifted themselves. 

Unfortunately, this has resulted in many thrift stores raising their prices across the board to discourage reselling. Shoppers report that secondhand goods are costing more and more every year, so you may not be saving as much as you think. Sometimes hunting for clearance deals at Walmart can be cheaper, which is one reason why thrift shopping is bad for your budget. 

More Productive Uses for Your Time

More Productive Uses for Your Time
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Unless you’re luckier than me, looking for a certain item at a thrift store takes a lot of time. Have you ever thought about the money involved in the time spent thrifting? Shoppers on the hunt usually have to drive to their local thrift shop multiple times and spend a few hours searching. 

While you’re there, you may impulse-buy a few other items. If you skip the thrift store and spend a few hours on a new side hustle instead, you may earn enough to simply buy the item you’re looking for brand new. So if you’re considering why thrift shopping is bad for your budget, be sure to consider the opportunity cost of your time. 

Bed Bugs

Bed Bugs
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My top reason why thrift shopping is bad is bed bugs! While I have been lucky so far, I am always mindful of the risks. Thrifted items come from other people’s homes and are stored with thousands of other items. It only takes one item with bed bugs to potentially infest a majority of the items. Although bed bugs are associated with clothes and mattresses, they can even be in electronics and wooden furniture. They like to hide in nooks and crannies, which can make them hard to spot. 

There are precautions you can take, such as drying clothes for over 30 minutes in high heat. If you live in a very cold area, you could leave furniture and clothes outside to freeze, but you can’t do that to electronics. Remember that the stakes are high and bed bug remediation is expensive! One slip up and you could end up with bed bugs infesting everything you own. 

Rethrifting

Rethrifting
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To complete the thrifting circle of life, we may donate our own unwanted items when we’re done with them. Depending on where you choose to donate and how you sort through your items before donating, re-thrifting can be a wonderful idea. Just be careful to make sure you’re not donating something that would be better resold. You may be leaving a lot of money on the table by donating certain desirable brands. 

Wondering why thrift shopping is bad? It all depends on your buying approach. If the pressure of the hunt causes you to make frequent impulse purchases, you may be better off staying home. However, if you have the willpower to only buy things you absolutely need, shopping secondhand can be a great way to save money and give items a new life.

What Is Positive Discipline? A Cost-Effective Approach to Parenting

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Involve Your Kids in Rule-Setting
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If you’ve never tried it before, you may be wondering, what is positive discipline? It’s a parenting approach that emphasizes encouragement instead of punishment. Praising your child for good behavior can often be more powerful than yelling at them over mistakes. Kids crave connection with their caregivers and might act out to get your attention. Focusing on positive reinforcement instead of lectures teaches your kids that the best way to get recognition from you is to be nice and cooperative. 

However, that doesn’t mean you have to be permissive to practice positive discipline. You can still be clear and firm about rules and boundaries while being kind. Instead of resorting to shouting, this methodology advises parents to calmly remind kids of the rules, redirect negative behaviors, and use age-appropriate consequences like time-outs. 

Now you know the answer to the question “What is positive discipline?” Let’s jump into some ways to put it into action and discuss why it’s so cost-effective.

Easy Ways to Practice Positive Discipline 

Positive discipline is all about helping kids build healthy self-esteem and positive social skills through encouragement. Here are some agency-building parenting strategies that will support your child’s development. 

Involve Your Kids in Rule-Setting 

Did you ever have a teacher who involved you in creating the class rules for the year? You can do a similar exercise with your children to give them a sense of agency. Ask them to help you write a list of household rules, and encourage them to think about what will happen if the rules aren’t followed. For example, if they don’t do their chores, the house will be dirty. This thought experiment helps them understand why certain rules are beneficial and necessary.

Then ask them what kinds of consequences would be appropriate if the rules are broken. Display the finished list of rules prominently so your kids have a visual reminder of household guidelines. Your kids will likely have an easier time buying into and following the rules that they helped create. 

Encourage Problem-Solving

Encourage Problem-Solving
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When your child makes a mistake, try to involve them in finding a solution instead of getting frustrated with them. For example, if they have a tantrum, help them brainstorm better ways to express their emotions next time. This approach will teach your child problem-solving skills and give them the tools to handle the situation differently in the future. 

Have Realistic Expectations 

It’s also important to have realistic expectations for your child and explain them in a way they can understand. For example, it would be unreasonable to expect a four-year-old to sit quietly for an hour. Setting age-appropriate boundaries and communicating them clearly will help you discipline your kids more effectively. Reminding them of rules as needed can also help them remember and internalize appropriate behavioral standards. 

Be a Good Role Model

Kids have a keen sense of injustice and may feel resentment if they’re held to higher behavioral standards than adults. For example, it might feel unfair to a child that they have to apologize for yelling if you don’t. You can avoid this dynamic by being a good role model for your kids and displaying the character traits you want them to embody. After all, kids learn a lot by observing their parents. 

Prioritize Praise 

Perhaps the most important aspect of positive parenting is praising and encouraging your child. Recognizing their hard work and good behavior will reinforce the character traits and habits you want them to develop. Showing your child love with words of affirmation will help them build healthy self-esteem and foster a great parent-child relationship.

Why Positive Discipline Is So Cost-Effective 

What Is Positive Discipline? A Cost-Effective Approach to Parenting
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Many parenting strategies such as harsh punishments and bribes work in the short-term but cost families in the long run. Yelling can create self-esteem issues and even mental health problems over time, which can be expensive to treat. Using material rewards to motivate your child can also break your budget. The price of toys and other treats adds up, especially if you have multiple kids.

Permissive parenting is another wallet-draining strategy. Giving your kids whatever they want can create a sense of entitlement and lead to escalating monetary demands. When they’re young, they may only want small things like candy. But as they get older, they may request increasingly expensive items like computers and name-brand clothes.

In contrast, positive discipline techniques cost nothing and are known to be effective. Following this methodology will help you raise well-adjusted kids who are less likely to need therapy, tutoring, and behavioral interventions. Plus, positive discipline helps foster a sense of agency and intrinsic motivation in your child, so they won’t need external incentives like gifts in order to strive for success.

What are your favorite cost-effective parenting strategies? Let us know in the comments!

Understanding the Costs of Early Childhood Special Education and How to Save

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Understanding the Costs of Early Childhood Special Education
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Estimates suggest that raising a child with special needs from birth to adulthood can cost upwards of $2.5 million. Thankfully there are publicly funded programs, grants, and other types of assistance that can significantly reduce your out-of-pocket costs. For example, state-run early childhood special education programs can help babies and toddlers with developmental delays build language and motor skills. Children who receive early intervention are less likely to need support services later on, potentially saving you thousands down the line. Here’s how to get your child the help they need without breaking the bank.

How to Save on Early Childhood Special Education 

Childhood special education programs
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If your child isn’t hitting important developmental milestones, they may need additional support to catch up, such as physical or speech therapy. Starting interventions early before your child enters school can set them up for academic success. However, the cost of private services is out of reach for many families. Private providers may charge $100 to $200 per hour or more. If you have insurance, it may help cover the cost of medically necessary services. Below are some additional avenues to explore.

Publicly Funded Early Childhood Special Education Programs

Public school is a great option
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According to the CDC, early childhood special education programs are currently available in every state. Children with special needs can receive support services for free or at a reduced cost. Some states charge nothing, while others may require you to pay a sliding scale fee based on your income. 

To determine your child’s eligibility, you can either speak to their pediatrician or arrange a developmental evaluation through the state. If your child is under the age of three, you can call your state’s early childhood education program to get an assessment. Kids older than three can be evaluated by the local school district even if they don’t attend classes there.

Apply for Grants 

applying for grants can help lighten the load
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Many nonprofit organizations offer grants to help parents cover their child’s healthcare costs. Although you won’t have to repay these funds, you may be required to use them for specific purposes, such as assistive devices or medical bills. Keep in mind that some grants may only be available to children with certain conditions or families with limited incomes. Before you spend time filling out an application, make sure you meet the eligibility requirements for the grant. Below are a few organizations that may provide aid, but keep in mind that funds are limited.

  • The M.O.R.G.A.N. Project
  • The Federation for Children with Special Needs
  • Autism Speaks and Autism Care Today
  • Disabled Children’s Relief Fund
  • Different Needz Foundation

Research Community Resources 

Your community is here to support you
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There may also be nonprofits in your local community that provide various services to kids with special needs. For example, Extra Special People in Georgia runs affordable summer camps and after-school care programs for kids with disabilities. Some churches have food pantries, transportation services, and respite care programs to help members in need. Many communities also have assistive device exchange programs to make it easier to afford medical equipment. Googling “resources for disabled children” followed by your location can yield helpful search results and services.

Take Advantage of Tax Credits 

Find tax credits that will benefit you
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Parents of disabled children may qualify for certain tax credits or deductions. You may be able to deduct the cost of prescriptions, travel to and from appointments, medical equipment, and necessary home modifications on your taxes. There are also tax credits you might be eligible for, such as the EITC for Parents of Children with Disabilities or Child or Dependent Care Credit, which helps offset childcare costs.

Consider Applying for Benefits 

Being a caretaker is valid
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There’s no shame in applying for benefits if you need them. Caretaking responsibilities often make it difficult for parents of disabled children to earn sufficient income. Depending on your salary, you may qualify for programs like Medicaid and CHIP, which provide free or low-cost health coverage. If your child is considered disabled, you may be eligible to receive SSI payments from the Social Security Administration as well. Other programs to look into include food stamps and TANF, which provides emergency financial assistance. These programs can reduce the strain on your budget and help you afford the therapies your child needs.

Early childhood special education can be expensive, but luckily assistance is available. Grants, state-run programs, and community resources can help you cover the cost of the support services your child needs. Do you have any strategies for saving money on medical costs? Share your tips below!

How You Spend and Give Your Money: Teaching Financial Responsibility to Kids

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Teaching kids about financial responsibility is crucial for their future success and independence. By understanding how to spend and give money wisely, children can develop healthy financial habits that will benefit them throughout their lives. Here’s how you can guide your kids in learning financial responsibility.

Start with the Basics

Begin by introducing your kids to the basic concepts of money, including earning, saving, spending, and giving. Explain the difference between needs and wants, and why it’s important to prioritize spending on necessities. Using simple terms and real-life examples can make these concepts more relatable and easier to understand.

Set Up an Allowance System

An allowance system is a practical way to teach kids about managing money. Give them a weekly or monthly allowance and encourage them to divide it into categories such as saving, spending, and giving. This hands-on experience helps children learn the value of money and the importance of budgeting from an early age.

Encourage Savings

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Teach your kids the importance of saving by setting up a savings account or a piggy bank. Explain how saving money can help them achieve their goals, whether it’s buying a toy, a game, or saving for future expenses. Encourage them to save a portion of their allowance regularly and discuss the benefits of long-term savings.

Introduce Charitable Giving

Incorporate charitable giving into your child’s financial education. Explain the importance of helping others and the impact of donations. Encourage them to set aside a portion of their allowance for charitable contributions. This practice fosters empathy and teaches them the value of giving back to the community.

Teach Budgeting Skills

Budgeting is a crucial skill for financial responsibility. Help your kids create a simple budget to manage their allowance. Include categories for different expenses and savings goals. Review the budget with them regularly to track their progress and make necessary adjustments. This practice helps them understand the importance of planning and controlling their spending.

Use Real-Life Experiences

Use everyday experiences to teach financial lessons. Take your kids grocery shopping and involve them in making purchasing decisions. Discuss prices, compare products, and explain the concept of getting value for money. These real-life examples make financial concepts more tangible and understandable.

Discuss the Importance of Work

Teaching kids about the value of work can help them appreciate money more. Assign age-appropriate chores and offer extra opportunities to earn money through additional tasks. This approach helps them understand the connection between work and earning, fostering a sense of responsibility and independence.

Set Financial Goals

Setting financial goals teaches kids about planning and delayed gratification. Help them identify short-term and long-term goals and create a plan to achieve them. Whether it’s saving for a new toy or a bigger purchase, working towards a goal reinforces the importance of saving and managing money wisely.

Encourage Smart Spending

Teach kids to be smart consumers by discussing the difference between quality and quantity. Encourage them to think about their purchases carefully and consider whether they really need an item. This practice helps them develop critical thinking skills and avoid impulsive buying habits.

Lead by Example

Children learn a lot by observing their parents. Demonstrate good financial habits by managing your money wisely, saving regularly, and making thoughtful spending decisions. Discuss your financial choices with your kids and explain the reasoning behind them. Leading by example reinforces the lessons you teach and helps kids understand the importance of financial responsibility.

Fostering Financial Responsibility in Kids

Teaching kids about financial responsibility equips them with essential life skills. By introducing basic money concepts, encouraging savings, promoting charitable giving, and involving them in budgeting, you can help your children develop healthy financial habits. Leading by example and using real-life experiences further reinforce these lessons, preparing them for a financially responsible future.

Supporting Adult Children: 8 Things Boomers Can Do Instead of Giving Money

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Supporting Adult Children 8 Things Boomers Can Do Instead of Giving Money

Many Baby Boomers find themselves in a position where their adult children seek financial assistance. While offering money can provide immediate relief, there are other ways to support your children that can promote long-term stability and growth. These alternatives can foster independence and self-sufficiency, helping your children navigate adulthood more confidently. Plus, these methods are less of a monetary burden on the parents, ensuring they don’t sacrifice their financial well-being along the way. Here are eight strategies for supporting adult children without directly giving them money.

1. Provide Emotional Support

Provide Emotional Support

Emotional support is invaluable for adult children navigating life’s challenges. A strong emotional foundation can help them build resilience in the face of adversity. Listening to their concerns and offering encouragement can make a significant difference in their mental well-being. Establishing a strong emotional connection helps them feel understood and valued. Regularly checking in and being available for meaningful conversations fosters a supportive environment.

2. Offer Practical Advice

Offer Practical Advice

Sharing your life experiences and knowledge can be more beneficial than financial assistance. Your insights can help them avoid common pitfalls and make more strategic choices. Providing guidance on budgeting, career planning, and personal development helps your children make informed decisions. Practical advice equips them with the tools they need to manage their lives effectively. By imparting wisdom, you empower them to handle challenges independently.

3. Help with Job Search and Career Development

Help with Job Search and Career Development

Assisting your adult children with their job search and career development can lead to long-term financial stability. Use your network to connect them with potential employers or mentors in their field. Review their resumes and offer tips for successful job interviews. Encouraging them to pursue further education or certifications can also enhance their career prospects. This proactive support can significantly boost their confidence and employability.

4. Teach Financial Literacy

Teach Financial Literacy

Financial literacy is crucial for managing money responsibly. Teach your children about budgeting, saving, and investing to help them make sound financial decisions. Discussing topics like credit scores, loans, and interest rates prepares them for real-world financial responsibilities. Financial literacy empowers them to achieve financial independence and security, as understanding financial principles can help them build wealth and avoid debt.

5. Encourage Independence

Encourage Independence

Fostering independence is essential for adult children to thrive. Encourage them to take on responsibilities and solve problems on their own. Supporting their efforts to find housing, manage bills, and handle daily tasks builds their confidence and self-reliance. Independence leads to personal growth and a stronger sense of accomplishment. By promoting self-sufficiency, you help them build a stable and fulfilling life.

6. Offer Non-Monetary Assistance

Offer Non-Monetary Assistance

Non-monetary assistance can provide valuable support without financial dependency. Helping with household chores, babysitting grandchildren, or offering transportation can alleviate some of their burdens. This type of support shows your care and involvement without directly giving money. It also helps them manage their responsibilities more efficiently. Your practical help can make their daily lives more manageable and less stressful.

7. Encourage Healthy Lifestyle Choices

Encourage Healthy Lifestyle Choices

Promoting healthy lifestyle choices can improve your adult children’s overall well-being. Encourage them to maintain a balanced diet, exercise regularly, and prioritize mental health. Discuss the benefits of work-life balance and stress management techniques. Healthy habits contribute to their physical and emotional resilience. By advocating for a healthy lifestyle, you support their long-term health and happiness.

8. Support Their Goals and Dreams

Support Their Goals and Dreams

Supporting your adult children’s goals and dreams can inspire them to pursue their passions. Show interest in their aspirations and offer encouragement and advice. Celebrate their achievements and help them navigate setbacks with a positive outlook. Your support can motivate them to strive for success and fulfillment. Believing in their potential can give them the confidence to overcome obstacles and achieve their dreams.

There Are Options for Supporting Adult Children That Don’t Involve Money

There Are Options for Supporting Adult Children That Don’t Involve Money

Supporting adult children without giving money involves offering emotional support, practical advice, and non-monetary assistance. Teaching financial literacy, fostering independence, and promoting healthy lifestyle choices are also crucial parts of the equation. Similarly, helping with job search and career development and encouraging their goals and dreams can reap dividends, further empowering them to reach new heights. These strategies not only provide valuable support but also help your children build a strong foundation for a successful and independent future.

Read More:

Toxic Grandparents: 12 Things Baby Boomer Grandparents Must Avoid

The Boomer’s Guide to Thriving in a Multi-Generational Workplace: 13 Tips

15 Surprising Ways Your Daily Habits Impact Your Finances

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daily habits

Your financial health isn’t just determined by major decisions like investments or big purchases—it’s often influenced by the everyday habits you might not even think twice about. From your morning routine to how you unwind at night, here are 15 surprising ways your daily habits can impact your finances.

1. Morning Coffee Run

coffee run

Your daily coffee run might seem like a harmless indulgence, but those small expenses can add up quickly. Spending $5 on a latte every day translates to $1,825 a year—money that could be put towards savings or investments. Consider brewing your coffee at home or investing in a quality coffee maker to save hundreds of dollars annually. By cutting back on this daily habit, you’ll not only save money but also start your day with a financial boost.

2. Skipping Breakfast

skipping breakfast

Missing the most important meal of the day can lead to impulsive spending on snacks later. Investing in a nutritious breakfast can boost your energy and save you money in the long run. Especially if you are commuting to work, grabbing an on-the-go breakfast from home, like a breakfast bar, can save you a good amount of money. In sum, skip the Dunkin Donuts run to cut back on your spending.

3. Online Shopping Binges

online shopping

Those late-night scrolling sessions can lead to unnecessary purchases. Consider implementing a waiting period before hitting “checkout” to curb impulse buys. Shopping when you’re tired or bored can lead to impulse buys. Avoid online shopping late at night and save your purchases for when you’re more alert and focused.

4. Unplanned Grocery Trips

unplanned grocery trips

Shopping without a list can result in buying items you don’t need. Plan your meals for the week and stick to a shopping list to avoid overspending at the grocery store. Also, don’t grocery shop when you’re hungry. Everything looks good when you’re starving and can seriously alter your grocery shopping list.

5. Unused Subscriptions

subscriptions

Unused subscriptions often fly under the radar, silently draining your bank account month after month. Whether it’s a streaming service you signed up for but rarely use or a gym membership that collects dust, these subscriptions can add up to significant expenses over time. Take the time to review your subscriptions regularly and cancel any that you don’t actively utilize. By freeing up this extra cash, you can redirect it towards more meaningful expenses or savings goals.

6. Eating Out Frequently

eating out

Frequent dining out may provide convenience, but it often comes at a hefty price. The cost of restaurant meals, beverages, and tips can quickly escalate, putting a strain on your budget. By opting to cook at home more often, not only can you save money, but you also gain control over ingredients and portion sizes, leading to potentially healthier eating habits. Planning meals ahead of time and enjoying home-cooked dishes can not only benefit your wallet but also your overall well-being.

7. Ignoring Energy Efficiency

energy efficiency

Ignoring energy efficiency practices at home can lead to inflated utility bills month after month. Leaving lights on, keeping electronics plugged in, and neglecting to adjust thermostat settings can all contribute to unnecessary energy consumption. By developing simple habits such as turning off lights when leaving a room, unplugging electronics when not in use, and adjusting the thermostat to conserve energy, you can significantly reduce your utility costs over time. Taking proactive steps to improve energy efficiency not only saves money but also reduces your environmental footprint, making it a win-win situation.

8. Paying ATM Fees

ATM fees

Frequently using out-of-network ATMs can result in substantial fees that eat into your budget. These fees, often ranging from $2 to $5 per transaction, can add up quickly, especially if you make multiple withdrawals each month. Planning ahead and withdrawing cash from your bank’s ATM or opting for cashback at stores can help you avoid these unnecessary charges. Some banks also offer ATM fee reimbursement, so make sure to take advantage of this perk if offered by your bank.

9. Daily Commute Costs

daily habits commuting to work

Driving solo to work every day can drain your budget with gas and parking expenses. The average commuting expense per year in 2023 was $8,466. To cut down on costs, ask your employer for a hybrid work schedule, working from home on some days. If this isn’t possible, consider carpooling, biking, or using public transportation to save money on transportation.

10. Impulse Buying

impulse buying

Those small impulse purchases at the checkout counter can add up over time. Impulse buying is often linked to unhappiness, which motivates impulsive buying decisions. Often we believe that impulse buys will make us feel better, but that often is a fleeting feeling. Stick to your shopping list and avoid the temptation to save money and also improve your well-being.

11. Mindless Snacking

snacking

Constant snacking throughout the day can lead to overspending on convenience foods. Plan healthy snacks ahead of time to avoid impulse purchases. It may be helpful to portion out snacks or buy pre-portioned snack packs to avoid mindless snacking. This can help your whole family manage portions and ultimately save money.

12. Overusing Credit Cards

overusing credit cards

Swiping your credit card for every purchase can lead to debt accumulation due to high interest rates. Use cash or a debit card for everyday expenses to stay within your budget. If you do utilize your credit cards, make sure that you can pay off your balance at the end of the month to avoid interest fees. At the very least, make sure that you can comfortably pay the minimum balance owed to avoid unnecessary late fees.

13. Ignoring Discounts and Coupons

coupons

Failing to take advantage of discounts and coupons means missing out on potential savings. Keep an eye out for deals and promotions to stretch your dollars further. Many influencers on social media will post the best deals of the week, so you don’t have to do a lot of extra work to snag the most savings. You can also get helpful rebates on Ibotta and Fetch to help you offset the cost of groceries and everyday purchases.

14. Not Tracking Expenses

budget

Ignoring your daily spending habits can lead to financial leaks. Keep track of your expenses using budgeting apps or spreadsheets to identify areas where you can cut back. Knowledge is power when it comes to managing your finances. Many banking apps can help you set up a budget that makes sense for your financial goals.

15. Rewarding Yourself with Little Treats

treat yourself

Usually, when we’re stressed it’s easy to motivate ourselves with the thought of a little reward. This could be grabbing a drink after work, buying something you’ve been eyeing on Amazon, or getting a massage. While these treats are great for your well-being, it’s important to keep your financial goals in mind. Make sure treats don’t become daily habits that you justify by saying, “I deserve this.”, or “I don’t do this often.” Ultimately, treating yourself can have a heavy financial impact at the end of the month.

Considering Your Financial Well-Being

financial health

Being mindful of your daily habits is crucial for maintaining financial well-being and achieving long-term goals. Small changes, such as brewing your coffee at home, cooking meals instead of eating out, and turning off lights when leaving a room, can have a significant impact on your budget over time. By consistently making smart choices in your daily routine, you can save money, reduce unnecessary expenses, and allocate funds toward your financial priorities. Ultimately, practicing mindfulness in your daily habits empowers you to take control of your finances and build a more secure future.

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Why You Shouldn’t Pay for Braces in Full to Save

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Why You Shouldn't Pay in Full for Braces

From about the time my oldest was six, I knew that he would need braces.  His teeth were cramped and crooked.  We were on a tight budget, and I was concerned about the cost.  When our oldest was 11, our dentist suggested he get a consult with the orthodontist.  The orthodontist told us what we already knew—he would need braces, and it was going to be expensive.  When the orthodontist gave us the various payment options, I saw that there was a discount if you paid for the treatment upfront.  After much investigation, we learned there are several reasons why you shouldn’t pay for braces in full to save.

How Much Do You Save by Paying in Full?

In our case, we would have saved $150 off the total $5,000 cost of braces by paying in full.

Why You Shouldn’t Pay for Braces in Full to Save

We decided not to pay in full for several reasons.

Impacts Your Finances

Because we were on a tight budget, paying $5,000 out of pocket at once would hinder our finances.  We couldn’t justify upsetting our finances and struggling for a few months financially to save $150.

Payment Plan Is Available

Many orthodontists have payment plans available.  These payment plans often are offered at zero percent interest.  We paid our orthodontist a $500 down payment and then paid $125 monthly for 36 months.  The monthly payment was small enough that it didn’t affect our budget.

We also had a flexible spending account, and each month, we submitted the $125 payment for reimbursement.

Had we paid for the braces in full, we wouldn’t have been able to get all of the money reimbursed from our flexible spending account because those have a yearly limit (currently $2,850).

The Orthodontist May Close His Practice

When we researched whether we should pay for his braces in full, someone warned me that the orthodontist might close his practice while our son was getting treatment.  If that happened, all the money we paid upfront would be gone.

I listened to the advice but didn’t think this was a serious concern.  How many orthodontists suddenly close their practice?  My son completed his orthodontic treatment successfully.

Then our oldest daughter got her braces with the same orthodontist.  One year into the pandemic, he pulled me aside to tell me that his business had taken a hit and he was closing down his practice.  Thankfully, we hadn’t paid upfront with our daughter, either.  I can’t imagine being out all that money, but now I know that unforeseen circumstances can arise, and orthodontists can and do close their practices.

Final Thoughts

If you’re a bargain shopper, you may like the idea of saving some money by paying in full for braces.  However, we learned you shouldn’t pay in full for braces to save because you can’t fully utilize your flexible spending account.  More importantly, your orthodontist may go out of business as ours did during the pandemic.  Then you would have lost all of the money you paid upfront, which is no savings at all.

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5 Ways to Buy Legos at a Discount

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Buy Legos at a Discount

A few years ago, my daughter began a Lego obsession.  She asked for Lego Friends sets for her birthday, and she was surprisingly quick at putting the sets together.  Not long after, she advanced to Lego sets for teens like Lego Architecture sets with hundreds of pieces.  If your child is a fellow Lego enthusiast, I don’t need to tell you how quickly the prices for these sets add up.  Luckily, there are several ways to buy Legos at a discount.

How to Buy Legos at a Discount

You can buy Legos at a discount, but you have to be patient and use one or more of these methods.

Buy on Sale

Yes, Legos do sometimes go on sale.  Often, especially during the holiday season or when a Lego model is discontinued, you can find the sets for 20% off.  The best places to look are Target, Walmart, and Lego.com.

In addition, Lego.com sometimes offers free small Lego kits when you buy a set from them.  Last Easter my daughter got two free, small sets when she purchased a larger one.

Buy at Costco

Costco doesn’t always carry Legos, but they do during the holidays.  These sets are cheaper than you can buy them elsewhere, but they do sell out quickly.  Keep an eye out for Lego sets in October at Costco.

Join Buy Nothing Groups

Buy Legos at a Discount

If you’re not looking for a particular set but just pieces, consider joining a local Buy Nothing group.  People frequently sell large bags of miscellaneous Lego pieces at a low price.  This can be an excellent way to start a Lego collection.

Other Things to Consider

You can utilize two other strategies to lower the overall price of Lego sets.

Help Your Child Save for a Lego Set

One of my friend’s sons wanted to buy a Lego Star Wars Millennium Falcon kit.  These retail for about $130.  My friend didn’t want to spend that much on one set, so she made a deal with her eight-year-old son.  If he saved $65 for the set, she would chip in the other $65.  She was impressed with how hard he worked and how much he saved to afford the set.

If your child wants an expensive set and you have the money to split the cost with him, this agreement can be an excellent way to teach your child how to save.

Can Sell to Recoup Money

Remember, your child won’t always want to build Legos.  When she is 16, she may have outgrown Legos.  If she has kept all the pieces to her sets as well as kept the boxes in good condition, she should be able to sell the sets and recoup some of her money, unlike many other toys.

Final Thoughts

If your child wants some expensive Lego sets, try utilizing some of these strategies to save money.  But remember, start your search earlier.  You’ll likely need some time to buy the Lego set at a discount.  You’ll need to search the sales and perhaps offer your child a money matching proposition to be able to afford the larger sets.

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4 Tips to Save on Car Insurance for Teens

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car insurance for teens

Kid’s ain’t cheap, and it gets worse as they get older. Nothing hits harder than when your child learns to drive, and when they are ready for college. For me, adding my child to my car insurance was filled with “my baby is growing up” emotions stabbing my heart and “how on earth are we going to afford this” on repeat through my head. They are normal, but you’ll need to find ways to tackle these thoughts. Here are some ways I learned to save some extra cash on car insurance for teens.

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