Having kids can be expensive, but you might not realize just how costly the process is. And the cost has only risen in the past several years. Today, it is possible for partners to spend several hundred dollars for each child to raise them to the age of 18. The good news is that you do not need to spend that much to help your children have a great childhood. You also do not need to worry about making too many changes to your life.
![](https://thefrisky.com/wp-content/uploads/2020/12/Finances-During-Old-Age-1-730x430.jpg)
Source: Mum’s Money
Contents
Looking for Ways to Save
When you have kids, you’ll want to find ways to save on expenses whenever possible. By cutting down on other areas of your budget, you’ll be better equipped to spend your money where you need it the most. One way of saving is to sell your life insurance policy. That way, you will not need to pay costly life insurance premiums. And selling your policy also gets you a lump sum, which you could either invest or put toward the cost of raising your kids. It is possible to sell the policy just like any other type of property using Uplife Finance to get your estimate.
![](https://thefrisky.com/wp-content/uploads/2020/11/kids-toys-730x438.jpg)
Source: dailymail.co.uk
Getting Childcare
When there are kids in the house, one of the most significant expenses may be getting childcare for them while you are at work. That is especially true if you are getting ready to get back to work after the pandemic. Some companies offer help with these costs, but many do not. However, it will not hurt to check with your employer to see if you can get some of these. You might be surprised at how much you could end up saving.
You could also look into nanny shares since these are high costs for many parents. But if you get a nanny share, the nanny will be looking after kids in similar areas. The nanny might split time between families or get all the children together to keep an eye on them. It is not as expensive for parents. And if the kids are getting together, your child will have a chance to make friends their own age.
![](https://thefrisky.com/wp-content/uploads/2021/05/Getting-Childcare-730x481.jpg)
Source: Working Mums
Saving on Birthdays
Birthdays might be costly if you let them get out of control, and you may dread them if you have concerns about the cost. Try to emphasize making good memories, not the amount of money you are spending. Consider low-cost options, like allowing your child to invite some friends over and spend time together. You could host a sleepover with cake and pizza or let the kids play in the yard or go to a park. If you want to do something special, you could book a venue at a certain time when the demand is not as high. And ensure your child limits their guest list, which also makes planning easier.
![](https://thefrisky.com/wp-content/uploads/2020/09/plan-kids-birthday-party-budget-730x488.jpg)
Source: moneycrashers
Save Money on Food and Household Products
Look for ways of reusing things, so you do not need to buy as many. For example, using paper towels is often convenient. It doesn’t cost much initially, but it can cost a bit over time. Instead, consider getting reusable cleaning items. You could use a soapy sponge to clean your counters and then dry them with a kitchen towel. Washable towels do not cost that much more than paper towels, and they will last a lot longer since you will not need to toss them out.
You could also consider using cloth diapers. They are not as convenient, but they might save you a bit of money. Reusable diapers also need a bit more organizing to help you stay on top of things. Still, they can reduce your carbon footprint and also reduce your budget.
![](https://thefrisky.com/wp-content/uploads/2021/05/Household-Products-730x481.jpg)
Source: AllThings.Bio
Deciding What to Eat for Dinner
You’ll also want to do some meal planning as well. If you are tired at the end of the day, you might want to order something for dinner. However, that can be expensive, and the cost will add up over time. Instead, plan out what you are having for dinner ahead of time. That way, you will be less likely to order expensive food. Look at the grocery ads in your area to see what is on sale that week and plan your menus around that.
When you know what you are eating and what to purchase, you can save money since you will only buy what you need for that week. It also is easier to eat healthy since you can work more vegetables into your diet. It is best to plan the meals about a week ahead of time to avoid becoming overwhelmed. Alternatively, you could make the planning process easier by listing out your family’s favorite meals and simply picking seven meals from that list at the beginning of each week.
![](https://thefrisky.com/wp-content/uploads/2020/03/organic-food-definition-benefits-cost-730x488.jpg)
Source: moneycrashers
Try to Get Used Items
When it comes to clothing, look for gently used items. Kids quickly grow out of shoes and clothes, and they also go through toys quickly. That means many parents have to spend money getting new things for their kids. Consider heading to a local thrift store for some of these things. Or you could ask families who have older children – they might be willing to give or sell you these things. Of course, there are some things you might feel more comfortable getting new, such as cribs or car seats since some of them have expiration dates. You want to ensure that your child remains safe, whether traveling or at home.
![](https://thefrisky.com/wp-content/uploads/2021/05/Kids-quickly-grow-out-of-shoes-and-clothes-730x481.jpg)
Source: Yahoo Style UK
Making Your Home a Welcoming Place
Entertainment is essential and will help you bond as a family, but that does not mean you need to go to an expensive restaurant or another place to have fun. Instead of spending money to go out all the time, consider making your home a more fun place to spend time together. You could start by getting some board games or a good TV set so you can watch movies. Or you might decide to make one night a week pizza night and get the whole family involved in making dinner.