5 Tips for Saving Money When Buying

children summer clothesThe coming of summer means that it’s time for another round of clothes shopping. However, this can be an expensive venture, especially if you have multiple kids, and chances are good that they’ll outgrow their new duds by next year. Therefore, it’s important to find any way possible to cut costs. Here are five ways to save money when buying your children summer clothes.

Take Advantage of Sales

Sales are a parent’s best friend. Whether they’re clearance sales, end of season sales or back to school sales, you’re sure to find deals that will save you a bundle. If you restrict your shopping to stores that are running sales, you shouldn’t have to spend too much on summer clothes. Furthermore, it’s also a good idea to check the ads that come with your paper. You may be able to find coupons for additional money off. Do your research, so you know when the best sales are happening and the best deals are available.

You can also take advantage of sales by shopping and getting together with friends. Get together with those people you know who like to shop sales, and share shopping tidbits and secrets. Then head out on a shopping spree that is sure to save you big bucks and provide entertainment with your friends or family.

Shop Online

Oftentimes, buying your kids’ summer clothes from online retailers results in big savings. These sellers don’t have the same expenses associated with local stores, and that money saved is passed on to you as the customer. This also opens up the ability to take advantage of coupon codes. These can give you bargains like a discount, free shipping, or even a free purchase.

When shopping online, ensure that you are getting the best deals by comparing several different sites and several different brands. The ease of online shopping allows you as the consumer to pick and choose only the best deals and compare prices of clothes. Take a few minutes to find the best deal, and your wallet will be thanking you.

Get Social

Many retailers today have a presence on social networking sites like Twitter and Facebook. If you follow them or become a fan, you can be privy to exclusive sales, discounts, coupons and codes. If you focus on stores that already tend to have low prices, you could end up saving even more. Some stores will even have giveaways or free products on their social media accounts. Get in contact with these accounts and stay updated to get the best deals possible.

Thrift Stores

Thrift stores and second-hand shops have become extremely popular ever since the economic downturn. When you’re looking to buy kids’ clothes, don’t be so quick to pass these places up. You can find a wide range of stylish clothing brands at a fraction of the cost of buying them from regular stores. Sometimes, you can even find brand-new clothes with the tags still on them. These shops are a particularly good place to search for jeans, which are very expensive new. However, some searching may be necessary as they often mix the kids’ pants into the women’s and men’s jeans.

Hand Me Downs

If you have more than one child, you can save a ton of money by handing older kids’ clothes down to the younger ones. This way, it’s possible to cut your clothes shopping bill by half or more. Often times these clothes will still be in great condition. This is a great option to use when kids are growing out of things so fast that they barely get to use them. Furthermore, younger kids will love to have clothes that once belonged to a sibling they look up to.

Author Bio

This article was written by Dixie Somers. If you’re looking for great deals on fashionable clothes,  Reem Basics – mens jeans is a great place to start.

5 Ways to Make Sure You Can Afford to Give Your Kids the Best Education

5 Ways to Make Sure You Can Afford to Give Your Kids the Best Education

We all want to see our kids go to college to get a great education.  There aren’t many things in life that can take you further than a quality education and a good education is expensive and going up annually.

Counting on school grants and scholarships are unreliable, and sometimes unavailable and asking your child to work full time to help pay for the tuition just limits their success and the odds are much more likely that they will drop out, or earn poor grades.

Student loans are available for them, however with rising interest rates, these loans could haunt your child well into their adult life.  Therefore, the only real solution is to plan ahead.  Education simply cannot be left to chance, and being prepared is going to ensure that your child gets the best possible education.

Planning for education is more than just putting money aside.  Helping your child decide what career path they wish to choose will help decide what college they will want to attend, and what the tuition will be when they are ready to enroll.  Not to mention allowing them to tailor their high school education to meet their goals.

Financial Planning:

A good financial planner will help you get on the path to setting up and starting a college fund.  The sooner the better, and with the help of a financial planning expert, you can ensure that the funds you invest today will be well worth the struggle.

According to experts, the best time to set up your child’s college fund is when they enter Kindergarten.   But, if you’ve not started yet, there is still time, if you get advice and invest wisely.  There are many plans that can help set aside the funds your child will need.

Choosing the right plan:

Simply opening a savings account in your child’s name for a college fund is not the way to go.  Savings accounts first, do not pay enough interest, and second, could cost your child money in taxes and missed financial aid.

In the federal calculation when determining what your child can receive in financial aid and grants, those assets can in the way, hindering them from qualifying for student aid or grants.

The most that a child can have in their name is about $3,000.00 without missing out on financial aid.

The 529 College plan:

This is one of the most popular plans for college funds.  It works somewhat like an IRA or 401(k) and allows parents to save for their kid’s college education, tax-free. These types of plans offer tax advantages as well as financing tuition, and all of the gains are tax-deferred.  Another bonus is that if the funds are used for tuition, you will never have to pay taxes on that cash.

Looking into a 529 college plan, or similar will put you at ease, because it is money invested in money markets, aggressive to start, and then less aggressive as the fund grows.  Saving for your child’s future can be as easy as a small monthly donation to the fund.

Invest child-care money:

Most kids of working parents grew up in childcare, with the average cost of around $5 – $20 thousand dollars annually.  If your child was in a top-notch child care center, more.

Once your child begins elementary school, you can take the money you have already been using on child-care and stick it into their college fund.  Since you’re already accustomed to living without those funds, you shouldn’t miss them.

The gift of education:

Most parents realize that funding their child’s education is going to be difficult, and may not meet the entire tuition, depending on which college your child chooses. Giving the gift of education can take a little research, and planning, however, when your child’s birthday, or holiday comes around, ask for the gift of education in lieu of presents.

You can have your gift bearers give directly to the education savings account, or plan.

Get your child in on the plan:

Once your child enters High School, there is no reason why they can’t find a part-time job – trimming lawns, washing cars, babysitting.  Get them involved in their own college fund.  Not only will they appreciate the ability to attend college, but also they will have contributed, giving them the satisfaction of preparing for their future.

That child will no doubt appreciate college much more, and strive to do better.

According to the College Board, an education can be highly expensive, and the average for a public college or university can exceed $7,000 a year.  For a private college or university the cost rises to the tune of around $27,000 per year and that doesn’t include living expenses, and food.

Think about it now, and get your child in on the process, and if you stick to the plan, that college fund will flourish.

%d bloggers like this: