Numerous articles discuss how expensive it is to raise children. Yet I have not seen any articles about the numerous ways children help you to save your money. In my short-time as a parent, here are some that I’ve discovered:
- Your two-year old gets sick, you cancel your evening plans. Savings: babysitter, dinner. The longer the sickness, the bigger the savings!
- You’d like to go out, but your spouse already has plans. Someone has to stay home. That someone is you. Cost of an evening reading newspaper or watching TV: $0
- Kids love to play games, from roley-poley to catch. Now you do too. Total cost: $0
- Playing on the swings.
- Playing in the leaves.
- Doing something with your child that involves exercise. Your cost $0. Your short-term benefit: you’re off the couch. Long-term benefits (to your health): potentially tremendous (not to mention related health-care cost savings)
- Teaching your child the alphabet, nursery rhymes, counting to 10, how to say Matsuzaka, etc. Cost: $0.
There are plenty of expenses related to children of course , including the big one: saving for college education. But, like everything else, there’s plenty more balance than first meets the eyes. If you want to live Beyond Paycheck to Paycheck, it’s critical that you find yours.
Comment below on any other ways your children have helped save you money.