Home    Subscribe    Write for Us    List an Event/Business    Contact    Login
Join the Melbourne Mums Facebook Group to ask questions, seek advice, share experiences and join a vibrant and supportive community.

Advantages of Growing Up on a Budget

by Marie Vonow (follow)
Blogs:https://minamaries.blogspot.com.au https://simpleselfimprovement.blogspot.com.au/
It is natural to want to give your children a comfortable home and the material things you are expected to provide. Perhaps, with careful budgeting you have sufficient money to pay the bills and provide the basics. However, you stress because you are unable to spend lots of money on your children. You may feel they are missing out if they donít have everything advertisements suggest they must have. Perhaps you feel you are letting them down by not buying them toys, gadgets and treats. However, could there be advantages for children growing up in a home that is on a budget?

Piggy bank

Learning to budget from an early age
Children brought up in a home where budgeting is an everyday practice know they canít have everything they desire. They will pick up the attitude that you have to think before you spend and make careful choices.

Developing thrifty habits
Children are likely to be aware that water shouldn't be wasted and lights and power points should be turned off when not needed..although, that doesnít mean they will always do it while they are living at home. When they move out of home and are paying the utility bills they will probably remember.

If there are discussions about running costs of electrical items, the car and so on, children are more likely to think of these things once they are paying their own way. Hopefully, they will have a greater appreciation of modern conveniences.

They may have to live on a limited income at some stage in life
Even if a child grows up in a home where there is plenty of money, they may face financially challenging times later in life. If they have no experience of making money stretch and their family can't give them practical advice they may find it very difficult to make ends meet. They may also feel a sense of failure and anxiety because they have no experience of coping on a restricted income.

Piggy bank

Encouraging creativity and independence
Owning fewer toys and devices may encourage a child to make greater use of their imagination. They may get more joy out of simple activities such as blowing bubbles, water play, building things from scraps of wood and painting. Having to think of ways to have fun on a limited budget may stimulate their creativity and this may continue into adulthood. Perhaps they will do their own home renovations instead of paying an 'expert' to do it. Being more independent and creative builds self confidence.

Piggy bank

They will know a bargain when they see it
Children who have been brought up to be aware of prices are more likely to spend wisely later in life. They will be in the habit of comparing prices and will know when the sales are on. They are also likely to be aware of what fruit and vegetables are in season and the cheapest places to buy them. Perhaps they will decide they don't need all the latest gadgets or they will wait until the latest model has been out for a while and drops in price.

Instead of always expecting to be able to buy things new, those used to budgeting will be aware of garage sales, op shops, and internet sites such as Gumtree and Freecycle. They are more likely to swap with friends and family.

They are used to living modestly
Because they werenít brought up in an affluent lifestyle, they are more likely to be happy living in a basic house. Yes, they may feel pressure to keep up with others but there is more chance they will feel gratitude for what they do have.

If you are bringing up children on a limited income, think of the positive aspects. Also, if the limited income is due to a parent being at home rather than in the workforce, remember you are able to spend more time with your children. You are there for them when they need you and they will have memories of this precious time. This may be the biggest advantage of all.
Laundry Lady is a mobile laundry service that has been successfully helping Queensland parents stay organised with the washing since 2012, and are coming to Melbourne very soon!
ABC Quest is a fun, educational app designed to teach preschoolers the alphabet, along with phonics, colours, animals, songs, rhymes and vocabulary.
Disempowering, traumatic experiences of birth can so easily be avoided if parents are provided an opportunity to make their own, informed decisions.
When the Ďbig fourí banks announced the news that Australians can pause their mortgage repayments, many Apt Wealth Home Loan clients asked the question: is this is a good idea?
Kids Club Childcare has some fantastic resources to help you survive lockdown.
Nourishing Bubs is everything you need in a baby food, but without all the hard work.
From facial masks to purifying scrubs, detanglers to smoothing spray and lipstick to lotions, this prize pack contains a HUGE number of products to make you feel AMAZING.
An excellent source of protein and source of key vitamins and minerals, the nutritional benefits of chicken stack up!
Do you want to learn how to knit? Or have recently started and would like to meet some new friends to share your creativity with, all while having a good chat? Melbourne Knitting Club has classes for you.
The Melbourne Crochet Club meets on a regular basis to learn crochet, meet other local mums, and to have a good chat. Whether you're a complete beginner or a seasoned pro, everyone is welcome to come along.
The Geelong Crochet Club meets on a regular basis to learn crochet, meet other local mums, and to have a good chat. Whether you're a complete beginner or a seasoned pro, everyone is welcome to come along.
Join the conversation on the Melbourne Mums Facebook Group

Enjoy affordable family photography from MyFamilyPhoto.com.au

I like this Article - 8
[ print friendly ]
ID: 42044
January (112)
February (102)
March (138)
April (104)
May (193)
June (77)
July (89)
August (99)
September (116)
October (111)
December (120)
Copyright 2012-2018 OatLabs ABN 18113479226. mobile version