If your family is like most, then you surely have to budget too for your kid’s clothing. It can be quite a challenge to keep kid’s clothed and fashionable, especially if there are more than one or two kids in each family. That’s why there may be a need to develop a budget to accomodate the extra expenses.
Developing a clothes budget for kids doesn’t have to be hard. Here are some tips on how you can implement a budget and help offset some of those expenses that are hard to manage:
- Determine an amount to spend per child. This is important if you have a limited income and need to keep an eye on how much money you are spending or alloting per child. This amount can also vary widely if the kids are different ages and have different clothing needs. Budget accordingly and keep a keen eye on limits.
- Set aside a pre-determined amount each payday.
By setting aside a certain amount each time you are paid, you make sure you have the necessary money you need to go clothes shopping when you need it. Doing this also keeps you from spending that allocated money on other budgeted items.
- Roll-over the budgeted amounts each season.
If you don’t need it, don’t use it. This way, you can ensure that the budgeted accounts for the kids clothes are well-stocked and available when you need it. You can also roll the unused amounts into the budgets for the other kids if you have to. It’s best to not do this unless you have to, but the option is there just in case.
It’s completely understandable and often a common thing with families to have to budget for certain things in their household, like clothing. But even though this is an often large expense, it’s good to know that you can organize and manage your finances with a little