As parents, of course, we will give all the best for our children. We naturally want our children to grow well in their infancy. As parents, you may be willing to spend any money on the costs of growing and developing your children. But, what is the best way to determine the cost of a child? Maybe for some parents who have just had a child still confused. Some of the information below will really help you. There are some points you should know :
- Think about the cost of education
Raising a child is one of the difficult things, if you want your child to grow up to be a child that meets your expectations then, of course, you have to educate give the best education for your child. On this occasion, we will provide important information to you about how to determine the costs of raising children so that you are not confused and also do not spend excessive and wasteful costs. The first cost that you have to determine to raise your child is the cost of education. Even though your child may be still a baby, you should think about the cost of education from now on.
Maybe for those of you who have children who are still babies, think that consider the cost of children’s education now is too fast. No! You do the right thing because the cost of education for children must be considered from now on. The cost of education is currently quite expensive, so it is better if you think about it in advance so you can provide the best education for your child. Many things related to children’s education that you have to think about early. Starting from the choice to send children to ordinary schools or send their children to superior schools. In addition, you also need to start saving because later you need to finance your child’s tuition. Tuition is not a small fee, so you need to think about it from now on. We suggest that you not only have savings for your children’s education but also include children in education insurance so that they get a guaranteed education in the future.
- Think of insurance costs for children
How do you determine the cost of raising a child? Not a few parents say that determining the cost of raising children is difficult. For you who want to determine the cost of raising children, besides think about the cost of education, you also have to think about insurance costs for them. Of course, you already know what insurance isn’t? Of course, all parents want their children’s lives to be guaranteed, so if you want to include your child in insurance, we suggest that you think about it from now on. Even since your child is a baby, you can also include your baby in insurance.
Some types of insurance that can be followed by children are health insurance, and also education insurance. By the following insurance, the cost of education or health will be more helpful later. So, for those of you who may have more income and want to make it easier to finance your child when they are sick or educated, we recommend that you think about insurance costs for children from now on. If you and your wife or husband have agreed to include child insurance then the next step that you have to do is to find the best insurance services and also trusted.
- Think of other costs
Not only about tuition fees and insurance costs that you need to think about in determining the costs of raising children. All you have to think about is the other costs. Of course, we as parents in raising children not only need education fees and insurance costs. There must be a lot of other funds that we have to prepare to support our children’s needs during their growth and development. Other costs that we mean here, such as the cost of buying them clothes, furniture that they need, later when the children have entered school, of course, they need a lot of things such as books, bags, etc. You also have to think of such a small fee so that you can determine the cost of raising children correctly.
Besides that, also think about the cost of non-formal education or the cost of a hobby for them. For example, if you are thinking of including your child to a piano course when they are 5 years old or maybe when you expect to include a swimming course when he reaches 6 years old. By calculating such small costs, you can clearly find out how much you have to spend to raise your child.
- Think the additional costs
In addition, there are also additional costs to think about if you want to take good care of your child according to your expectations. The additional costs referred to here are different from other costs that we explained earlier. Which includes additional costs here such as for example the costs that we will incur for their vacation, then for the costs that we incur to buy them toys and others. It is better if you want to save more money in determining costs for your child, you can reducing unnecessary costs in this additional cost. And if you have made a reduction in costs then later you can allocate it to the cost of children’s education or to their insurance costs.
How to save expenses for children?
Now you already know how to determine the cost of raising a child and what costs are needed. Maybe you think if the cost of raising this child is very large, and it might be a little difficult for those of you who don’t have a large income. On this occasion, after giving you information about what are the costs involved in raising a child, this time we will provide important information, how to save expenses for your child. Here is the information for you:
- Save money when the child is baby
The first thing you should do if you want to save on expenses for your child is to save money when your child is baby. Given that after considering the costs previously determined above, it turns out that the cost of caring for and raising a child is quite large, we suggest that you make savings so you can finance all of your needs when the child grows older. When children are babies or toddlers, save money while you can. Maybe as we know that many people tend to buy lots of things for their children when they are baby. Especially for those of you who have just had your first child, you might buy a lot of things that are not really needed.
And it can become a habit if it’s not stopped immediately, you can buy a lot of things without calculation and can eventually make you wasteful. Therefore, you should start saving now. Buy the things needed by the child. Indeed, buying children’s toys doesn’t matter if you have to think about the costs too. The money you spend to buy things that are not too important can be saved and used to finance children’s education when they enter school age later. So, have you saved money? When your child is still baby or toddlers, save a lot.
- Don’t always buy expensive things for children
As we know that the growth of our children is very fast. The second step that can be done to save money in financing children’s growth is not always to buy children’s goods at expensive prices. Because it was a waste. Even though you may have a high income but you have to think ahead, you should start to think about how much the education costs and other costs when the child starts growing up. To save it, we recommend that you do not always buy expensive things for your children, such as buying them clothes or toys that are an expensive price.
There are times when you buy your children goods at the usual price, not cheap and also not expensive but have good quality. Therefore, for those of you who may have a habit of buying expensive items, from now on you should reduce them. You can still give what is best for your children without the need to buy expensive items.
- Pressing your ego
As parents, of course, we want what is best for our children in the future. We are aware that responsibility for raising children is one of the biggest and most important things. Our children have a future, and we have to help them prepare for it now. We recommend that you start learning to suppress your ego, especially for couples who have just had children. In order to save on the cost of raising a child, one of the ways you must do is learn to suppress your ego. It is better, from now on to prioritize your child’s needs above your personal desires. For example, you want to buy a gadget that has just been released, while your child needs money to pay for a study tour that the school will carry out. If the gadget you have is still fine, then don’t let yourself sacrifice the opportunity your child has to do a study tour.
We suggest that from now on you are more concerned with the needs of children above your personal desires or ego. Don’t let us impose our ego on ourselves, wanting things to be just for personal pleasure and then sacrificing what should be the property of our child.
- Cook at home
Maybe there are a lot of mothers who buy food outside for the family, there are lots of factors that influence why you usually buy food outside that is the first one maybe because you don’t have time to cook or maybe you can’t cook too much. But do you know if by cooking yourself at home it will really help you to reduce costs in raising children, but also can help you to reduce monthly family expenses? So, for you who might often buy food outdoors every day, then from now on you should cook it yourself because it will be more economical.
Besides being able to help you to save so you can collect costs to raise your child, by cooking at home then we can take care of children’s health because it might be more hygienic. Whereas when buying food outside we do not know how to process it.
- Saving money early
The cost of raising a child is indeed not cheap, because after all the costs will continue to increase from year to year. Therefore, we as parents should have a plan from now on so that we can prepare costs for raising children. So that in the future, we will no longer feel confused to find money for our children needs. For you whose children are still babies, we recommend that you save your money from now on, it doesn’t matter if you might not have a large income. You can save from now on so that later when the child starts entering school age you have enough money to be able to finish funding the school until they go to college. Therefore, from now you must learn to save money in a bank.
That was some important information that we could give you about how to determine the cost of the child along with providing some tips that could save the cost of raising a child. Hopefully, the article we provide can be useful and also useful for you all!
