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When do you start saving for your childs brirthday?

Submitted by on March 16, 2013 – 8:54 pmNo Comment

This is a topic close to my heart as Maxi turned eight today.  Being the type of child he is, he really doesn’t want for nothing and didn’t ask for any presents on his birthday, however, March is a busy month for us, not only do we have Maxi’s birthday, we also have mothers day and our wedding anniversary, which is usually followed by Easter.  So it is important that we start planning for birthdays pretty much just after it has happened.  I do this by looking at the best savings rates available and we have an account which we save a nominal sum each month in for Birthdays throughout the year.

 What are the benefits of saving?

  1. Well the first one for me in being safe in the knowledge that if one of the children  need a bike, that I can hopefully afford it
  2. If we have savings and see a fab deal then we can use the money to pay for it and put it away
  3. We also can keep an eye out at charity shops and car boot sales for items the boys might want
  4. Children often want parties and these are often more expensive than any present they may want.  By setting aside a certain amount each moth you can allow for these costs.  Even taking a friend to the cinema and getting popcorn mounts up.
  5. The last thing you want is to be getting in to debt to fund a birthday.
I know that it is really difficult in today’s financial climate to find the extra cash to save, but on average a family of four throw away around £50 worth of food a month, so my menu planning you could save that and not feel any hardship.  Alternatively if you get a coffee a day, give it up and try saving that money instead.

So when do you start saving for your children birthday?

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