Having a large family is both a blessing and a burden. You have many children all of whom has a little piece of your soul in them, and you enjoy living with the partner you fell in love with. Sooner or later those fairytale charms will begin to wear off, and the slow monotony of life will take over.
In order to life comfortably with such a large household, your finances have to be ship shape. Even more so than regular families that can afford to go on holiday every year as both mother and father are working, and their children’s lifestyles don’t cost a lot. Even living modestly when you have upwards of three children can become a task that requires some serious thinking.
Averaging out and maintaining an even keel can be difficult at times but in the end, if you have a roof over your head, plenty to eat and you’re physically comfortable it's all worth it. On the other hand, have you ever thought about the standard of your family enjoyment? Do your lifestyle choices have to suffer to make sure your finances break even?
Winters are a challenge to relish
This time of year, winter has well and truly set in. The snow, frost and ice own everything they touch. Human beings are merely bit-part players in nature’s vice grip. A large family means more of everything, and that’s certainly true when it comes to clothing. Pushing your weekly budget to the limit will be the need to buy winter coats for growing children who have made their previous coats obsolete, buying proper shoes that won’t cause slipping, gloves and mittens to keep the extremities warm too.
Everyone in the household is inevitably going to eat more too, the cold will force your calorie intake to jump by 500 to 1000. If this is particularly difficult for you with your finances in the state they are, you could apply for a personal loan with a cosigner. Both you and your wife or husband make for a far better proposition to the banks as you’re both working and have stable incomes.
Usually, because of this, you can borrow a large amount with a longer term repayment scheme. You might also be given the possibility of not putting up your assets as collateral.
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The kids’ activities quality
It's vital that your children have something they’re into, other than games on their technology products. Whether your child plays soccer, has swimming lessons, takes dancing lessons, is learning an instrument or anything else of this nature, paying for it is one thing.
However, making sure they are experiencing these activities to a good or high-quality matters in the money you spend. The better equipment allows more options for the children. No one wants their child to be that one embarrassing player on the field that has shoes with holes in them or protective gear that is too small.
The best way to keep your family standards from falling in this department is to know the brands. Shop around for the best deal and focus on products that are specifically made for children. Downsizing or smaller products that were originally designed for larger people will feel uncomfortable. Do a little digging and search for the best materials used in high-quality gear and mix and match with the price and style of the products you want for your children.
It takes a savvy shopping parent to find good deals that balance both quality and price. Never skimp on your children’s activities, they won’t forget the time, effort and financial investment you put into them when they grow up. A large family does come with its challenges, but there’s always financial avenues you can explore to help you through a wintery ice patch.
Life as a grandma.. it's no 'quiet, restful days in the rocking-chair'. It's filled with activity, excitement and lots of family fun. Please share it with me.