Kids’ birthday expenses range from the cost of presents, cake, and balloons to planning full days out for your kid and their friends. Not every family can afford such a big day out, of course, but with the right budgeting plan in mind, you can actually save up and easily plan a great birthday year after year.
Get your kid involved in the budgeting and saving process, and you can simultaneously teach them so many essential skills from budgeting, to planning, to being creative with what they have.
Keep Their Expectations Realistic
Thanks to TV and social media, impressionable kids can have incredibly unrealistic ideas of what birthday parties can involve. Older kids will easily be able to separate what they see from what is possible, but younger kids have no understanding of money, only whether they are well cared for. If you have done a great job thus far, they’ll simply assume you can do anything from them.
Keep their expectations realistic when they are younger, especially if they end up getting their hearts set on something they saw on TV. Nip that in the bud early, and they will forget about that episode long before their birthday comes around.
Put Away a Small Amount Every Month
Paying for a big birthday party for your kid and all of their friends is costly, but it doesn’t have to be impossible. Simply put away a small amount of money every month specifically for their birthday.
If you want to teach your kids responsibility early on, then get them to “save” for this cost themselves. This can be achieved by doing big chores around the house for you, or they could get a job themselves, for example, as a paperboy or girl.
Keep an Eye for When Items Go On Sale
Birthday gift? Party supplies? Even a discount for a theme park? Keep an eye on it all because there is no reason to pay full price for anything unless you are pressed for time. If you are saving up in advance, then do yourself a favor and put alerts on gifts you think your kid will like and just keep an eye open during the sale seasons.
Keep Track of Costs
Costs can add up very quickly when it comes to a birthday party, and if this is a worry for you, then a good way to avoid it all is to opt for an all-in-one solution. At that point, the only thing you need to do is organize a pizza delivery and bring a cake. These all-in-one locations that take care of the setup and cleaning up are a great option. That is why so many parents love kids birthday parties at Urban Air in Ft Worth, TX. It gives kids a great adventure-filled day without any of the extra hassles.
Be Willing to Get Your Hands Dirty
Take the DIY approach for certain things, like the cake or even some activities, and you can keep costs low and still have a great birthday party.