Monthly Archives: August 2012

Consignment time is here

‘Tis the season for consignment sales. Some don’t like the idea of second-hand clothing but I’m certainly not one of those people. While it’s safe to say that my overly-frugal tendencies have been well-documented in previous posts, used clothing isn’t just about saving money. For our family, it’s also one of the best ways to recycle and reduce waste.

More recently, I’ve been lucky enough to make some great friends who have kids slightly bigger than mine, unleashing a wave of incredible hand-me-downs and mitigating a lot of our shopping. This is obviously an ideal situation as it allows us to benefit greatly and our friends get to hollow out their storage a bit. However, this option wasn’t always available to us and because of new activities on the horizon (e.g. ballet and soccer), I’m reminded of our shopping fundamentals and our strategy to fill in any blanks that might still remain. Much like the grocery shopping strategy, time and money can be saved (and waste reduced) by simply assessing your needs ahead of time and planning accordingly.

Consider how your kids wear clothes and out-grow them. Then think about some of the clothes in your closet. Most of my clothes are older than my kids. Admittedly, I have no style but it demonstrates the point that my clothes are still perfectly wearable after six months, just as my kids’ out-grown clothes are. I also think how my kids tend (inexplicably) towards certain shirts while other sit untouched in their drawers day after day. Consignment sales are full of such relatively unworn clothes, often available for cents on the dollar. Until my kids are old enough to clamor for some awful, peer-pressure-induced, must-have styles or brands that will inevitably happen in the future (e.g. I think of designer jeans or Air Jordans from my youth), I’ll save every penny I can on their clothing now.

Depending on your preference or location, you’ll likely have several options to find all the stuff your kids need. Keep an eye on your favorite parenting or local news sources and you’re bound to see some upcoming mega-consignment events or check a site like this to find one near you. There also may be dedicated consignment shops in your area, where occasional trips can yield a lot of great deals. There are even online consignment shops now. If you do have a local consignment store, it’s also worth noting the value of periodic trips there, as parents just like you clean out their kids’ closets at different times, providing fresher inventory and the ongoing potential for newer and greater deals.

Before you buy anything or check out any stores/sales though, start by taking an inventory of your kids’ upcoming needs. Consider how quickly they have been out-growing clothes and think about the upcoming seasons and sizes.  Make a comprehensive list of everything they’ll need over the upcoming months, going beyond just clothes (if applicable). For example, consider those activities in which they will enroll so you can preemptively get their gear (e.g. shin guards for soccer, ballet shoes, or a backpack for school). By considering all the additional pieces as well as the clothes, you can ideally get everything in one shot rather than dragging this process out over weeks and months.

If you don’t have anyone to whom you can pass along your kids out-grown clothes and toys, you might want to consign some/all of them as well. Aside from making a few bucks back that you had previously spent, you can recycle these items and dollars to offset your latest purchases. Additionally, at many of the consignment events, selling your own items often gives you first “dibs” or a preview shopping day ahead of the event being open to the public, providing even greater value and selection. Similarly, in the case of dedicated consignment stores, bringing in these out-grown items may provide a rolling credit to be used in future visits. For example, I just picked up those shin guards and two pairs of snow pants (yeah, I know it’s August) yesterday at our local consignment shop. While I would have spent only a whopping $18 for all three, I had a credit from some stuff that had sold over the previous months, so my out-of-pocket cost was exactly $0. By considering well in advance what my kids’ needs would be, I’m now set for the next several months and miraculously, I spent nothing to do it. Interestingly, if I had bought these things new, I’d likely have bought cheaper/flimsier brands than I ended up getting at the consignment store, so my kids instead get more durable clothing and I save $50+.

Kids will inevitably bring expenses that you never considered in your earlier, kid-free days but planning ahead and saving where you can will leave you with more money for those things later that can’t be bargain shopped. In the process, you can also teach valuable lessons to them about conservation and reducing waste that will ideally stay with them, providing them with environmental consciousness and a foundation for future savings. Everyone wins.

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The Grocery Strategy Revealed

Following the post on reducing waste and saving money, I have been considering my approach to grocery shopping. This is an in-depth look at ways to save on our grocery bills and get the most efficient use of what we buy. While these can all be useful, implementing even just a few of these tips can help us get the most out of our food budget.

1. Plan and shop once a week – Aside from saving on gas with few trips to the store, I plan our meals in advance for the week. Keeping our “menu” on our kitchen chalkboard, I check the fridge and pantry for all the ingredients I’ll need and add any missing ones to our grocery list. At the store, I don’t deviate from my list, ensuring that I only get what we’ll need; eliminating impulse buys entirely.

2. Coupons/buying in bulk – In my younger days, I’d often get creative with new meal ideas but with finicky-eating kids now, that has changed a bit. I have a good sense of what they like and don’t like, so viable dinner ideas are more limited. Therefore, when there is an opportunity to get a staple ingredient cheaply with a coupon or by buying in bulk, I don’t hesitate. As long as items aren’t perishable (or can be frozen) and I know they’ll be incorporated into a meal eventually, I buy where there is greater value. For me, I always look more closely at the per-unit cost than the total price. If I’m buying more at a better price, those ingredients simply won’t need to be put on future grocery lists and I’ll have gotten them at a lower cost. This is where a membership at a wholesale club (e.g. Sam’s Club, Costco, BJ’s, etc.) can be advantageous too.

3. Consider “day 2” – If you’re making a big family dinner each night, think ahead about what will be left over. Could the rest be another good reheated dinner the following night? Can my wife take some to work for her lunch? I often make our favorite baked penne recipe with this in mind. Aside from being great for leftovers, I also don’t have to cook the next night – an added bonus that any parent can love. Consider the last bite of the meal along with the first and make an effort to throw away as little of it as possible.

4. Consider the total cost of each meal – Do a quick tally of the ingredients in your favorite/most frequent meals. You may find that some are pricier while others are cheaper. Having this mind when making your menu can save you a few extra dollars per week, which adds up quickly. You can also consider a weekly meatless dinner. This is recommended by researchers for better health, by environmentalists for conservation, and by me for cost reasons.

5. Track spending over time – View your bank statements online over a two or three month period and look for your transactions from your grocery store. Your costs will fluctuate from week to week, particularly if/when you buy things in bulk, so take a larger sample and get an average cost per week. Do the same quick analysis once a month to check your progress. If any of this makes you feel excessively cheap, then make yourself feel better by putting your savings toward a special outing with your kids.

These are just some of the ways that we can all save money and reduce waste, though I’m sure there are many others that I have yet to consider. What are some of your strategies?

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Reducing Waste and Saving Money

Though I’m by no means an economist, as a stay-at-home dad, I am often reminded of the term “opportunity cost.” This can be loosely defined as the cost/value of anything versus what might have been bought otherwise. For example, in the obsessively cheap mind of this stay-at-home dad, the opportunity cost of getting a babysitter and going out to dinner might be the cost of putting my kid in a summer soccer league. As you might assume, when such calculations go through my head, our total number of nights out have tended toward zero.

While it’s perhaps just a rationalization, I find that considering such trade-offs can be very useful to rein in excessive spending and keep us within a manageable budget. This, as I see it, is part of my job.  There was a time not so long ago that I’d pay for something without even thinking about it. We were a two-income family and before the kids came along, money wasn’t really a concern. Fast forward a few years and now I’m home with the kids, incurring much higher expenses with only my wife’s income. Therefore, if my job doesn’t bring in money, then my job becomes saving it wherever I can. Call me cheap or call me frugal, but a healthy money-saving obsession can add up to real savings quickly.

A recent article has reminded me of our need to assess day-to-day operations. While it’s not necessarily surprising that Americans waste a lot of food, a recent report by the National Resource Defense Council (and reported by the LA Times here) puts this into frightening perspective. It calculates that we are “wasting up to 40% of the country’s supply each year – a mass of uneaten provisions worth $165 billion” and that “An average family of four squanders $2,275 in food each year, or 20 pounds per person per month.”

What is the opportunity cost of $2,275 of wasted food for your family? I could think of a lot of ways that money could be better spent, without even considering additional environmental benefits. I tend to think (as many of us probably do) that my family can’t possibly waste that much food, but even if it’s only a fraction of that average, there is more work to be done and money to be saved.

I’ll start by assessing my overall grocery strategy. Stay tuned.

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Local Post on Patch.com

Here is the third of three local posts to be written for the Owings Mills-Reisterstown Patch about educational, inexpensive summer activities for families.

Giving Our Kids a Summer to Remember – Part III

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Quick Tip

These days, most of us have a camera on our cell phone, often used to snap a quick shot of how cute our kids look at any given moment. With this in mind, here’s a quick tip on how else we can use this technology to help ensure our kids’ safety and give ourselves some peace of mind.

Next time you take your kids on an outing, whether to a zoo, park, or any other fun destination where they might roam around, take a quick picture of each of them before you go or when you are waiting in line to get in. As parents, we all have fears about our kids running off or worse, being taken, but having a picture of them handy could ultimately be quite helpful. Amidst your potential panic, you’ll have a current picture, showing exactly how they look and what they are wearing on that particular day – the details of which might otherwise be difficult to recall in such a stressful moment.

Whether you are paranoid about “stranger danger” or simply have multiple, active kids that may tend to go off in different directions, such a practice can help (perhaps only minimally) to allay your fears while being a practical use of the technology that resides in your pocket regardless of whether it is ever used.

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Pivotal Time of Year

It’s mid-August, camp is over, and preschool will start again in a few weeks. It would be easy to get wrapped up in keeping the kids busy for all this time, packing in all the summer fun that I can – and I will. However, I also need to keep in mind that there is much more looming on the horizon. The school forms are a constant reminder of this, atop my to-do pile of all the things I already haven’t found time to complete. Of course, I’ll get to everything eventually but if we can take some time to consider all the longer-term decisions, we can knock them out more efficiently and without anything missing my attention due in haste.

It might make me more anxious at first, realizing that it’s not just a matter of getting immunization records updated or submitting school forms. It’s not just a series of tasks – it’s change management. Over the coming weeks, I don’t just want to get things done, I want to prepare my family for the new normal – new schedules, new teachers, new activities, new friends, new parents, new responsibilities, ad infinitum. Well, at least those forms feel relatively less daunting now.

Whether I want to face it or not, change will happen, so it’s best that I consider any potential pitfalls to better cope with any eventualities. Knowing myself (as my wife certainly seems to), I always need to keep in mind that we are partners in this, never adversaries. It’s always those times when I’m most stressed that I feel like I am doing all the work, making all the sacrifices, and constantly putting my kids first. That’s when I have to remember that she can always make the same claim. And the fact is, we’d both be right. Whatever hypothetical tally of chores and sacrifices we might have worked up in our heads, the score is always tied. When I finally recognize that, it’s no longer even an apt metaphor – we’re on the same team.

This year we’ll take a deliberate approach. Instead of just stacking up and checking off the to-do list, we’ll have a strategy session. We’ll pick a night next week, put the kids to bed, leave the television off, and open a bottle of wine. My wife will undoubtedly and nerd-ily want to take notes and create some kind of chart/project timeline, and I’ll try unsuccessfully to keep my sarcastic comments to a minimum. We’ll figure out all of the various tasks that need to be done and responsibilities to be delegated, voicing our concerns about our workloads and limitations so that we can appreciate the other’s perspective. We’ll discuss how to prepare the kids for the various changes, sharing any apprehensions, so that we can both help them get excited about what is coming. All the tasks will get done – they always do – so this time I’ll try to embrace change. I’ll go against all my usual inclinations as this is what parenting requires, whether I like it or not.

I guess we’ll see if the plan works.

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Local post on Patch.com

Here is the second of three local posts to be written for the Owings Mills-Reisterstown Patch about educational, inexpensive summer activities for families.

Giving Our Kids a Summer to Remember – Part II

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Part II – The Intangible Value of Libraries

In Part I, we discussed the tangible value of libraries such as the free stream of books, activities, and reading programs. Now that we have covered the more obvious benefits, let’s dig a little deeper and consider the implications of the intangible value of libraries:

1. Lifetime educational benefits – In our current era of economic malaise, there is increasing attention placed on social mobility and the impact of economic factors on child development. For many of us without significant wealth, we cringe at the idea that our children might not have the same advantages as others. With this in mind, we can consider how an abundance of books can help to level the playing field and provide a foundation for greater learning, even if we are cynical about the future of our school systems.

In a very interesting and comprehensive multi-national study, Family scholarly culture and educational success: Books and schooling in 27 nations (copy of full report here), the study’s results conclude:

“Children growing up in homes with many books get 3 years more schooling than children from bookless homes, independent of their parents’ education, occupation, and class. This is as great an advantage as having university educated rather than unschooled parents, and twice the advantage of having a professional rather than an unskilled father.”

Thus, no matter what we have achieved as parents, either in terms of wealth or education (or lack thereof), an abundance of books in the home can have a profound impact on our children’s long-term prospects. We all strive to provide a better life for our kids than we have had, and it’s reassuring to know that giving our kids unfettered access to books is a step in that direction, no matter our own levels of education or wealth.

2. Guarding against technology overload – Everywhere we go these days, digital media is pervasive. Beyond our televisions, computers, iPads/iPhones, our kids are bombarded by screens with information (more specifically, advertisements). While the debate will inevitably continue as to the long-term impacts of such constant sensory stimulus, the distractions and short attention spans of kids (as well as adults) are palpable. An easy way to rationalize the use of such devices by our kids is to use them for educational content. For example, we may not want our kids playing Angry Birds all day, but if they are reading an enhanced e-book, our guilt can be significantly diminished.

Given all the new technology, studies will inevitably be done to test their effects and, in many cases, may come up with different conclusions.  One such study by the Joan Ganz Cooney Center, while limited in scope, drew some interesting conclusions about enhanced e-books versus print books. (click here for the report)

The study indicates that enhanced e-books, while useful to initially motivate kids to read, have lesser outcomes for literacy and reading comprehension. Given the added features of such e-books, researchers believe that they often distract children, diminishing their recall of details and moving their attention away from the words.

It is equally important to note however, that there are indeed still benefits to enhanced e-books, though from a literacy standpoint, a print book may have greater value. If nothing else, this suggests that mixing in print books may be a better holistic approach. And, as we have discussed, your library can provide these at no cost.

6. Preparing for change – While the previous examples are more academic in nature, I have personally found the library essential in preparing my kids for upcoming changes and eliminating surprises that might otherwise cause them stress (and by extension our own stress). If you are concerned about how your child might react to a new situation, you can almost certainly find books at your library to help them understand it ahead of time. By eliminating shocks or surprises, your child will be less likely to fear a new experience or have a bad reaction.

For example, the dentist isn’t a place where many of us look forward to going. For a child, it can be quite intimidating if they don’t know what to expect. Before taking my kids, we went to the library and checked out a few books about dentists. We talked about the various tools that would be used and how the dentist/hygenist would be checking out their teeth. Ultimately, they were excited to be there, seeing all the instruments that were in the books and how they were used. The whole experience was surprisingly fun and positive – more of a new adventure than a trip to the dentist. The same process can be replicated for virtually any new (and potentially scary) experience – going to the doctor, flying on planes, going to school/camp, etc.

7. Setting an example – Kids want to be like their parents (at least until they become teenagers). Be sure to get yourself some books too, so your kids will see that you value a lifetime of reading. Get some fiction or non-fiction, on any topic that gets your interest. Give yourself a chance to let your mind wander to other topics or get a parenting book to gain some additional perspective/tips. Incorporate a family reading time as part of your schedule and talk to your kids about your books while encouraging them to do the same. Consider what your kids like and pick up a nature field guide (birds, butterflies, flowers, astronomy, etc.) to reinforce new topics from school or to share your child’s latest interests.

From the conclusion (p.19) of the study cited in section 1 (click here for full text), “A book-oriented home environment, we argue, endows children with tools that are directly useful in learning at school: vocabulary, information, comprehension skills, imagination, broad horizons of history and geography, familiarity with good writing, understanding of the importance of evidence in argument, and many others.”

Collectively, these points comprise just some of the intangible benefits of libraries. Practically applying even a few of these can make regular trips to the library an invaluable addition to your schedule, all for the low-price of $0.

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Part I – The Tangible Value of Libraries

(Coming soon…Part II – The Intangible Value of Libraries)

The library may be one of the most underrated resource for the stay-at-home parent. We’d all likely agree that books are good and that we want our kids to read, but this only scratches the surface of a library’s potential benefits. Here are some obvious advantages to utilizing the local library:

1. Cost – For the frugal family on a budget, the price can’t be beat – free (as long as the books aren’t overdue). Even if you’re about to miss a return date, many libraries even allow you to renew online. Make the library an extension of your home’s bookshelf. Each time you return books, leave with as many or more new ones.

2. Story times/Activities – If you check your local library’s website, chances are that you’ll find activities to suit kids from toddler to school-aged. For example, when they were infants, I took my kids to free Mommy & Me-type classes (while giving instructions, the teachers would always politely correct themselves to include “Daddies too,” for my sake), and later, countless story times and sing-alongs . More recently, we took part in a hands-on reptile program, where we got to learn about, see, and touch at least a half dozen snakes, lizards and turtles. These were free events and it was simply a matter of checking the library website for dates/times.

3. Summer reading programs – To keep kids reading over the summer and to get new/future readers excited about books, libraries offer a simple incentive program. In our case this summer at our local library, my kids were encouraged to complete four reading-related tasks to get a sticker. After gaining four stickers, they would complete the program and get a prize. It gave them an opportunity to set goals and a sense of accomplishment when they finished. Some might argue that providing such incentives for reading could corrupt a child’s motivations but to me, the activities which surrounded the program were just a bonus as we continued the same frequency of reading after the program ended.

4. Constant source of new/free/age-appropriate materials – Rather than just buying more and more books as your kids get older and outgrow the earlier ones, you can always have new books on hand to pique their current interests.  Naturally, there’s nothing inherently wrong with amassing your own library at home but frequent use of the library allows for fresh material at any time.  If they don’t take to a particular book that might otherwise sit untouched on their bookshelf, you can simply keep trying until you’ve found a story or series that they’ll truly enjoy. And again, unless the books are overdue, it won’t cost you anything.

As I have suggested, these are some rather obvious benefits to utilizing your local library. The follow-up will delve deeper into these and others in Part II – The Intangible Value of Libraries, which will be posted within the next day or two, so stay tuned.

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Local Post on Patch.com

Here is the first of three local posts to be written for the Owings Mills-Reisterstown Patch about educational, inexpensive summer activities for families.

Giving Our Kids a Summer to Remember

Categories: Off-Blog Posts | Leave a comment

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