One Paycheck

By: Richela Fabian Morgan (View Profile)

Buying clothes for the children is fun but can be very, very dangerous. I’ve often spotted an irresistible blouse for my daughter from across a store only to find that: 1) it’s not on sale; and 2) it costs more than if it were made for an adult. Okay, buying one or two impulse items is not going to break the bank, but this becomes harder to justify when your kid wrecks the blouse after wearing it once. So my favorite spots to shop for children’s clothing are Marshalls, Daffy’s, and H&M. I try to shop after the holidays when there is a big push to unload inventory, and I look for the next size up from the actual sizes my children wear.

In addition, my neighbor and I swap children’s clothes. She has a boy who is older than my son, and I have a daughter who is older than her twin girls. Since we share similar style preferences, I am never worried that we won’t like what we receive from each other. We both get a kick out of seeing our kids’ clothes on someone else. Our children play well together, so it doesn’t upset them to see their old clothes worn by their friends.

My kids are constantly getting invited to birthday parties, sometimes two or three in one weekend. Marshalls and Daffy’s also sell toys, so I also try to stock up on gifts when I go shopping for clothes. That way, I’m always prepared with a closetful of age-appropriate gifts. The best gift is one that is not gender specific; I have a lot of arts-n-crafts kits ready to go.

So there you have it: my tips for maintaining a household on one paycheck. I guess I would have had to come up with a LOT more tips if we were living on my old publishing paycheck, instead of my husband’s bank paycheck! Ultimately, however, all my tips are just about using plain common sense when combating the evils of conspicuous consumption.

Now about that fifty-inch plasma television….       
1 reader liked this story.
share
bookmarks
Comments
posted: 06.08.2007
Richela Fabian Morgan
Sophia--some financial planners are free and some take a percentage of earnings on your money. All banks have free financial planning, and they can sit down with you about setting up CD's, IRA's, etc. We use Merrill Lynch, but I am in no way advertising their services. It really depends on you and your situation. Regarding our insurance and taxes, we knew how much we needed to sock away per year before we bought our house. But here's something you can do: if you are getting a refund from your tax return, you can set aside that money to pay future insurance and taxes. We put ours in an ING account, which has a fairly high interest rate. It will probably sit there for a year before we touch it. I hope this helps.
posted: 05.25.2007
Sophia
How did u go about the financial planner? How much did u have to pay the financial planner? How much do u put away in that acct to pay your ins. and taxes?
Tell us a Story.

You know you've got something to share. Maybe it's something funny, touching, inspirational or informative. Whatever it is, your circle of friends here at DivineCaroline would love to hear from you.

Btn_articletour
most liked
Loader_buff
Other topics you might appreciate
Relationships Play Career & Money Neighborhood & World