Involving kids in family financial planning

Involving your kids in financial conversations helps build responsibility, transparency, and lifelong money smarts that will serve them for the rest of their lives. 

Always start with age-appropriate lessons.

Young Kids (5–9): Teach the basics of earning money, saving, and spending. Use piggy banks or jars for visual learning.

Tweens (10–12): Introduce budgeting with small allowances. Talk about wants vs. needs and setting short-term goals.

Teens (13+): Involve them in discussions about bills, savings, or even credit. Help them start their own bank account or savings plan.

Use real-life examples:

Involve kids when budgeting for groceries, planning vacations, or comparing prices. These everyday moments teach real-world money decision-making.

Give them responsibility

Let kids make financial decisions with their own money and learn from the outcomes. Allowance systems or chore-based rewards work well. For younger kids, you can also use pretend money. 

Make it a routine 

Have monthly “family finance nights” where you talk about goals, saving progress, or how the family can cut back to save for something special.

When kids are part of financial planning, they feel empowered and informed. These conversations set the foundation for smart money habits that last a lifetime. Keep it age-appropriate so as not to overwhelm them or cause misunderstandings. 

Building healthy sleep routines for kids

 

Are you struggling with bedtime battles or early morning wakeups? 

Establishing a healthy sleep routine is essential for kids’ development, mood, and overall well-being. Here’s how to build a calm and consistent bedtime that actually works.

Why sleep matters: Kids need more sleep than adults, anywhere from 9 to 14 hours, depending on their age. Good sleep helps with attention span, mood regulation, growth, and immunity.

Tips for a healthy routine:

Set a consistent bedtime:
Try to stick to the same bedtime and wake-up time every day — even on weekends.

Wind down the right way:
Create a 30-minute calming routine: bath, story time, soft music, or gentle stretches. You can play around to find the best before-bed routine for your little ones, and it may change depending on the child.

Limit screen time before bed:
Blue light from screens can mess with melatonin levels. Turn off TVS, tablets, and phones at least an hour before bed.

Create a cozy sleep environment:
Keep the room dark, quiet, and cool. Consider blackout curtains or a white noise machine if needed. If your child is scared of the dark, a dim night light can help.

Watch the diet:
Avoid sugary snacks and drinks close to bedtime. A light snack, like a banana or some yogurt, is best.

Consistency is key when it comes to sleep. With a little structure, a calming routine, and some patience, you can help your child develop habits that lead to restful nights and happier days.

Affordable DIY projects for kids: fun and low-cost ideas

Looking for creative ways to entertain your kids without breaking the bank? DIY projects are a fun, educational, and budget-friendly way to spend time together. 

Here are some engaging ideas that require minimal supplies but offer maximum fun.

1. Homemade playdough: Mix 2 cups of flour, 1 cup of salt, 1 cup of water, and food colouring. Let your kids get creative with shapes, animals, or even mini sculptures!

2. Cardboard box creations: Before you toss that Amazon box, hand it to your child. With some markers, scissors (with supervision), and imagination, it can become a spaceship, house, or puppet theatre.

3. Nature collage: Take a walk and collect leaves, sticks, flowers, and pebbles. Then, make a nature collage on cardboard or paper — a great way to blend art and outdoor time.

4. Sock puppets: Old socks + buttons + glue = hours of puppet show fun. Encourage your child to create characters and write their own little plays.

5. Recycled crayon shapes: Gather broken crayons, melt them in silicone moulds (with adult help), and make fun new shapes. It’s recycling and crafting in one!

DIY projects don’t need to be elaborate or expensive. With a bit of creativity and everyday household items, you can create memorable, hands-on experiences for your kids, all while encouraging imagination and learning.

If you enjoyed this post, feel free to check out my other posts on this topic:

Fun and easy DIY crafts and project ideas for children of all ages 

Creative and Educational Activities for Toddlers 

Financial Literacy Games and Activities for Kids 

Fun and easy DIY crafts and projects ideas for children of all ages

 

Crafting with kids is a great way to spark creativity, develop fine motor skills, and spend quality time together as a family; whether you have toddlers, school-aged children, or older kids, there are plenty of fun and easy DIY craft ideas that are perfect for all ages. 

Here are some craft ideas to try at home to get you started.

1. Paper Plate Animals (Toddlers and Preschoolers)

Materials Needed:

1. Paper plates
2. Markers, crayons, or paints
3. Glue
4. Googly eyes
5. Craft foam, felt, or construction paper (for ears, nose, etc.)

How To Make It:

1. Start by coloring the paper plate as the base of the animal’s face.
2. Add googly eyes, a nose, and a mouth with markers or craft paper.
3. Cut out shapes from foam or felt to create animal features like ears or a tail (e.g., cat ears, elephant trunk).
4. Let the kids get creative with adding extra details and decorations. You can make a whole zoo of animals!

2. Salt Dough Creations (All Ages)

Materials Needed:

1. 2 cups flour
2. 1 cup salt
3. 1/2 cup water
4. Rolling pin
5. Cookie cutters or sculpting tools
6. Paint (optional)

How To Make It:

1. Mix the flour, salt, and water together to form dough. Add more water if needed to get a smooth consistency.
2. Roll the dough out on a flat surface, and use cookie cutters to create shapes like animals, stars, or holiday-themed items.
3. Bake at 200°F for 1-2 hours or until hard. Let cool.
4. Once dry, kids can paint and decorate their creations!

3. Popsicle Stick Picture Frames (Preschool and Up)

Materials Needed:

1. Popsicle sticks (6 per frame)
2. Glue
3. Paint, markers, stickers
4. Photo to frame
5. Ribbon or magnets (optional)

How To Make It:

1. Glue six popsicle sticks together in a square or rectangle to form the frame.
2. Once dry, let kids paint and decorate their frame using markers, stickers, or glitter.
3. Attach a photo, or leave the center open for creative artwork.
4. You can add a ribbon to the top for hanging or glue a magnet on the back to stick it to the fridge.

4. Paper Bag Puppets (Toddlers and Preschoolers)

Materials Needed:

1. Paper lunch bags
2. Crayons or markers
3. Construction paper
4. Glue and scissors
5. Googly eyes

How To Make It:

1. Open up the paper bag to form the puppet’s mouth.
2. Let kids decorate the front of the bag to create faces using crayons, markers, or construction paper for hair, eyes, and accessories.
3. Use glue to attach googly eyes and create a fun character like a monster, animal, or superhero.
4. Encourage imaginative play by creating puppet shows!

5. Sensory Bottle (Toddlers and Preschoolers)

Materials Needed:

1. Empty plastic bottle
2. Glitter
3. Water
4. Food coloring
5. Small items (sequins, buttons, beads)

How To Make It:

1. Fill the bottle with warm water about three-quarters full.
2. Add a few drops of food coloring and glitter for sparkle.
3. Include small, colorful items like sequins, beads, or buttons.
4. Close the bottle tightly and seal with hot glue to prevent leaks.
5. Shake it up to watch the sensory bottle contents move around—perfect for calming or sensory exploration.

6. Rock Painting (All Ages)

Materials Needed:

1. Smooth, clean rocks
2. Acrylic paints or markers
3. Paintbrushes
4. Clear acrylic sealant (optional)

How To Make It:

1. Collect smooth rocks from your yard or a local park (make sure to clean them first).
2. Let kids paint or decorate the rocks with designs, animals, or their names.
3. Once dry, you can leave them in the yard for outdoor decoration or even start a rock garden.
4. If desired, use a clear acrylic sealant to protect the designs from the weather.

7. Toilet Paper Roll Animals (Toddlers and Up)

Materials Needed:

1. Empty toilet paper rolls
2. Construction paper
3. Glue or tape
4. Scissors
5. Markers, googly eyes

How To Make It:

1. Start with an empty toilet paper roll as the base of your animal.
2. Use construction paper to create the features of the animal, such as ears, eyes, noses, and tails.
3. Let kids decorate the roll with markers and glue on the various features.
4. Ideas: Create a lion (using yellow and orange paper), a bear (brown paper), or a bunny (with long ears).

8. Button Flowers (All Ages)

Materials Needed:

1. Buttons in various colours and sizes
2. Pipe cleaners or wooden skewers
3. Glue
4. Construction paper (green for stems, optional)

How To Make It:

1. Let kids choose colourful buttons to create the flower “petals.”
2. Glue the buttons in a flower shape on a piece of paper or directly onto a pipe cleaner or wooden skewer for the stem.
3. If using paper, glue the stem and leaves on the paper for a complete flower scene.
4. Kids can create a whole bouquet of flowers!

9. DIY T-Shirt Tie-Dye (Older Kids)

Materials Needed:

1. Plain white t-shirts
2. Fabric dye or tie-dye kit
3. Rubber bands
4. Plastic squeeze bottles or spray bottles
5. Plastic gloves

How To Make It:

1. Wet the t-shirt and wring it out until damp.
2. Twist or fold the t-shirt and secure it with rubber bands.
3. Using the fabric dye or tie-dye kit, squeeze or spray the dye in different areas of the t-shirt.
4. Let it dry for several hours or according to the kit instructions. Rinse and reveal your colorful, custom-made shirts!

10. Homemade Slime (Preschoolers and Up)

Materials Needed:

1. 1/2 cup school glue
2. 1/4 cup baking soda
3. 1 tablespoon contact lens solution (with boric acid and sodium borate)
4. Food coloring (optional)

How To Make It:

1. In a bowl, mix the glue with the baking soda.
2. Slowly add the contact lens solution, stirring until the slime begins to form.
3. Add a few drops of food coloring for a colorful touch.
4. Knead and play with the slime for hours of sensory fun!

11. Craft Stick Catapult (Older Kids)

Materials Needed:

1. 7 craft sticks
2. Rubber bands
3. A small plastic spoon
4. A pom-pom or cotton ball

How To Make It:

1. Stack five craft sticks on top of each other and secure them with rubber bands on both ends.
2. Attach two craft sticks on either side of the stack with more rubber bands to create a "frame."
3. Attach the plastic spoon to the top craft stick (using a rubber band) to form the catapult arm.
4. Place a pom-pom in the spoon and launch it by pressing down on the spoon!

These DIY craft ideas are a great way to keep kids entertained, help them develop creativity and fine motor skills, and create lasting memories. You can adjust these projects based on your child’s age and skill levels, but the most important thing is to have fun and let their imagination run wild!

Essential financial steps to take when expecting a child

Welcoming a new baby into your life is an exciting and life-changing event, but it also comes with new financial responsibilities. Preparing your finances in advance will help ease the transition and ensure you're ready for the added costs of raising a child. 

1. Review Your Budget

Rework Your Monthly Budget: Start by evaluating your current spending and adjusting your budget to account for baby-related expenses. New parents typically face added costs for things like diapers, baby formula, clothing, and medical bills. Tracking your income and expenses will help you plan for these new costs.

Identify Areas to Cut Back: Before the baby arrives, look for opportunities to cut back on discretionary spending (e.g., dining out, entertainment, shopping) to help offset new expenses.

2. Start Saving for Baby-Related Costs

Estimate Baby-Related Expenses: The cost of a baby varies depending on location, lifestyle, and choice of baby products, but typical expenses include:

Maternity and delivery costs

Baby gear (crib, stroller, car seat, etc.)

Diapers, formula, and baby food

Medical bills and health insurance

Childcare (if applicable)

Set Up a Baby Fund: Create a separate savings account for baby-related expenses. Even if you can't save a large amount, starting early and saving consistently will help you avoid a financial shock when the baby arrives.

Consider an Emergency Fund: Ideally, you should have three to six months' worth of living expenses saved up in case of unexpected situations, like job loss or medical emergencies.

3. Review Health Insurance Coverage

Understand Your Coverage: Make sure you understand your health insurance plan, including what’s covered for prenatal care, delivery, and postnatal care. Health insurance can be one of the largest expenses during pregnancy and childbirth.

Add Your Baby to Your Insurance: Once the baby is born, you'll need to add them to your health insurance plan. Be aware of the time frame for making this change, as there are typically 30-60 days after birth to update your policy.

Check for Additional Costs: Some plans might have co-pays, deductibles, or limits on certain services. If you haven’t already, calculate how much you'll need to pay out-of-pocket for any pregnancy-related medical expenses.

4. Review Your Life Insurance

Consider Increasing Coverage: Life insurance is an important part of any family’s financial safety net. If you don’t already have a life insurance policy, now is the time to consider getting one. If you already have coverage, it may be a good idea to increase your policy's value to reflect the additional responsibility of a child.

Choose a Term Life Policy: A term life insurance policy can be an affordable option for young families. You can choose a policy with a length that corresponds with your child's needs (e.g., 20 or 30 years).

5. Prepare for Parental Leave

Understand Your Employer’s Leave Policy: Research your company’s parental leave policies. Some employers provide paid leave, while others offer unpaid leave or short-term disability benefits for new parents. Know your rights and plan accordingly.

Save for Time Off: If your company doesn’t offer paid parental leave or the leave is limited, it’s essential to budget for any lost income during your time off. Start saving in advance to cover the gap in income while you're on leave.

Consider Alternative Income Sources: If your paid leave is short or unpaid, consider how you might generate income. For example, some people turn to freelance work or part-time side gigs for extra cash.

6. Reevaluate Your Housing and Living Arrangements

Assess Your Living Space: A baby may require you to reassess your housing situation. Do you need more space (e.g. a larger apartment or even a house) for a nursery or play area? If you’re renting, consider whether your current space is suitable for a growing family. If you own your home, consider the costs of home improvements or baby-proofing.

Factor in Additional Housing Costs: If you are planning to move or remodel, account for these costs in your budget, including rent or mortgage payments, utilities, and any changes to your home.

7. Start Thinking About Childcare Options

Research Childcare Providers: If both parents plan to return to work after the baby is born, you’ll need to arrange childcare. Research and go on a waiting list for daycare centres, nannies, and other options well in advance to ensure availability and affordability.

Consider the Costs: Childcare can be one of the most expensive things to pay for working parents, especially in the first few years. Factor in these costs and decide whether one parent could and would stay home full-time, whether you'll work part-time, or if you'll need to budget for full-time childcare.

Evaluate Flexible Work Options: Some companies offer flexible working hours, remote work, or on-site childcare. Explore these options with your employer to see if you can minimize the need for external childcare.

8. Build a Will and Estate Plan

Create a Will: As parents, one of the most important financial steps you can take is to create a will. This legal document ensures your child is cared for in the event of an unexpected tragedy and helps manage your assets according to your wishes.

Designate Guardianship: In your will, make sure to designate a legal guardian for your child—someone who will take care of your child if you and your partner are no longer able to.

Review Beneficiaries: Update the beneficiaries on your life insurance, retirement accounts, and any other assets including your child or partner.

9. Start Thinking About Saving for College

Open a 529 Plan: While it may seem early, it’s never too soon to start saving for your child’s future education. A 529 College Savings Plan allows you to invest money that grows tax-free, which can later be withdrawn for qualified education expenses.

Set Small Savings Goals: Even if you can only contribute small amounts now, starting early will make a big difference in the long run due to compound growth.

10. Track Your Spending and Cut Unnecessary Costs

Reevaluate Subscriptions and Memberships: Evaluate your current subscriptions, memberships, and other recurring expenses. You may have memberships or services you don’t need, such as premium cable channels or gym memberships, which could be paused or cancelled to free up funds.

Plan for the “New Normal”: Once your baby arrives, your day-to-day spending may change, and you might find yourself spending more on baby gear, groceries, or other essentials. Keep track of these shifts and adjust your budget accordingly.

11. Prepare for Post-Baby Expenses

Build a Post-Baby Budget: In addition to your baby fund, make sure to budget for any unexpected post-baby expenses like:

Postpartum care (for mom)

Newborn care and medical expenses (including check-ups and vaccinations)

Baby clothing (your baby will grow quickly, and you’ll need to buy new clothes regularly but second-hand is a great option to save money)

Consider Babyproofing and Home Safety: You’ll likely need to baby-proof your home as your child grows. These one-time costs (like outlet covers, cabinet locks, and safety gates) should be factored into your budget as well.

While preparing financially for a new baby can seem overwhelming, taking proactive steps can reduce stress and ensure that you’re ready for the financial changes ahead. By creating a budget, saving for baby-related expenses, reviewing your insurance, and planning for future costs like childcare and education, you can build a strong financial foundation for your growing family.