Out last post detailed the first half of our Victoria, B.C. trip last year when we went to Butchart Gardens. June was definitely a great time to go and see all of the flowers in bloom and it seemed far less crowded that it would […]
Tag: frugal living
This past June as soon as school got out we took a weekend trip up to Victoria, B.C. with the younger kids. One of our goals this year is to increase our travel and since Victoria is so close to us we decided to take […]
I really love the idea of small changes over time adding up to huge improvements later on in life. When we first started our journey towards better financial health way back during the 2008 financial crisis we made many small changes that reduced our spending, raised our income and increased our savings rate. Over the last 10+ years many of the small habits we started are so ingrained in us that we don’t even think about it any more. We have added a couple of kids since then and now we have one in college and our expenses have dramatically increased so small changes are much more important for our overall financial health. I find that when we don’t keep track of the smaller things the larger ones get lost as well. One of our biggest costs every month is child care and keeping those costs low is a priority for us right now as we head into another school year where we could potentially be paying way more than we budgeted for if we are not careful.
As ridiculous as it seems, “sleeping in” until 5:30 am every day costs us around $300 a month. How you might ask? When I sleep in I start work an hour later and we end up paying for an extra hour of child care after school. At $15 an hour for two kids times 5 days a week is $75 a week extra in child care. Multiply that times 4 and you are at $300 a month which of course would be higher in a 5 week month. It is kind of ridiculous to think of that extra hour of snooze time as costing us so much money a month and $3900 a year if we do it all 52 weeks!
Small changes over time add up to huge improvements later on in life.
We are super lucky to have flexible schedules and childcare that charges us by the hour for after care instead of a blanket amount each month but it also leads to childcare costs not being steady and harder to budget. Starting this summer is our first time having to pay for after care for both kids. Prior to that our son was in a more traditional day care setting and had a flat monthly rate which was great for budgeting but it never went down when we missed days. Now that he is a preschooler his official school end time is at lunchtime and we pay for afternoon care by the hour. Our daughter gets out at 3:00 and we pay for care after that time.
One of the good things about this arrangement is that we are able to put our child care costs on a credit card and earn cash back for something we would be paying anyway. This only works though if you are paying off your credit card every month and not paying any interest. We find out about three weeks in advance how much our bill will be and prior to that I put a placeholder in my Quicken account for an estimated amount that is over what I think it will be and that helps us prepare for making a large payment on the next payday. I budget for childcare based on when they bill us. We get billed on a monthly basis from September through the first half of June and then we get a separate bill for care from the second half of June through the end of August. Last year all of the charges for the second half of June, and all of July and August went through in September so it was quite a large amount but I knew it was coming so I was able to set aside money and schedule my payments out in advance. This uneven way for charging us for child care is part of the reason why we have had a hard time budgeting over the past few years. Our expenses vary so much based on which month we are in that it is difficult to plan. Putting our expenses into Quicken months in advance and then looking at our lowest point over the next six months has really helped keep things in perspective.
We budget six to nine month in advance to get a bigger picture of where our finances are heading.
To reduce our child care costs Mr. Oscoey and I do a mini split-shift with work . I go in super early and pick the kids up as soon as I can and he drops them off when school opens so we are not paying for before care as well. We do this to save money and because our son can’t really be dropped off early enough to make a difference in paying for before care for our daughter. It does cause some issues, mainly because sometimes Mr. Oscoey has to go in earlier but so far we have been able to work it out where I work from home before dropping the kids off closer to 9:00 but honestly this is pretty exhausting for me. I usually end up having to work another hour at night and spreading my 8 hours out over the course of the day like that makes the work day seem soooo much longer. My commute is pretty bad and when I split my working hours up I end up spending the entire day working, driving, working, driving, eating dinner, and then working some more and that is not super fun. I need down time every day and when I work those crazy split shifts I don’t get enough.
Last year when we were only paying for after care for one kid some months Mr. Oscoey was able to get off early and pick the kids up by 3:00 nearly every day our bill was only $150 for an entire month which is super cheap. Based on our normal pick up time for this year with two kids in after care we will end up paying $262.50 a week if I sleep in until 5:30. This ends up being over $1000 a month which is a huge chunk of our budget. If I can leave in time to save an hour of after care every day that will lower our bill by $75 a week and $3900 a year! Unfortunately when Mr. Oscoey got off work early enough to pick up the kids and avoid after care he would have to work late at night and we would not get grown up time. For everything there is a trade off and finding balance while being a working parent is difficult.
Leaving an hour earlier will save us $3900 a year in child care costs!
If we wanted to save $3900 dollars a year and pick the kids up right after school I would have to get up at 4:30 every morning and unfortunately that is not an easy task for me. I need my sleep, like really need my eight solid hours a night and I would have to go to bed immediately after the kids if I wanted to get up at 4:30 in the morning every day. Leaving earlier would also be a guarantee that I would not see the kids in the morning, even for a little bit, nor would I get alone time with Mr. Oscoey at night. Being a working parent is all about balance and I love seeing my kids in the morning before I leave. We snuggle on the couch for a few minutes and we talk about our day for a bit. Sometimes if they get up early enough I am able to eat breakfast with them and maybe read a book. The days that I don’t see my son before I leave it is hit or miss whether or not he will cry for a long time because he didn’t see me before school and that is hard to hear about when it happens.
Alone time with your spouse is also key to a healthy marriage and difficult for any couple with small children. Mornings are spent packing lunches and getting ready for school/work and the evening is the only time Mr. Oscoey and I are able to catch up about work or talk about what our family plans are. I also spend some some of that time working on the blog and balancing our checkbook. Right now we are trying to watch “Game of Thrones” which is pretty inappropriate for kids so we are only able to watch when we are alone. Running the numbers on how much we would save if I leave earlier in the morning was pretty eye opening though and I think I will try to find a compromise where I can leave earlier some of the time and maybe have Mr. Oscoey pick up early when he can. I don’t want to lose too much of my morning time with the kids nor my evening time with Mr. Oscoey so we will have to find a way to reduce our costs without bringing too much stress into our lives.
Balance is key when you are a working parent.
What could we do with an extra $3900 a year? I can think of so many things but I would absolutely love to travel with part of it and invest the rest. If we saved $3900 for the remaining 6 years that we are paying for after care for both kids it would be a grand total of $23,400 plus interest! This small change would have a huge impact over time. It is definitely something I am going to work on and see if even leaving 30 minutes earlier will save us that hour of child care in the afternoon.
What small changes are you making that have a huge impact on your life?
Mr. Oscoey and I have always loved San Francisco. We went there once many years ago by ourselves for a whirlwind 18 hour trip and had always wanted to go back but never found the time or money. Last fall (while I was laid off […]
A few months back I wrote my first post after going back to work (A not so Brief Hiatus) about the gap in blogging while I went back to work. I didn’t blog for eight months last time which was almost the entire length of […]
Since being laid off I have been trying to spend time with family and friends. My Dad is nearing retirement and has some free time as well so I have been trying to get the kids out to see him on the family property out on Whidbey Island. A better part of my childhood was spent out there walking in the woods with my Grandpa learning the names of the trees, looking for frogs and clearing trails. It is one of my favorite places and I am really grateful that we are able to pass on the tradition with our kids. Many of the trails we made as kids are still there but need some major work.
My grandparents were uber frugal before it was a fancy way to reach Financial Independence. When I was little they built a house on inherited land and set it up as their home base while they traveled all over the country. They bought every thing on sale, used items until they were very broken and heated their home with the wood they chopped outside in the yard. The grandkids would stay out there periodically and we played outside all day long making forts, wandering around in the woods and hitting golf balls into the woods (which we still find today). We had so much fun and learned a lot about how to be out in the woods safely. My Dad and my Grandpa taught us which plants to avoid, which ones we could eat and we helped out keeping the property clear and the trails open.
We went for a walk the last time we were out there and it was awesome to see my Dad interacting with the kids the same way he had with us when we were little. My kids have a set of fresh eyes when walking in the woods. We have not been out to Whidbey as much as I would have liked in the last year because of ongoing sickness and a crazy schedule but being out there recently reminded me of how much I would love to have a wooded retreat of our own to take the kids out to on the weekends. Mr. Oscoey and I have talked about someday buying property with woods and streams and such but “someday” has always been too far out to be tangible.
There is something to be said for spending time walking the same woods over the course of many seasons or even years. The surroundings change as the seasons move forward and plants you may have seen in April will have withered away by August. I remember when my Grandpa and Grandma cleared this path 30 or so years ago. It took many months and lots of help from the relatives but everyone worked together to get the project done. When my oldest daughter was about five I remember seeing a litter of baby coyotes play in the clearing which is one of my all time favorite memories.
One of the best parts of walking in the woods is learning to be more aware of your surroundings. We came across some deer tracks on our walk and the kids loved hearing about how you could tell the age of the track and where the deer went afterwards. We also spent quite a bit of time experimenting with stepping on branches to see if we could get them to snap and make a loud noise. This kind of random fun experiment is one of the best ways to get kids engaged with science without making it seem like a chore. We talked about which branches were better for snapping (drier ones) and how the larger ones required more weight to snap and everyone took turns snapping and helping each other snap branches. The kids had a lot of fun trying it out and they were very tired after our long walk!
We had a great time walking out in the woods and the kids learned quite a bit about their surroundings while spending quality time with Grandpa. I am hoping to get back out there once a month or so now that our schedule has cleared a little bit. We are not afraid of the weather so we will be out in all sorts of conditions! I also want to make more time to spend outside at our house but our kids go to bed so early these days it is hard to find the time.
How do you spend your outdoor time?
Mr. Oscoey and I took some time a little bit ago to spend some time together since I have so much more free time now that I have been laid off. We had a great time exploring the Amazon Spheres, Pike Place Market and just […]
In honor of Halloween I thought I would post some pictures from our pumpkin farm visit and pumpkin carving extravaganza. We have been going to the pumpkin farm with the same group of friends for the last five years and our kids love this tradition! Every year the kids get a little bit older and we are able to do more things. The first year all of the kids were about one year old and all we did was eat and walk through the pumpkin patch. This year all of the older kids are around five and the younger siblings range from 2-3.5 years old and we had a bunch of fun going down slides, digging in corn, eating hot dogs and finding the perfect pumpkin.
It took our 5yo a really long time to find the perfect pumpkin and when she did it was super tall and heavy.
It was so tall we had to carve it on the floor. Normally I have old vinyl tablecloths hanging around for crafts but we were completely out so we made a frugal choice and saran wrapped part of our kitchen floor. It worked well and we had a super fast clean up.
The kids are still pretty young and the do not like touching gross things so they helped a little bit with the carving but in the end I did most of the pumpkin cleaning out and Mr. Oscoey did all of the carving since he is our resident carving expert.
This year I bought some small white pumpkins and let the kids paint them. It worked pretty well and I think we will try it again next year with larger pumpkins and see how it goes. I am a huge fan of buying lots of pumpkins for decorations and carving but one of the frugal choices we made this year was to cut back on our Halloween decoration buying. I didn’t think the kids would actually carve their pumpkins though so I did end up buying four of these little ones for under $10.00 and we used painting supplies we had on hand so this fun craft was fairly cheap. Maybe next year we will have our garden back into shape and we will be able to grow our own pumpkins again!
Our finished pumpkin! Our kids are obsessed with The Nightmare Before Christmas right now so our 5yo chose a Jack pumpkin this year.
Our son’s pumpkin is rather squashed and was too difficult to carve so he used some leftover plastic eyeballs and and a mouth to make “Zero” from The Nightmare Before Christmas. I would have loved to buy up a bunch more of these types of decorations since the kids can use them over and over again but we exercised our frugal muscle this year and made do with what we had on hand. I do need to remember to buy new carving tools though when they go on sale after Halloween since our last knife did not make it through the experience of carving Jack and Mr. Oscoey had to improvise with a kitchen knife (they are way less nimble). We also have a couple of pumpkins from the kid’s school carnival on our porch that are decorated with stickers and the fabulous green one I found at the pumpkin patch.
What kinds of pumpkins did you decorate this year?
About eight months ago I took a break from blogging. There were many reasons, the most pressing being a complete utter lack of time while trying to maintain balance with both Mr. Oscoey and I working full-time with small kids. To say it was difficult […]