If you have young children, you know how quickly they grow. In the blink of an eye, your precious bundle of joy goes from diapers to dress clothes and from onesies to boxer briefs. Little girls sprout into tweens overnight and boys turn from toddlerhood into young men sometimes before they've had the chance to wear the same outfit twice.

When kids grow and change with such speed, spending lots of money on their clothing is wasteful. Sure, you want your kids to look nice and keep up with fashion trends, but at what cost? To wear a pricey blouse for one special event or invest in a pair of tailored pants your kid's ankles will stick out from in a few months is money practically thrown in the trash.

Kids are expensive to raise, from food to schooling to healthcare and more, so invest your money into something that's longer-term than a turtleneck your kid won't be able to fit over his head by the following winter. Here are some easy ways to save money on children's clothing you'll feel proud to have put into effect. And don't forget, no matter what they want to wear now, once your kids are adults, they'll look back at their childhood outfits in photos and cringe anyhow!

1. Swap with Friends

Just because a kid grows out of something doesn't mean the piece of clothing's life is over. If a child only wore something a few times, why not let someone else own it next?

Meet up with friends who have kids around the same age and size and swap clothing. Or connect with friends with older kids who have clothing that your kid has caught up to, and vice versa. It's like going shopping without spending a cent. The clothes will feel like new to you and your child because they've never worn them before.

As recommended by Money Crashers, "Tell all your friends to bring 10 to 15 pieces that are in great condition and approximately the same size, and you'll end up with new additions to your child's closet." You'll leave with a bunch of new pieces as will your friends. It's like recycling for clothing!

2. Thrift Shop

As kids are growing, playing and making a mess, and constantly need things far more important than expensive clothing, shopping frugally is the way to go. Hit up local thrift shops, tag and garage sales, consignment stores, and the like. You'll find what you need at the fraction of the cost of name brands and designer duds. As long as the clothing is well put together and stylish, your kids will be comfortable and you'll feel like a savvy shopper.

As per Mom365, "Goodwill, the Salvation Army and other used clothing stores are a great way to get a large chunk of your child's wardrobe on the cheap. Because the clothing is donated, there may be small stains or minor wear, but in terms of price, these stores usually offer the biggest bang for the buck. Plus, many of these stores are raising money for their charitable projects, so you can feel good about your purchases."

3. Forget Gender

When you're out buying clothing, let go of the stereotypical gender-specific colors, prints, and patterns and aim for neutrality. Not only will you get more use from the basics, but these pieces of clothing can be used for your daughter now, and then for her little brother when he catches up in size. Or if your son and daughter wear close to the same size, they can share t-shirts, sweats, socks, and even pjs.

This shopping mentality saves on those big ticket items like winter gear, rain gear, boots, and jackets. As Money Crashers notes, "Buy them in black or brown so they can be shared and passed down. These items can be pricey, and having to buy only one pair is a big financial relief."

4. Shop Pre- or Post-Season

Waiting until the first snowfall to buy a winter coat or that first perfect beach day for a swimsuit purchase may seem season-appropriate, but it'll cost you. When these items are in high-demand, the prices are at their peak meaning you'll have to shell out full price.

Instead, stock up during the off-seasons when sales are in place and stores need to clear off their shelves and racks. As Sidetracked Sarah suggests, "Take inventory at the end of the current season. What sizes and items will your child need when this season comes up again? Often, stores will be clearancing the out of season items at 75% to 90% off."

Kids go from pint-sized to almost our size in a snap. Their clothing is for the moment and not a lifetime, so spend with that notion in mind. Use what you've saved for something special or for their other needs and you'll realize how far a dollar will stretch when it comes to your kid's wardrobe.

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When you are newly hitched and learning how to combine your essential legal and financial information as well as your accounts, it can be confusing.

Many people live together before getting married and have begun the process of combining accounts and sharing responsibilities. However, some people wait to do this only after marriage, and others wait until they're married to live together. Whichever path you've chosen, it's still crucial to know a few tips to manage money together as newlyweds to determine where you should begin and how you can remain on the same page.

Discussing Money Motivations

As we begin to share money with our significant other, we soon find out what one person may rank as a priority regarding money and the other may not. As such, sitting down and discussing money motivations is important. Two people who cannot agree on how to handle money may cause serious issues. This should include:

  • How to deal with money following payday. Is a percentage put into savings? Is that the day to splurge on dinner, drinks, and more?
  • The frequency and size of payments made to debts. Some people like to pay minimums, whereas others pay in full or make double payments.
  • What do you each consider money well spent? Is it a new 70" 4K television? Is it an investment? Is it paying as much debt off as possible?
  • How do you go about consulting each other before making purchases over a certain amount?

Establishing Financial Goals

After you evaluate the motivations behind your money and how it should be spent, you'll need to spend time together hashing out financial goals. As newlyweds, there are certain things on your list that you're going to want to save for. How do you go about that? How much of each paycheck will you dedicate to a particular fund?

Some things in the future worth making a financial plan for include savings and paying down debts. This is the time to be honest about your current financial standing. If you're looking to buy a home, you'll want to assemble a first-time homeowner financial checklist to begin to develop topics of conversation. Some of the things to consider setting goals for are:

  • Student loans
  • Car loans
  • Future children
  • A house
  • Medical bills
  • Delinquencies on credit reports
  • Vacation and rainy-day funds
  • Emergency funds

Budgeting Together

The more honest and open you can be with each other about the money you have and now the debts you share, the better. Implementing plans for the best ways to have the things that you both desire while still taking care of existing demands is important. These can be uncomfortable things to talk about; however, these conversations are necessary.

Following these tips to manage money together as newlyweds will allow you to have a starting point for conversations that can be tough to start. The sooner you and your partner get on the same page with finances and the responsibilities that come with them, the easier the transition will be and the sooner you'll find success.

It's the dream: money you can count on to keep rolling in, even while you sleep.

Passive income isn't entirely passive, of course. You'll put in work up-front to get the profits rolling, so don't relax in your recliner just yet. But with so many potential sources of passive income available to you, picking one or several will mean that the day you can finally kick back will draw steadily closer.

Rental Properties

Real estate is a tried-and-true wealth builder for a simple reason: people will always need somewhere to live. Research the market in a growing community until you know a good deal when you see it. You can maximize rent by fixing up a deteriorating property or upgrading a mediocre one. The key is to hire a property manager to do all the day-to-day landlord duties for you—and you'll need a good one. Smart investors put their profits in another property and repeat the process until they have a diverse portfolio.

A YouTube Channel

You can start a blog if you're more comfortable hiding behind a computer, but consumers are more likely to prefer video content. Post a series of “how-to" videos to answer questions about whatever you're an expert in.

You can put up any content you want, but if you don't want to commit to regularly updating it, focus on “evergreen" topics that will draw clicks for eternity. Ads will create your income, especially if your channel grows in popularity. Better yet, sign up for affiliate marketing. If you recommend a product and provide a link to buy it, you'll get a small percentage of those transactions.

Auto Advertising

If you don't mind vinyl-wrapping your car with an ad for a company, you can get cash just driving around and running your errands. Make sure you contact a reputable company that doesn't ask for any money from you; if they're the real deal, they'll evaluate your car, your driving habits, your area, and more. Bonus: the brighter the ad, the easier it'll be to find your vehicle in the parking lot.

Digital Products

What's something that people will pay for but doesn't require shipping on your part? Finding that item is what can supplement your income indefinitely. Write an e-book, charge for your cross-stitching patterns, design prints that people can digitally download, invent an app, record a “masterclass," or whatever else you want. Every time someone new discovers it, the cash register rings. With a little more effort, this is a potential source of passive income for you that can continue to grow. Once you build up a customer base, they might want more products. The good part is that it's up to you whether you wish to give it to them.

Airbnb is a great option while traveling, but you should protect yourself from damage charges from unscrupulous hosts.

Airbnb offers an affordable option for people looking to be more comfortable as they travel.

However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.

And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.

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