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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I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.

There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).

After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.

It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.

That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.

I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.

Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.

Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).

More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.

The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.

I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.

Update: Our friends at Truebill are extending a special offer to our readers! Follow this link to sign-up for Truebill.

My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.

In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.

We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.

I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.

One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.

Here are 5 reasons why we are obsessed with horse racing thanks to TVG:

1. Betting has never been easier

Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.

2. The biggest selection of horse races out there

If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.

3. Get a generous sign-up offer when you place your first bet

Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.

4. Making deposits and cashing out at the touch of button

With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!

5. Watching live races with your friends while betting is exhilarating

Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.

With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.

TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.

The races just keep ramping up and thanks to TVG, I can always get in on the fun.

UPDATE: The biggest derby in horse racing is THIS WEEKEND. Get in on the action with your $200 risk-free bet!

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