Kids wait the entire year to celebrate the birthday. Why not, it’s their day and deserves a ‘happy birthday’ bash. In fact, all of us used to be the same in our childhood. However, our celebrations were not as sophisticated and complex as today’s birthday parties.
Today, it is not easy to restrict children to a simple cake cutting party at home. They have their circle of friends and wish to celebrate the way their peers do. They have a clear vision of a personalized party.
Parents, Are You Prepared for Your Little One’s Birthday Bash?
If your kid is a toddler, it’s time that you start your planning now for the coming years. Even though kids less than three years are too young to understand and feel the celebration, in no time they will catch up.
The real challenging birthday celebrations begin when kids turn 3 and would last until they turn 15 years. After 15 they are grown-up teens who do not demand a fancy birthday party but wish to hang out with friends and carry out their own celebrations.
Why Is It Challenging?
Children between 3 and 15 years are demanding when it comes to their birthday. They have their views on what the venue should be, how the theme be like, the cake, and the decoration. Not to mention, they have their own list of invitees. You can’t even cut it short.
In such a scenario, it would be wise to be financially prepared to meet the demand. Oh no! Your little one may not really understand if you talk about budget constraints. Moreover, it won’t be easy to turn down his or her dream. What then? How to prepare for this unexpected cost?
1. Park Your Investments:
Your preparation should begin with little savings and be investing towards the birthday celebration goal. You could be a busy working parent without enough time. Your hectic schedule may not allow you to plan for a theme-based birthday bash for your little one. In such case, let the arrangement be taken care of by a planner who works within budgets for you. All you need to do is to build enough money to meet such events.
Consider regular parking of some money at the right platforms to be worry-free and be able to meet the celebration costs, year after year. If you begin right when your child is born, you can accumulate enough.
Start investing in the right portfolio of mutual funds that meet your risk appetite and help you meet your goal of building the required amount. SIPs, get you the maximum benefit of compounding and easy withdrawal. You can start with as low as Rs 500 a month and then increase your monthly payout gradually. For more personal finance advice and information on right investment channels, approach financial advisory like ArthaYantra.
As parents, we all want to our kids to enjoy their big day and money should not definitely be a constraint when it comes to celebrating life with your loved ones!
2. Plan Together With Your Child:
Instead of planning in a silo, get your child involved. Use the time that you spend in party preparation to increase the bonding with your kid, by taking his / her help in creating invitation cards, party decoration cut-outs and others. Take the child along while shopping for the party needs.
If your child wants a themed party, decide well before. Start preparation weeks ahead. Spend some time every day (after office and school) for the preparation. Make simple crafts or paintings to suit your party.
Do not hesitate to seek a help from your near and dear. Check within your circle if someone else hosted a party with a similar theme. If you find any, exchange and reuse the décor. Professionally made cakes are too expensive. If you can, bake one.
3. Check for Budget Friendly Setups:
Try explaining your kid of why you want to celebrate the important day at your home. Explain that you cherish building unforgettable memories in your sweet home with your sweetheart. If you wish to or if your kid insists on celebrating her day at an outside venue, get in touch with your peers to check out for budget-friendly venues.
If you cannot avoid ordering food from outside, look for the best deals or coupons. Don’t be afraid to bargain or negotiate to check if the vendor is willing to beat the competitor’s price.
4. Get Your Creativity Out:
Find ways to throw a creative party within your budget. Buy reusable party supplies. Avoid overspending on gifts for guests. If you are looking for birthday favors, pick the ones that work overtime.
Choose a party theme where the guests can make their own favors. Have the children draw pictures at the beginning of the event and present each child’s masterpiece to guests before they leave. Or simply give a packet of seeds in a small pouch.
In conclusion, planning ahead would brighten up your kid’s birthday and build memories that would last long. Last but not the least, if you are considering a birthday gift to your child from your side, choose a wise gift. Why not start investing for your child’s future on his birthday?
As your child celebrates each birthday, let your memories and investments grow. Consider a worthy child plan for your darling and lay a rosy road for your little munchkin’s wonderful future.
