Budgeting for Working Parents Children’s activities like sports, dancing and music can be expensive. There are ways to fulfill your kids’ dreams without depleting your budget. Borrow equipment like baseball bats and balls or instruments to help save money. Bargain shop at thrift stores, consignment stores and clearance racks for great deals. Make budgeting a part of your annual financial planning. Parents plan for expenses like housing, groceries and utilities, but often overlook children’s’ activities and the associated “extra” fees.