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Money Saving Tip #4:Stop Your Kids from eating Junk Food

This post is in continuation of my money saving tip series (see here)

Children in India seem to just love junk food like chips,fritters, colas, sodas,cream biscuits etc

While parents know that these are bad for their teeth and for their health, they seem helpless in front of their kid’s demands.

As paedatricians often warn, these foods contain colors and other allergens which result in coughs/colds/allergies in children.

A typical middle class family probably spends around Rs.100/week (if not more) on these kinds of foods.By cutting them out and convincing your kids to eat healthier alternatives, one can improve their health and save trips to the doctor.

Estimated Cost Savings:Rs.5200 per year

Total Potential Savings From Money Saving Tips Series so far:Rs.14500 per year

Email your own money saving tips to Alpha Ideas

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Linkfest:May 23, 2013

Some stuff I am reading today morning:

Daichi may sue ex-Ranbaxy promoters for false information (MoneyControl)

With his magic touch, Warren Buffett may be irreplaceable for Berkshire (ET)

Tanishq Gold harvest scheme review (OneMint)

The growing India water tragedy (Bloomberg)

The Portfolio Manager Strategy Cycle (PragCap)

Crowds,Mencken and Wisdom from two great investors (DailyReckoning)

Gartman’s 16 rules of trading (BI)

Gold will not make a comeback (MarketWatch)

Risk Appetite index headed for Euphoria (SoberLook)

The Graduation Advice we wish we’d been given (HBR)