Hi and welcome! This board is a great place for fun and inspiration.
I have younger kids too- 3 and 5- and I have been saving their old pajamas. I will eventually make a quilt using squares cut from their footie type pajamas and then I can use it to cuddle with when they go away to college and leave me with no one but DH to talk to! LOL! Seriously though, a lot of people make quilts from their kids' old clothes. It's just one idea- hope it helps.