The 10 Best Money Saving Tips And Tricks For Parents
Saving money as a parent is essential but incredibly tricky. But the good thing is there are plenty of tips out there to help you get started. Here are some of our best money saving tips to take the pressure off and make saving easier for all the parents out there.
Remember These Best Money Saving Tips
1. Use Couponing Websites
Couponing is time-consuming. But, it's one of the best money saving tips for parents out there. It can save you hundreds of dollars! And thankfully, some websites allow you to skip all the tedious coupon clipping and get straight to the savings.
Try websites like Passion for Savings or The Krazy Coupon Lady. They've done all the hard tasks for you. You'll find your savings by scrolling through their databases.
2. Make The Most Of January Sales
Every January, toys and wrapping paper go on sale. To save money, use the time to stock up on different gifts. That way, you have birthdays and holidays covered for the entire year, without being forced to overspend nearer the time. However, you should still set a budget – like no more than $10 or $20 per gift, for example.
3. Plan Your Own Playdates
"Mommy and Me" classes are expensive. But you can use this one of our best money saving tips to cut socialization costs. Start your own group! That way, you can spend time with other moms and their children without spending exorbitant amounts of money on pre-arranged classes. Nowadays, you can find parents in your area by utilizing social media or a playgroup meetup website.
4. Reduce Your Water Bill
Leaky faucets are wasting your money! So, reduce your bill by replacing them and go the extra mile by adding an aerator to each faucet. Yes, you'll need to pay for the aerators initially, but they reduce the amount of water you use by up to 60%. No wonder it's one of the best money saving tips available!
Another trick to reduce your water bill is to fill a plastic milk jug with stones and put it in your toilet tank. It minimizes the water needed to fill the cistern, minimizing your monthly expenses.
5. Embrace Bulk Buying
Young children go through diapers, baby food, wipes, and similar items very quickly. Buying all the necessities in bulk saves you money in the long run. Alternatively, you could set up automatic deliveries for certain items. Amazon lets you do this easily, saving you around 20% on frequently used items.
6. Put Bonuses And Tax Refunds In Savings
Bonuses and refunds are temptations. Try to resist spending your bonus or refund and use these best money saving tips by placing the entire amount into savings instead. You can put it toward your child's future or in an emergency fund rather than going on a shopping spree.
7. Make Money On Your Savings
Do your research and put your savings in an account that makes money, like a CD. These accounts allow deposits but not withdrawals for a certain duration, allowing you to rack up compound interest and make some serious money. You can also look into investing your money.
8. Shop Secondhand
Children grow quickly – leaving behind a lot of clothes at a quick pace. Forking out for brand new baby-grows is pointless. Instead, try your local thrift store or see if your friends have any hand-me-downs. You'll be surprised by how much money you can save.
9. Create A Holiday Budget
Buying gifts for children is fun. But it's super easy to spend far too much. To combat this, create a budget and force yourself to stick to it. Remember, children can be overwhelmed easily; they don't need showering with a bunch of gifts. It's quite simply too much for them.
10. Fund Emergencies Wisely
If you're only now following the best money saving tips for parents, you may not have an emergency fund when crises strike. In that case, you need to ensure you find the cash to fund the situation from a reliable source like fast auto title loans.
Fast title loans are an option, especially if you can't borrow from your loved ones. They are a financial aid that allows you to borrow between $300 and $15,000 depending on the value of your vehicle. You can leave with your money in as little as 30 minutes.
And the best part — you get to keep your car throughout the repayment period. We simply place a lien on your title; we don't take your vehicle. Just fill out our online form to get started and we can either go to you or you can come to an auto title loans near me to complete the process.
Start Saving Money Today For Your Family
Implementing our best money saving tips will ensure a healthy, happy family budget for years to come. Remember these helpful tips if you need a boost to get started. And if an emergency strikes and you're unprepared, you can always give us a call or fill out our online form for fast title loans.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.