Many people will tell you that having children is expensive. However, with proper budgeting and money management, you can save money and save your family some pretty serious financial headaches. Here are a few tips and ideas on how to properly manage money for parents:
Plastic is becoming more and more popular, with people preferring to use their debit or credit cards over cash. More and more businesses are using automated scanners to scan cards. Direct deposit is also becoming very popular, as it eases the hassle of depositing money in person. For example, Reach cards are a great prepaid credit card that uses direct deposit allowing you easy access to money you need without hassle.
Buying generic products is another great way to save some money, as oftentimes the generic brand tastes the same and offers the same product as the name brand, but it costs less than the name brand.
Take advantage of consignment stores and thrift shops. These stores are oftentimes much more affordable than name brand stores and big box stores. Many of these stores have gently used clothing and other products to help save you money. You can even find name brand clothing at these stores that would have originally cost you way more at their original store.
Save a bit from each paycheck, and put it into a savings account each week. You will have accumulated a hefty sum after a few months, for emergencies, bills, family fun nights, vacations, or as a reward.