Tips To Manage Finances For Large Families

Many large families are seeking the answers to raising their children on a budget. The latest report from the Economic Policy Institute puts the average cost of childcare for families in America between $4,822 and $22,631. Considering the rising home prices, living costs and the increased overall cost of raising a family, managing your family’s finances can present a few issues for any large family. More kids are choosing to live at home longer while more seniors are opting to stay with their … [Read more...]

Why Parents Should Be Teaching Their Kids About Money

One in five of the nation’s children fails to meet baseline levels for financial literacy proficiency, according to the Programme for International Student Assessment. This increases a child’s risk of making poor financial decisions which could result in crippling debt - something which is set to peak at $4 trillion by the end of the year. However, research has found that kids are smarter with money when their parents discuss financial topics with them on a weekly basis. Therefore, talking … [Read more...]

Money Saving Tips: Thing You Should Change Now That You Have a Family

Starting a family is exciting but it comes with great responsibility too. Now that you are no longer living solo, it is important to be wiser when it comes to every decision you make especially when it involves money. It is important to spend wisely and save money for the future. It can be a bit challenging to adjust from your lifestyle when you were single and now that you have your own family, but you should do your best. In this article, we will discuss some of the things that you should … [Read more...]

3 Money-Saving Smart Living Tips for New Moms

As a new mom, you’ll always want to get the best things in life for your child. Sometimes that means splurging and spending a small fortune to get your little tike the best of everything. In other instances, you’ll need to save money in other areas so you can continue to give your child the best this world has to offer. New moms realize the value of saving money through smart living tips. So we’re going to share some of our best tips with you today. When you’re through, you’ll be able to cut … [Read more...]

Quick and Easy Ways for Your Family to Save Money

No matter how much money you make, it’s always a good idea to spend less so you can save more. Especially when you consider the fact that the average family will spend $233,610 to raise just one child! Don’t let an empty bank account haunt you for 18 years. There are quite a few quick and easy ways your family can save hundreds or even thousands of dollars. Find Ways to Save on Prescription Costs Prescription costs can quickly get out of hand, especially if you have … [Read more...]

The 5 Times It’s Okay To Say Yes To Debt

We’re getting to the time of year where people are spending more money than they do for the rest of the months ahead. Gifts, food, decorations, travelling to see family – it all adds up around Christmas time. One thing you find in your mailbox at this time of year, is junk mail offer after junk mail offer bombarding you with the latest and greatest in credit cards and payday loans. Companies like you to spend your cash, and they use Christmas as a way to tempt you in. They dangle a carrot of low … [Read more...]

One Common Mistake When It Comes to Family Finances

Your family budget looks great. For one thing, you have an emergency fund that has enough money to tide your family over for three to six months in case of a job loss or similar situation. Moreover, your budget makes provisions for expenses incurred and how much cash flow there is. It also allots money for items such as vacations, college savings accounts, and retirement accounts. However, there’s one potential area of weakness, and it comes in the form of a word that many people dislike: … [Read more...]

How Do You Budget Your Money?

So I'm looking for a little advice from my wonderful readers today! I am thinking about starting the cash envelope system for budgeting my family's expenses.  My question is, have any of you ever done this?  Did it work?  About how long did it take for it to really work for your family?  Any other tips would be wonderful, too! If you don't use the cash envelope system, do you have another way that you budget your family's expenses?  I would love to hear about it! Thank you in advance! … [Read more...]