Expert tips on how to save money when you have children
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Experts’ hacks for helping parents with children save money
- Families are facing significant financial strain due to persistent inflation and escalating childcare expenses, making strategic budgeting crucial.
- Experts advise regularly reviewing personal finances, checking for better deals on services like insurance and streaming, and actively switching providers for utilities such as broadband and energy.
- To reduce spending on children's items and activities, families should embrace pre-loved goods, utilize loyalty cards and railcards for discounts on days out, and seek out free local events.
- Parents should explore available support for school expenses, including council uniform grants and school-recycled uniform schemes.
- Significant government support is available for childcare costs, such as tax-free childcare and Universal Credit childcare claims, which many eligible families are not currently utilizing.