Thursday, 6 February 2014

Pennies turn into pounds – but how?

As parents, we all want to give our children the best possible childhood. But it can be difficult to give them all the material goods they desire, particularly in this climate of economic uncertainty. But even in these belt-tightening times, there are still ways to save a bit of money so you can treat the kids every now and again.

Expensive parenting
Being a parent is extremely expensive. On top of the mouths you have to feed, you’ll have to fork out for school outings, birthdays and, of course,  Christmas. Financial troubles can easily spiral into something very serious.

Thankfully, there are a few simple things you can do to cut costs in the short-term. Shopping online, for instance, allows you to stick to your allocated budget. Reusable nappies are cheaper and are better for the environment. You should make sure you take advantage of store cards for discounts and start exploring charity shops for bargains. If you have short-term debt that you need to knock out, you could always get a fully transparent loan from a short-term lender like MYJAR, to help you through a tough spot.

Saving tips
Food is another area where a bit of creative spending can save you cash. You could try making your own bread instead of buying it every other day. You should prioritise buying unbranded food and shop at local markets for cheaper ingredients.

There are certain practices that can help us all during these tough economic times, and this infographic shows a few ways in which you can drive down costs in several key areas: budgeting, electronics, food, energy and travel.

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