4 Tips For Planning Your Family Finances
We all know that raising a family in this day and age comes with a hefty price tag. With endless expenditure cropping up here and there, from price hikes, to unexpected spends, it's never been more important to keep a tight grasp on your finances.
Here are a few tips to help you secure your family's financial future:
1. Shop Around
Whether it's for a mortgage, an electrical supplier or even the weekly food shop, make sure to shop around to get the absolute best deal for you and your family's needs. There are numerous online comparison tools available to help you get the best price, so put the time and effort in now and you will see the rewards in the future.
2. Savings Plan
It's really important to have a plan in place when it comes to saving. Big or small, every little bit of saving helps. Take Child Benefit for example. If you were to take the €140 you receive per child, and put it into a savings plan, you could save €21k in 10 years to €55.5k over 20 years. This could go towards secondary/third-level education and all the associated costs that come with this.
3. Life Assurance & Serious Illness Plan
You never know what's coming around the corner, so for the best interest of you and your family, it might be time to think about a life assurance & serious illness plan. These can start from as little as €19.31 per month which will cover you for life's unexpected circumstances.
4. Promo Codes
Before making any purchase online, always check to see if there is a promotional code available to help you get a better deal. From train tickets and shoes, to online grocery shopping, you'd be surprised at how much you could save. Have a Google, see what you can find, and sign up to newsletters of various retailers, as they sometimes send exclusive codes via email.
For more help planning your family finances, visit babystepsforyou.com. BabySteps is a brand new savings & protection programme which will assist you to plan and secure your financial future, providing peace of mind and in turn helping you build that all important 'Nest Egg' for your growing family.