Everyone knows that parenting can be pretty expensive. Especially if you’re a single parent or have multiple children. It means problems like a reduction of hours, losing a job or being made redundant is even more stressful than usual. Unfortunately, this is something which has happened a lot over the recent year due to the economical fallout of covid. Many industries have changed slightly and are struggling to readjust, especially the travel and tourism industry. Here are some money tips to consider which could see you save a little bit extra. Everyone is different and has a separate financial situation so try to apply it to your own life and circumstance.
Couponing Can Go Digital
Toys and subscriptions can be pretty pricey. Teenagers like playing online games, and sometimes you need to pay monthly subscriptions to do this. They can be on a games console, PC, tablet or phone. Whether you’re looking for free google play credit or some cheap Fortnite Vbucks, there’s always something to find online. There may be free trials, extra credit, or referral credit to make the most out of. If you put some effort into researching what you need you might be pleasantly surprised at the amount of digital coupons out there. Especially if you’re looking for a CD key for a popular game that was once on sale but isn’t anymore. Just be sure to practice due diligence because there are scams out there. If it’s too good to be true, then it is.
The Budget Is King
Budgeting can really help you out. If you’ve got a set amount of money and need to be careful, assigning funds to each area means you’ll always have money for the essentials, while keeping the luxury spending to a minimum. Remember, you should try to assign some of your income to saving. These savings help with any major issues as they come up such as pricey car repairs. There are many free budgeting tools online and many newer banks come with the tools you need so give them a go and see if it works out. It might just be that you’re old school and do it with pen and paper.
Fill The Time With Something Fruitful
Parenting sucks up a lot of free time, but among it all there are still pockets of time which can even be hard to fill. You may want to pick up a little side hustle to help you with the finances. It doesn’t have to be something which lasts forever, and can piggy back off your hobby or pastime. If you’re big on fitness, you can work as a personal trainer. You may want to start a side business and sell products across different platforms. Maybe you want to get into dropshipping, or can make some money through adsense. There are a few different options and you need to look at your skills and see how they can best be transferred. The extra money can make life a little easier and if it’s something you enjoy it’s all the better.
This Post was contributed By Mike D
Cover Photo by Adeolu Eletu on Unsplash