A family budget planner
So you’re ready to do some family budgeting? The best place to start is here, with our Family Budgeting for Beginners. You’ll see that the first thing you need when creating a family budget is a good dose of honesty about exactly where you’re spending your money. The Spending Diary exercise is invaluable for helping you to get a clear idea of where your money goes each month.
Baby on a budget
The good news is that you’re having a baby. You’re excited! Then you start to worry. Will I be a good parent? Will I know what to do? And then comes the big one – how will we afford it? It’s true that babies cost money. But it’s also true that they don’t need to cost as much as baby product manufacturers would have us believe. It’s possible to have a baby on a budget – it’s just a matter of thinking outside the catalogue.
If there’s one topic of conversation that’s likely to bind parents together, it’s the cost of childcare. Scratch that – it’s childcare in general! How difficult it is to find, how much it costs, and how important quality childcare is. With more and more families requiring two incomes to cover their mortgages, and more women wanting to continue on their career paths after having children, childcare options and the cost of childcare will always be important topics.
Cost Of Pregnancy
Pregnancy is a time of joy.We tend to focus on the excitement of a new baby. There’s anxiety, too, but it’s mostly around what kind of parent we’ll be. Most of the time, we’re not thinking about how much a pregnancy will cost us. But should we?
On the face of things, pregnancy doesn’t cost much. It’s not until the baby arrives, we figure, that the costs will start to add up. The truth is, though, that if we don’t think about the expense of having a baby right from the start, or even before conception, the costs could add up. When people talk about planning a pregnancy, they usually don’t have this in mind – but maybe they should!
It is important to have a good understanding of your family finances and to manage them effectively as a parent <link to_Parenting>. Planning and organising your finances will free you up to focus on other aspects of your family life as well.
Feeding your family on a budget
There’s no doubt that feeding the family eats up a significant portion of any family’s budget. Saving money can seem a distant ideal when the cost of groceries seem to increase every week, while your kids continue to get bigger and eat more! But with the cost of everything from transportation to electricity on the rise, it makes sense to save money where you can. And it’s surprisingly easy to cut the cost of feeding your family once you have a little know-how.
How much to spend on maternity wear
Once upon a time, a girl could get through pregnancy by wearing her partner’s shirts and a smock dress. Not anymore. Now it seems as though you need an entire new wardrobe of maternity wear to stay in fashion as your belly grows. And a whole range of fabulous maternity fashion lines have sprung up in the last few years to tempt you.
Women in South Africa have babies all the time. Many of these women are working while they’re pregnant. But what are you to do when the time comes to have your baby? Your life is going to change radically over the next few months and you don’t need extra worries to cloud your beautiful expectations.
Medical aid for pregnancy
Not sure who and what you will need for the birth? Is there a possibility that you might prefer a home birth, or a private hospital even though you are not a member of a medical scheme? Don’t leave it too long to decide. Whatever you decide, you’ll probably need to be part of a medical aid to cover your pregnancy and birth – and you can’t make that decision at the last minute!
Money Saving Ideas For Home
Financial experts recommend that we keep the equivalent of three months’ salary in a savings account as a buffer against uncertainty. What your Gran would call “saving for a rainy day”. Unfortunately, saving money is not always easy, particularly when prices and interest rates seem to increase every day.
Planning your familys future
Having your first baby is a big learning curve. And not just from a parenting perspective. Yes, there are the nappies you learn to change, settling techniques to try out and the logistics of getting everything a small baby needs for a day out into one bag. Not easy. But there’s more to it than that.
Using a budget planner to keep on top of your bills
A budget allows you to figure out where you are at and to help you get to where you want to go financially. It will help you to keep track of your money coming in and going out. In addition, it will allow you to set financial goals for yourself.