How To Save Money on Family Expenses

Families big and small need to rethink their saving strategies. Otherwise, daily expenses can quickly add up and you’ll be left with no wiggle room at the end of the month, whether you’re trying to trim down your debt, save for a fun family vacation, or putting aside a college fund.

Regardless of your goals, here’s how to save on family expenses:

Child Care

We spend an average of $860 on child care here in America. When the kids are young and need constant supervision, it may seem impossible to lower expenses. But we’ve come up with 4 clever ways to save.

First, try to join a babysitting co-op- or if you can’t find one in your area, start your own. That way you can other parents can take turns babysitting the kids instead of individually paying babysitters. If you do need to hire a babysitter, make sure to split costs with another parent. You or them could drop their kids off at one person’s house, as long as the babysitter is told in advance and is OK with this plan.

Your local church or the YMCA, as well as other nonprofit organizations, could offer child care programs, too! Check online for more details on the organization in your area.

But if you need to employ a daycare, research the ones with an affordable care business model!