Regardless of the amount of money that your family makes, a burden can be put on family budgets by some events. When this happens, it is often time to think outside the box to come up with the extra funds needed. Here are four common family events and how you may consider financing them.
Having a Baby
There are many different ways that you can save money when you are having a baby. If you’re comfortable with the idea, opt for a double room as they can be up to 300 percent cheaper than a private room. Keep your eyes out for coupons and free samples. Ask your friends and family members to save these for you too. Nursing, when possible, can save you up to $1,400 during the baby’s first year. Cloth diapers have come a long way and although they may cost a bit more to start they can save you a bundle over the years. If you really want to save money on the birth itself a midwife can be much cheaper (and more natural) than a traditional hospital birth.
Taking a Vacation
Plan the dates of your next vacation carefully to take advantage of lower off-season specials. Consider flying on major holidays, early in the morning and on the weekends as flights are usually cheapest then. Consider vacation rental properties instead of hotels as the rates can be up to 200 percent cheaper. Comparison shop for the best rates including calling facilities directly. Cruises often offer the best value because of their all-inclusive nature. Companies like Vacations to Go offer great deals on “Last Minute” cruise deals.
Putting a Child in Private School
The quality of your child’s education can be one of the most important factors in their future lives. Take a look at your budget to see where else you can trim other expenses if you want your child to go to private school. Many schools offer scholarships to students who deserve to go there. If parents have multiple children attending the same school, then look for sibling discounts. Some schools offer discounts to parents who are willing to help the school with special skills.
Moving to a New Home
Moving to a new neighborhood or city can be an exciting adventure, but it can be hard. Start by deciding which items you are going to move. If you have not used an item for several years, then there is probably no need to move it. When possible, schedule your move between September and May as rates may be lower. Also, consider paying for the move on a credit card offering cash back, then use the money you get back to buy the little things that you need after the move. Trust a professional moving company, like Wheaton World Wide Moving, to take stress off you during the move. Look for any discounts or specials that they may offer as well.
Your Dream Wedding
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There are many ways that people can save money on events in life. Use these ideas as a springboard to get your own thinking going on how you can save money on the things that matter most to you and your family.
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