Types of Savings every mum Should have

One of the main stressing issues that all parents have is about money. We want to make sure that we raise our children with all the comfort and care that they deserve.

Here are some money saving tips that will help you raise your baby with some financial stress relief:

1.Emergency fund

Create an emergency fund. Every month put some money aside. This will help you to cope if you have any unexpected situation. You should have 6 to 12 months of monthly expenses (bills, groceries, rent, etc) saved.

2. Baby Savings

When expecting a baby all our priorities change, everything circles around this beautiful life that is about to join us in this amazing world and we often forget how much we are going to need to spend on the first stages. So, during the pregnancy make sure to gather all that you’ll need for the baby’s daily care.

See among your friends and family if they have any baby’s furniture that they no longer use, to lend you.

Make a list of all the items you’ll need and start purchasing them now. Look for sales, make choices and you’ll be able to save money and have quality products.

3. Create activities/holiday funds

On your financial budget make sure to put some money aside for weekend activities and holidays with your children. Plan ahead where you’re going and save money monthly so that, within your budget, you can enjoy to the fullest these amazing moments with your family, Look for fun free activities and create great memories at a low cost.

4 .University fund

Start to save small amounts of money per week. If you start doing this on a regular basis you’ll be amazed at the savings you made through the years. Start when you’re children are young and, by the time they turn 18, you’ll have a comfortable university fund for them.

I hope these tips will help you.

Thank you for meeting me halfway.

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