Budgeting Tips for Parents: Quicken Personal Money Management Tips


Transcript

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Parenting. It can be a joy, but it can also be a little bit overwhelming.
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Especially on your budget.
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So, we caught up with some moms and dads
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who share their best money saving tips.
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Money saving tips for parents.
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Try to cook at home, uh, what I actually do with my kids is
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I actually ask them what they would like to eat
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and then what I do is I make it part of the process that they actually cook with me.
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And they seem to enjoy that a lot.
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Making them buy their own gas.
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Never subsidize the gas, because then they don’t drive their friends around
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and they have a better understanding about what it costs to run the car.
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Try to not answer every “please can I have this”
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and maybe give in every once in a while instead of every time.
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You’d be amazed at how much money that can save.
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You save to spend and always know what that big goal is that you want to save for,
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be it vacation, a car, a house-
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Go to free cycle, go to a flea market, partner up with your friends.
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You can get bicycles for free. You can get books and toys and clothing-
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Don’t place money on clothes – they’re really not worth it.
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But spend money on books.
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Kids who love learning and who love books – those are really the kids that colleges are looking.
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Right now, my child is 17 and we’re looking at colleges and
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there’s no way we have enough money.
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Start your 529 plan now.
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Make it an automatic deduction. You won’t even see the money.
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And it will give you a big head start on having a nice little college fund.
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And for more everyday savings tips, follow Quicken on Facebook.
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