The happiness and health of a child are two things a mother never should, or would want to cuts corners on. However there are many ways a new mother can be economical without ever having to compromise the well being of their kids.
Start Your Engine
Hit the net. There are many companies and programs on the internet that especially cater to mothers with young babies. There are an increasing number of companies that specialize in wholesale priced or eco-products that allow you to order online and then deliver to your door, such as www.gotoddler.com.au, which specializes in bulk quantities of nappies. Costco is a supermarket which specialises in domestic goods for sale in bulk quantities at prices that are nigh on wholesale. In order to stay up to date with sales and deals at major supermarkets, and also to compares costs between them, head to www.myshopping.com.au.
Clean House
If your financial affairs aren’t in tip-top condition, now’s your chance to sort it out. Having kids brings up a host up surprise costs that can arise at any moment: it’s more important than ever to have substantial savings to fall back on in case of the unexpected or a financial blow. Fox Symes are leading financial advisors who can help you to make the most of your money, assist you with debt, and other measures to pick you up out of trouble or just bolster your finances.
The Thrift Shift
There is so much to recommend shopping for second-hand goods, aside from the fact that they are often better quality and have more character! Buying pre-loved products is also a sustainable option which side-steps the industrial processes necessary to make new ones. Most second hand goods also sell for fifty to ten per cent of the retail price for new ones. Visit your local charity shops or shop on Ebay and Gumtree to pick up baby furniture, clothes, toys and any other essentials in your local area.
A Helping Hand
Check your entitlements. A visit to an accountant or financial planner can open doors to money you didn’t even know you were entitled to. The government has a family assistance website with a comprehensive guide to various tax benefits and entitlements, and also information about paid parental leave and the baby bonus.
Back to the Drawing Board
Sit down and write out a budget (there are also a huge number of spreadsheets and programs on the internet and apps available to help you do this). Single out the areas where you are spending money unnecessarily: what aspects of your financial life could you reorganize to make the most of your finances? One consideration to make is refinancing your home. Even a small reduction in your home loan interest could save you thousands over the life of your loan.
Every mother wants the best for their children, and bringing them up in a financially stable environment is a great place to start. If you are facing some financial challenges, check out the Fox Symes blog– they’ll put you on the right track so you can get on with the more important things like changing nappies and 4am wake-up calls.
