5 Ways to Stop Spending Money on Things You Don’t Need

No matter how frugal you consider yourself to be, there’s a good chance that you occasional over-spend on things you don’t need. These days, we’re all victims to an increasingly convenient shopping environment. When deals and offers are delivered by brands directly to your smartphone, and all you need to do is tap to purchase, it’s difficult to convince yourself that you don’t really need to buy. Ways to stop spending money on things you don’t need should be a priority in your life.

5 Ways to Stop Spending Money on Things You Don't Need

Unfortunately, if you’re not careful, your poor spending habits could stop you from achieving your financial goals. The good news is that there is a way to break the cycle. Here are just some of the ways that you can stop spending money on things you don’t need.

View Post

How To Be a Frugal Parent Without Missing Out

If you’re planning to have children, you need to know what to expect. While most parents talk about the reduced sleeping hours – and you will truly have to function on two or three hours a night in the beginning – not everybody is completely honest about the costs inherent to raising a child. Bringing up a child in the UK costs more than the average home, according to the Centre for Economics and Business Research.

Ultimately, as a parent, you need to be prepared for a cost of over £230,000, which includes childcare and education until the age of 21. If you compare in terms of household budget, proportionally a British household will spend nearly 40% of their net incomes on raising a child. Of course, the more children you have, the more expensive it’ll be – although, thankfully, one household with two children spends less than two households with one child each.

Unsurprisingly, the costs vary depending on where you live in the UK. However, you’ll still be paying well over £200,000 to bring up a child everywhere in the country.

In other words, there’s no secret to cut down the expenses. But there are ways to maximise frugal living to make sure that you don’t break the bank!

Frugal Parenting Without Missing Out

Each child costs a quarter of a million

View Post