Nobody ever said that being a parent would be easy—and if they did, you would problem assume they were some kind of crazy. As Freedom Debt Relief reviews the different reasons people have gone into debt, they have discovered that one of the most common reasons has been people’s inability to properly account for the high costs of raising children.
In fact, the list of costs associated with having children is seemingly endless. Between food, clothes, healthcare, child care, and even education, it is no wonder that most parents are constantly trying to find ways to save money.
Though some of the costs of being a parent may be simply unavoidable, there are lots of ways that you can immediately begin saving. Freedom Debt Relief reviews some of the best ways that parents can potentially save on child care. Co-founder of Freedom Debt Relief, Andrew Housser, notes that there are many ways that you can save, even during the most expensive times of year. He offers advice to families on how to save on things from the holiday season to medical costs.
Consider finding a job that allows you to work from home.
Until your children begin going to school, it seems you will inevitably have to choose between quitting your job and finding some place for them to go during the day. If you are like most American families, however, quitting your job is something that is likely not an option.
If you are paying (for example) $20/hour for someone to watch your children and earning $25/hour at work, you are essentially only making $5/hour overall. Instead of taking what is functionally a dramatic pay decrease, you may be better off finding a way to work from home.
With the invention of the computer, working from home is something that is easier than ever before. As Freedom Debt Relief reviews the pros and cons of switching to a digital career, for many working families, this seems to be a very viable option.
If you can’t work for home, search for a company that is willing to work with parents.
Though the digital workplace has a lot to offer, it certainly isn’t for everybody. But as Freedom Debt Relief reviews different benefits offered by employers, it has become clear that the market has become more adaptable to the needs of parents than ever before.
There are a number of different ways a company can adapt its benefits to better suit the needs of parents. Freedom Debt Relief reviews some of the best options available.
- A workplace daycare is a great option that can typically allow you to save a substantial amount of money on childcare costs. Though unfortunately, these are not offered by the majority of workplaces, when they are available, they are certainly worth looking into.
- Ask your boss about flexible scheduling. Though you may not be able to do all of your work from home, it is very likely that you will at least be able to do some of your work from home. By adopting a flexible schedule and telecommuting, you can potentially save a lot of money on childcare over time.
- Ask about dependent-care flexible spending accounts. These accounts can help you save money to specifically cover childcare costs—if you are going to be paying these costs anyway, you might as well see if there is a way you can get your boss to contribute.
Seek out an affinity group for working parents.
Though being a working parent can be overwhelming, you can be comforted by the fact that you are not alone. Many other parents are in the same situation as you are, and because of this, you can potentially work together to save money on the financial expenses you have in common.
By finding parents who are also in need of a nanny, babysitter, or other forms of childcare, you can save money by having all of your children cared for at once. Though this option may not be available for everybody, it is certainly something to consider.