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How I've Learnt To Save Money Since Becoming A Parent


So you've already learnt how to save money whilst pregnant, and budget when thinking of starting a family but now your baby is here how can you keep those costs down and still manage to save money? Being a parent can be expensive, you have extra mouths to feed, bodies to dress and toys to buy to keep them entertained. It's certainly not cheap. But learning how to budget and save money can help in the long run. 

Here are some tips I have learnt since becoming a parent and how to budget when having a family.

Plan your meals in advance 

I never used to do this and have only recently started doing so, but I am so glad I have. I always used to waste food. I would buy way too much, probably enough to feed a family of 5 and half of the food would go off. Complete waste of money! I have decided to write down what to have for lunch and dinner each day of the week and that way I know what ingredients I need to buy. I have noticed I have saved at least £100 a month so far by doing this! 

Ensure you don't have any debt 

I wasn't in debt but did have many store cards which needed paying off. These don't help as you pay back monthly on them and even just paying the minimum payment isn't going to pay it off any quicker.  The best thing you can do is pay these all off while you are pregnant so that you aren't faced with any financial burden or added stress when your baby is born. It's a good idea to get a credit rating check which you can do at www.creditexpert.co.uk if you have had store cards or credit cards in the past. Wipe the slate clean and start over. 

Set up a savings account 

For years now I have only had a current account, and never saved any money. I have no savings. I do have an online account which is linked to my current account but I tend to transfer money back and forth to there when I don't want to spend it or am saving for something. Putting money away for the future is a great way to save for your family. There's no need to put away hundreds, but starting with a commitment to save something small even if it's just £20. 

Vouchers and Deals 

Take up on offers! After all they are there for a reason. In the past I wouldn't even look at these! They ended up in the bin, but more recently I have saved the baby related coupons that you get in the supermarkets they come in handy, for wipes, nappies and food. 

Cheaper bills 

Make a note of your monthly payments for all of your bills such as gas/electric, sky, phone line, insurance and shop around to compare prices from other companies. It's pretty easy to do and doesn't take too long especially if you do it online. 

Entitlements 

Find out what you are entitled to. What benefits you are able to receive. Every parent is able to claim child benefit and you may even be entitled to child and working tax too. The sooner you are aware of your entitlements, the easier it is to budget. I actually wasn't aware that I could claim child tax and working tax whilst on maternity leave. 

How have you saved money since becoming a parent? What tips do you have to share?

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81 comments

  1. Fantastic thank you! I use coupons a lot, and they really do help you save a lot of money!

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  2. Really good tips,thanks for sharing!

    @LaaMoii

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  3. great tips but cash backs also help save money.

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  4. Great tips, I think keep up to date with any savings accounts, after a year they seem to drop rates to nothing!

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  5. I plan family meals in advance but i will go to the fridge for the chicken only to find that the grandson has fed it to the dog lol @mandsmanc

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  6. Since becomming a parent, I can't afford to save money with how bad the current times are! nightmare!

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  7. just found this site and it looks great

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  8. I try and use as many coupons that I can get my hands on each week to cover some costs of my shopping. Another thing that I do is each week from the start of January any apre £1 coins that I have I put in the savings machine in Tescos some weeks there's none some weeks I can get a few but it all builds up. I save these on the cards and come Christmas I have a good few £50 cards saved up just by using spare change. I use this for extra groceries at Christmas and gifts in the toys, electrical departments and last minute gifts takes a good bit of stress of the budget of Christmas x

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  9. I think everyone could find these tips helpful in this economic climate!

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  10. Great tips, any way to save money when you have kids is really helpful!

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  11. If i havent used it / worn it/ read it. eaten it in 6 months, i sell it all on ebay and that way i can refresh things i own buy replacing every 6 months. So i can have regular treats because my last treats pay for my new ones!

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    1. Thats a great idea! I must do this! Thanks :)

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  12. Some great tips here. I'm becoming more and more money savvy these days

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  13. I do most of these myself, and also do loads of surveys in any spare time i have...all my money goes on necessities and living expenses..and the vouchers i save up for doing surveys i spend small luxuries for myself..always good to make a few extra quid if you have a spare hour on your hands during the day..in the last 2 months of doing surveys ive made £30 amazon vouchers and was invited to do some product testing...always good for a freebie :)

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  14. Excellent tips, I had to be very frugal in the early days of being a parent

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  15. Great ideas, thanks for this!

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  16. great tips,and am always on the look out for vouchers in mags and newspapers

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  17. Good tips especially about planning meals, we waste so much food in this country. I'd also suggest cooking in batches and freezing food as a way of saving money and having tasty meals in the freezer for those days when you don't have time to cook

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  18. Planning meals ahead of time is something I am bad at. I will make a real effort to do this more now. Thanks

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  19. P Wendy Clayton14 July 2013 at 18:17

    I make a shopping list and do not buy things not on the list.
    Magic Freebies is a great website to find all those things that companies want us try out

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  20. Brilliant tips! We try and make use of all our vouchers too, though it's frustrating when we forget and they expire.

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  21. I'm the same, since becoming a parent I budget, why oh why did I not do this before having children though.

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  22. I really need to follow in your footsteps x

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  23. always looking to save money in whatever way I can especially having 4 kids

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  24. I buy each of us one of those savings cans out of the pound shop every Xmas for our change. As we both have them & can't see how they are filling up, we get quite competitive about putting our change in them. At the start of December we get the tin opener out & open them up to see who has saved the most. Initially it was intended just so we would have some money to buy each other a small gift but it's amazing how much it mounts up over the year and helps buy so much more
    Kirsten

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  25. It's a good list, and it does make sense to stay on top of ways to save money if you can.

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  26. great tips :) with regards to savings accounts - giving them friendly names helps too!. You're probably more likely to save if you call your savings account the "holiday account" (for example) because it reminds you what you're working towards every time you put money away!.

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  27. You have some great tips here. We all need to save as much money as we can at the moment. Everything is becoming so expensive!!

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  28. really good advice i will definately take it onboard

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  29. Great ideas and advice, it is always a good idea to know where your money has gone.

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  30. This is great advice, and so true. Thanks! :-)

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  31. I am a massive couponer. I rarely paid for any nappies/wipes etc when my daughter was born :)

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  32. Some great money-saving tips here! They've inspired me to tackle my own finances. Ellie x

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  33. NICE IDEAS AND ADVICE

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  34. great ideas,I always search for discount codes when buying online and use money off coupons instore, unfortunately we have debt so that = no saving

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  35. Some great tips especially the meal planning that is something I am determined to do. Xx

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  36. some amazing tip for meal planning something i'm trying to get better with

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  37. i've bought most of my daughters things 2nd hand to save money, they hardly get used so not worth buying new

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  38. great tips and advice there!

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  39. Thank you for all this good advice - we all need to save money whenever we can!

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  40. I go for supermarket own brands a lot cheaper and can be just as good as the popular brands

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  41. Elizabeth Williams16 July 2013 at 20:25

    very informative tips

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  42. When I became a parent I had a lot more time at home since no longer working so started cooking meals from scratch, baking my own bread and pizza bases, cakes etc which worked out a lot cheaper.

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  43. Great advice

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  44. Can recommend the forums on Martin Lewis' MSE for LOADS of tips!

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  45. We try to save coupons but usually end up forgetting them. x

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  46. Great tips, have a savings account but never have anything spare to put in it lol x

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  47. fantastic tips

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  48. Great tips, I have started using local FB selling pages for clothes etc - none of the hassle that can be associated with ebay but great bargains to be had.

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  49. Shopping with coupons... growing my own salad... walking more and driving less... selling on Friday-Ads (no fee) or at car boots... BUYING at car boots, too!... buying a huge climbing frame for the summer holidays instead of going ON holiday (fraction of the cost).

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  50. very good advice. I would also include recycle everything! I saved all sorts of containers and household 'rubbish' for artwork etc Lin_guest@hotmail.com

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  51. Really useful post. Thank you for sharing !

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  52. Great ideas. Surprising when you put your mind to it, what you can do isn't it?

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  53. coupons ... coupons ... coupons ... !

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  54. Fab tips thank you... I never pay full price for anything

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  55. very useful tips madea great read x

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  56. I've become really into my vouchers and cashback sites since becoming a mum. I love Nectar points too and save them up for the Christmas food shop. Wish I had no debt though :(

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  57. Great tips!

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  58. Great blog, everyone needs to read this for sound budgeting and money saving advice

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