Nerdy Millennial

Top Menu

  • About
  • Contact
  • Write For Us

Main Menu

  • Career
    • Entrepreneurship
    • Blogging
      • Social Media
      • SEO and Keyword Research
  • College
  • Arts & Culture
  • Technology
  • Health and Fitness
    • Nutrition
    • Recipes
      • Baked Goods
      • Breakfast
      • Condiments
      • Dessert
      • Fermented Foods
      • Main Dishes
      • Side Dishes
      • Snacks
      • Soup
    • Keto
    • Vegan
  • Relationships
    • Dating
    • Friendship
    • Parenting
    • Pregnancy & Birth
  • About
  • Contact
  • Write For Us

Nerdy Millennial

Nerdy Millennial

  • Career
    • Entrepreneurship
    • Blogging
      • Social Media
      • SEO and Keyword Research
  • College
  • Arts & Culture
  • Technology
  • Health and Fitness
    • Nutrition
    • Recipes
      • Baked Goods
      • Breakfast
      • Condiments
      • Dessert
      • Fermented Foods
      • Main Dishes
      • Side Dishes
      • Snacks
      • Soup
    • Keto
    • Vegan
  • Relationships
    • Dating
    • Friendship
    • Parenting
    • Pregnancy & Birth
Frugal LivingFeaturedFinancesParenting
Home›At Home›Frugal Living›The 7 Money-Saving Strategies Every Parent Needs to Know

The 7 Money-Saving Strategies Every Parent Needs to Know

By Vanessa Pruitt
August 23, 2020
78
0
The 7 Money-Saving Strategies Every Parent Needs to Know

No matter how “ready” you feel to become a parent, once it happens, you realize there is no amount of preparation to adequately brace you for the total life transformation that comes with a little one. That includes the wonder and love that suddenly fills your soul from here on out, as well as the gut-wrenching moments of emotional struggle that inevitably end with a firm resolve to keep going.

And it also includes the huge financial burden and responsibility of raising a child. It's a difficult path to navigate. We've collected some of the most tried-and-true money-saving strategies for parents to give you a clearer direction in your family's financial journey.

Shop around

With bigger purchases—such as technology or a car—there are plenty of ways to save if you have a little patience, do a little research, and check out all possible options. You might be surprised at how inexpensive it could be to buy gently used items or to wait for good deals to come around. Use a free tool to find the best deals for your online purchases.

All of that said, some things are worth paying full price for. Certain items—like furniture or some tech devices—will be easier on your pocketbook in the long run if you get the quality of brand new, instead of buying second hand and having to pay for a bunch of repairs or a replacement.

Invest in yourself

If you've been wanting to go back to school, or take an online course, or get certified in something, maybe now is the time to do it. Sometimes investing a little time and money in yourself can pay off tremendously. Of course, assess your current budget and the costs, see if you can get help to pay for your education, and calculate the added income you could generate as a result of that education. Much of the time, it will be well worth it. Not only in dollars but also in the satisfaction of working for and achieving a goal.

Plan healthy meals around grocery deals

A little meal and grocery planning can go a long way. Really, add up all the money you spend eating out each month. If you're not already intentionally tackling this habit, you're likely spending much more on food than you need to. Take a look at the deals going on at your local grocery store and plan your weekly meals around the items on sale. And remember, eating healthy, whole foods generally takes less of a toll on your finances, as well.

Speaking of real food, what are you feeding your kids? To reduce spending on baby food, try making your own, or give baby-led weaning a try—both approaches give you more surety of what you're giving your child, too. When it comes to formula, it can also be difficult to feel certain about the ingredients many brands use. Consider organic infant formulas with clean, simple ingredients, so you always know exactly what you're giving your baby (and for a reasonable price, too).

Strike a work-life balance

With today's technology, many parents work from home or are taking up remote side hustles to make ends meet. (And, of course, due to the current pandemic, most of us are working from home right now, even if that's not normally the case.) Whatever your circumstances, the ability to be productive and earn an income while actively parenting at home has become a necessary skill in today's world. T

here are plenty of hacks to give you a boost in this department: stick to a daily routine, accomplish as much as possible while kids are asleep, and set up independent activities to keep them busy during work hours. And when it's time to clock out, have the discipline to put the work away and really be present with your kids. If they have the assurance that you'll make time for them, maybe they won't be as starved for your attention the next time you're on a Zoom meeting.

Make meaningful family memories

Meaningful being the keyword—because, remember, to make a meaningful memory, you don't have to spend much money. In fact, you don't have to spend any money, if you put in a little intention and creativity. Have a family brainstorm and figure out what sounds fun to everyone. You can take it outdoors to a splash pad, a picnic, or a mountain trail. Or you can have some fun at home doing a puzzle, having a cook-off, or building a fort.

Be resourceful

It's amazing the things you can make at home with common household ingredients or items. For instance, did you know hydrogen peroxide makes a terrific cleaner? Add some essential oils, and you'll have your place sparkling and smelling fresh without having to buy expensive name-brand products. There are plenty of ideas to ease parenting with do-it-yourself hacks, too.

Budget and save

Finally, and perhaps most importantly, keep a regular budget to track all your incomings and outgoings. Set financial goals—like paying off your credit card or saving for a vacation—and then make plans to get there. And always set aside a percentage of your earnings to save for retirement and an emergency fund. You'll be so thankful you have it to fall back on when tough times hit.

  • Author
  • Recent Posts
Vanessa Pruitt
Vanessa Pruitt
Vanessa, founder of Nerdy Millennial, is a MS in Clinical Psychology Student and a scholar of Eastern Psychology, Neuroscience, and Nervous System Healing.
Vanessa Pruitt
Latest posts by Vanessa Pruitt (see all)
  • The 7 Money-Saving Strategies Every Parent Needs to Know - August 23, 2020
  • 5 Tips for Successful Online Dating - August 23, 2020
  • Becoming an Online Counselor: The Pros and Credentials Needed - August 13, 2020

Leave a reply Cancel reply

Recipe Rating




Send Me Blog Updates!

You Might Also Like...

  • Easy Vegan Coleslaw Recipe
    FeaturedSide DishesVegan

    Easy Vegan Coleslaw Recipe (No Mayo)

  • Pros and Cons of Online Counseling
    FeaturedMental Health

    The Pros and Cons of Online Counseling

  • 6 Reasons Why Relationships End: Why They Left
    DatingFeatured

    6 Reasons Why Relationships End: Why They Left

  • FeaturedHealth and Fitness

    What is the Difference between Full-Spectrum, Broad-Spectrum, and Isolate CBD

About Nerdy Millennial

Hello, I'm Vanessa

Creator and curator of Nerdy Millennial.

This blog all about millennials sharing their passion, ideas, and expertise about blogging, healthy living, self-improvement, education, parenting, and more!

Interested in contributing? Contact us to pitch your idea or submit an article.

Featured

Frugal LivingFeaturedFinancesParenting

The 7 Money-Saving Strategies Every Parent Needs to Know

No matter how “ready” you feel to become a parent, once it happens, you realize there is no amount of preparation to adequately brace you for the total life transformation ...
  • Becoming an Online Counselor: The Pros and Credentials Needed

    Becoming an Online Counselor: The Pros and Credentials Needed

    By Vanessa Pruitt
    August 13, 2020
  • 4 Steps to Finding the Best Counselor for You

    4 Steps to Finding the Best Counselor for You

    By Vanessa Pruitt
    August 13, 2020
  • Pros and Cons of Online Counseling

    The Pros and Cons of Online Counseling

    By Vanessa Pruitt
    August 13, 2020
  • What is the Difference between Full-Spectrum, Broad-Spectrum, and Isolate CBD

    By Contributing Author
    August 11, 2020
  • How Lack of Boundaries and Dishonored Feelings Affect Your Mental and Physical Health

    How Lack of Boundaries and Dishonored Feelings Affect Your Mental and Physical Health

    By Vanessa Pruitt
    July 24, 2020
  • The Importance of Practicing Gratefulness During Times of Uncertainty

    The Importance of Practicing Gratefulness During Times of Uncertainty

    By Vanessa Pruitt
    July 16, 2020
  • 6 Ways to Naturally Freshen Your Home

    6 Ways to Naturally Freshen Your Home

    By Vanessa Pruitt
    July 14, 2020
  • Ways to Filter Your Facebook Feed and Posts

    Ways to Filter Your Facebook Feed and Posts

    By Vanessa Pruitt
    July 13, 2020
  • Why visit Rome in December

    6 Reasons to Go to Rome in December

    By Vanessa Pruitt
    July 6, 2020

    Join Us on Facebook

    Latest Comments

    • Turn Your Love of Fitness Into a Career
      on
      November 26, 2020
      […] you might want to consider getting into some sport professionally, or even just on a ...

      9 Ways to Turn Your Fitness Into A Career

    • https://apnews.com/article/7799dc8a7083f61bb1c9f1f3dba8c30a
      on
      November 25, 2020
      Trackback [...]https://apnews.com/article/7799dc8a7083f61bb1c9f1f3dba8c30a

      Are Pre and Post Workout Supplements Worth It? 3 Questions to Ask Yourself

    • Dr. Oz Answers
      on
      July 23, 2020
      Trackback [...]Dr. Oz Answers

      Are Pre and Post Workout Supplements Worth It? 3 Questions to Ask Yourself

    • Some Careers That Challenge You Each Day - CareerAlley
      on
      June 9, 2020
      […] development might not be about saving lives but it’s certainly a career that challenges you ...

      How To Build On Your Career

    • 4 Surprising Benefits of Using Instagram for Your Business - Atelier Magazine
      on
      June 3, 2020
      […] More brands are combining Instagram approaches into their marketing strategies, and it leads to business ...

      A Guide to Creating Your Instagram Strategy

    Flickr

      • Home
      • About
      • Contact Us
      • Write For Us
      • Comment Policy
      • Privacy Policy
      • Terms of Use
      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
      Cookie settingsACCEPT
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled

      Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

      Non-necessary

      Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

      SAVE & ACCEPT