Motivational Speaker

Book me to speak at your event

Gabby Bows


Family Living Savvy

Top Financial Tips For Starting A Family

Right now family budgets are under extreme pressure. From the rising cost of rent and medical care to falling wages and living standards. For young people, the economic reality is not great.

As a result, many people are putting off family life. It’s not by choice: people still want to have their own families. It’s just that economic realities have set back their plans until well into the future.

Incomes right now aren’t where they should be. That might explain why we’ve seen the rise of lenders like the Personal Money Store who cover the shortfall.  

It might seem to like a richer future is well outside of our reach. But the trick is to start planning now and start taking action if we want a family of our own. Here’s how.

Consider Baby Proofing Costs

The costs of babyproofing are usually quite high. You have to buy in all sorts of specialist equipment for your child. And usually, it’s all useless (unless you have another child) after a couple of years. Big ticket items include car seats, a nursery, and cribs. But don’t forget that the smaller costs can add up.


Thankfully, there’s a big second-hand market for baby items on sites like eBay. You can avoid paying over the odds for big ticket items by watching out for bargains on the things you need in the run up to having your first child.

Budget For New Expenses

Parent’s don’t have kids because of their economic value. They have them to bring joy and purpose into their lives.

Babies can be very expensive. That’s why it’s worth looking closely at your budget and working out how much less money you’ll have by the end of the month including new costs. The cost of diapers, baby formula clothes, and laundry detergent, can all add up significantly.

Join A Warehouse Club



You’ll be amazed and just how quickly a new child can get through things like diapers. You’ll end up going to the regular store more often than you would like. And you’ll end up wishing that there was some other way you could buy items in bulk.

That’s where joining something like a warehouse club can come in handy. Sam’s, Costco and BJ’s all require you to fulfill certain membership requirements. But if you do, you’ll be able to access discount products in bulk. And that is a surefire way to make sure that your budget isn’t devastated by the costs of looking after a baby.

Just be careful though when you visit the warehouse club. Don’t be tempted to buy bulk items you won’t actually end up using. It might seem like a good deal on the shelf, but you have to be able to extract some value from it.

Review Health Insurance Costs

Your health insurance was no doubt sufficient for your personal use. But now you have a family, is it enough? Remember, babies are much more likely to need to use medical services than either young children or young adults. So you’d expect the prices to be higher.

Higher health insurance costs are, in turn, going to impinge on your family’s budget. Make sure that you review your policy and your options and find a solution that is a good compromise for everyone.

Prepare For Childcare

The government says that inflation is running at less that 2 percent right now. But it looks like the child care sector didn’t get the message. Childcare costs have risen substantially over the last decade. Now the average family can expect to pay upwards of $755 a month according to BabyCenter.



Don’t lose heart. You do have some options. You may be able to take advantage of company daycare or discounts through your work. You may also be able to get the costs down through nanny-sharing. Finally, if you or your partner has flexible working, you could split up the day so that there is always one of you able to take care of the child.

Check Parental Leave

Most companies offer some sort of paid parental leave. But often the pay isn’t as good as if you were actually at work. That means that you need to plan ahead and start saving now to cover the shortfall in your income.

Consider Entitlements

Many Americans don’t realize that when they start a family, they are entitled to relief from the State. Your local tax advisor will be able to give you more details, but programs include the Dependent Care Tax Credit, which reduces your tax burden.


Previous Post Next Post

You may also like


  • Reply keychainswithnames

    I have been browsing online more than 3 hours today,
    yet I never found any interesting article like
    yours. It’s pretty worth enough for me. In my view, if all web ownerrs annd bloggers made good content as you did,
    the weeb will be a lot more useful than ever before.|
    I couldn’t resist commenting. Exceptionally well written!|
    I’ll immediately grasdp your rss feed as I can’t to find
    your e-mail subscription link or newsletter service.
    Do you have any? Kindly let me recognize in order that I may subscribe.

    It’s perfect time to make some plans foor the future and it is time to bbe happy.
    I have read this post and if I could I wish to suggest you few interesting things or tips.
    Perhaps you could write next articles referring to this
    article. I want to read even more things about it!|
    It’s appropriate time to make some plans for the long run annd it is time to be happy.
    I have read this put uup and if I could I desire
    tto suggest you few interesting things oor advice.
    Maybe you can write subsequent articles referring to this article.
    I desire too read even more things approximately it!|
    I’ve been brlwsing online greater than 3 hours these days,
    yet I by no means discovered any attention-grabbing article like yours.
    It is beautiful prfice sufficient for me. In my view, iff all website owners and bloggers made jut right content mmaterial ass you
    probably did, the internet will probably be much
    more helpful than ever before.|
    Ahaa, its pleasant discussion concerning this post here at this weblog, I
    have read all that, so now me also commenting here.|
    I am sure this paragraph has touched all the
    internet users, its really really fastidiuous article on building upp new weblog.|
    Wow, this paragraph is good, my sister is analyzing these things, therefore I
    aam going to inform her.|
    bookmarked!!, I really likie your site!|
    Way cool! Some very valid points! I appreciate you penning this write-up plus the rest of the website
    is also really good.|
    Hi, I do believe this is a gteat website. I stumbledupon it 😉 I’m going to revisit
    once again since I book marked it. Money and freedim is the greatest way to change, may you bee rich
    and continue to help other people.|
    Woah! I’m really digging the template/theme of this blog.
    It’s simple, yet effective. A lot of times it’s
    hard to geet that “perfect balance” between usability annd visual appeal.
    I must say that you’ve done a fantastic job with this.
    Additionally, the blog loads extremely quick for me
    on Opera. Supeb Blog!|
    These are really fantastic ideas in regarding blogging.
    You hve touched some nice factors here. Any wway keep up wrinting.|
    I really like what you guys tend to be up too. This type of clever work and exposure!
    Keep up the superb works guys I’ve added yoou guys to
    my personal blogroll.|
    Hi there! Someone in my Facedbook group shared this site wikth us so I came to check it out.
    I’m definitely loving the information. I’m
    bookmarking and will be tweeting this to my followers!
    Wonderful blog and superb design.|
    I like what you guys are up too. This sort of clever work and exposure!
    Keep up the excellent works guys I’ve included you guys to my own blogroll.|
    Hello would you mind sharing which blog platform you’re working with?

    I’m planning to start my own blig soon but I’m having a hard
    time chosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different then mostt blogs and I’m looking for something completelky unique.
    P.S Sorry for getting off-topic but I had to ask!|
    Hey there would you mind letting me kknow which hostjng compaany you’re using?
    I’ve loaded your blog in 3 different internet
    browsers and I must say this blog loads a lot quijcker then most.
    Can you suggst a good internet hosting provder at a reasonable
    price? Thanks, I appreciate it!|
    I like it when individuals come together annd shae thoughts.
    Great site, kewep it up!|
    Thank you for the auspicious writeup. It in fact was a amusement account it.

    Look advannced too far added agreeable from you!
    However, hhow can we communicate?|
    Hi there just wanted to give you a quick heads up. The words in your post seeem to be running
    offf the screen in Chrome. I’m not sure iif tthis is a formatting issuee or something to do
    with internet browser compatibility but I thought
    I’d post to let you know. The design and style look great though!

    Hope you get the issue fixed soon. Kudos|
    This is a topic which is near tto my heart… Many thanks!
    Exactly where are your contact details though?|
    It’s verry easy to find oout anyy matter on net as compared to books, as I
    found this post at this website.|
    Does your website have a contact page? I’m having problems locating iit but, I’d like too shoot you an email.
    I’ve got sone creative ideas for your blog you might be interested in hearing.
    Either way, great blog and I look forward to seeing it improve over time.|
    Hi! I’ve been reading your site for some time now
    and finalky got the bravery tto go ahead and give you a shout out from Kingwood Texas!
    Just wanted too say keep up the great job!|
    Greetings from Florida! I’m borerd at work so I decided to check out your site on my iphone during lunch break.

    I love the info you privide here and can’t wait to take a look when Iget
    home. I’m surprised at how fast your blog loaded on my cell phone ..
    I’m not even using WIFI, just 3G .. Anyhow, fantastic blog!|
    Its such as you learn mmy thoughts! You seewm to understand so
    much approximateely this, likke yyou wrote the e-book in it orr something.
    I believe that you can do with a few percent to force the message hoouse a ligtle bit, however instead off that, thjs is great blog.
    A gteat read. I’ll certainly be back.|
    I visited various websites but the audio feature for audio songs present at
    this web site is really fabulous.|
    Howdy, i rewd your blog occasionally and i own a simlar one and
    i waas just curious iif you get a lot of spam responses?
    If soo how do you stop it, any plugin or anything you can advise?

    I get so much lately it’s driving me mad
    so any help is very much appreciated.|
    Greetings! Very helpful advice within this post!
    It is the little changes that will make the biggest changes.
    Thanks a lot for sharing!|
    I rezlly love your site.. Great colors & theme.
    Did you build this website yourself? Please reply back
    as I’m plannig to create my own blog and would like tto find out where you got this
    from or just what the theme is named. Cheers!|
    Hello there! This post could noot be writtesn any better!
    Reading through this article reminds me of my previous roommate!
    He constantly kept preaching about this. I am going to send this article to him.
    Fairly certain he’ll have a good read. Thank you for sharing!|
    Amazing! This blog looks exactly like my old one!
    It’s onn a totally different topic but it has pretty mucch the same layout and design.
    Superb choice oof colors!|
    There is certainly a great deal to find out about
    this subject. I love all the points you’ve made.|
    You’ve made some really good points there. I checked on the net for more information about the issue and found most
    people will go along with your views on this web site.|
    What’s up, I log on to your blogs regularly.
    Your writing style is awesome, keep doing what you’re doing!|
    I simply couldn’t depart your site prior too
    suggesting that I extremely enjoyed the standard
    info an individual supply for your guests? Is gonna
    be back frequently in order to inspect new posts|
    I wanted too thank you for this fantastic read!! I certainly loved every bit of it.
    I’ve got you book-marked to look at new stuff you post…|
    What’s up, just wanted to mention, I enjoyed this post.
    It was helpful. Keep on posting!|
    Hi there, I enjoy reading all of your article post. I like to
    write a little comment to support you.|
    I constantly spent myy half an hour to read this web
    site’s posts eevery day along with a mug of coffee.|
    I always emailed this website post ppage to all my contacts,
    foor the reason that if like to read it then my contacts will too.|
    My coder is tryig to persuade me to move to .net from PHP.
    I have always disliked the iidea because of thhe expenses.
    But he’s tryiong none thhe less. I’ve been using
    WordPress on variious websites for about a year and am anxious about switching to another platform.
    I have heard fantastic things about Is thedre a waay I cann import all my wprdpress content into it?
    Anyy help would be really appreciated!|
    Hi! I could have sworn I’ve been to your boog before butt after going through a few of tthe
    articles I realized it’s neew to me. Anyways, I’m certainly pleased I found iit and I’ll be
    book-marking it and checking back regularly!|
    Wonderful work! Thhat is the kind of info that should be shared across the
    internet. Shame on Google for no longer positioming this
    publish higher! Come on over and visit mmy web site . Thanks =)|
    Heya i am for the first time here. I came across this board and I finbd
    It really useful & it heped me out a lot. I hope to give something backk and aid
    others like you aided me.|
    Hello there, I do believe your site may be having web broser compatibility issues.
    When I take a look at your website inn Safari, it looks fine however when opening in IE, it has some overlapping issues.
    I simply wanted to give you a quick heads up!
    Besidss that, great site!|
    Someone essentially assist to make significantly posts I might state.
    Thhis is the first time I frequented your website page annd to this point?
    I surprised with the analysis you made to make this actual post amazing.

    Great process!|
    Heya i’m for the primary tie here. I came across this board and I inn finding
    It truly seful & it helped me out a lot. I’m hopinjg to ogfer something back and aid others like you aided me.|
    Hi! I simply want to offer you a huge thumbs up for your great info you’ve got here on this
    post. I’ll be coming back to your web site for more soon.|
    I every time used to read paragraph in news papers but now as
    I am a user off web so from now I am using net for articles or reviews, thanks to web.|
    Your way of telling everything in tbis pidce of writing is genuinely pleasant, every one be able to easily be aware of it, Thanks a lot.|
    Hello there, I found your website via Google whilst searching for a comparable
    matter, your site came up, it seemjs to be great. I
    hace bookmarked it in my google bookmarks.
    Hello there, sijmply changed into aware of your blog thru Google, and located that it’s really informative.
    I am gonna watch out forr brussels. I’ll be rateful in case you
    proceed this in future. Lots of people can bee benefited from
    your writing. Cheers!|
    I’m curious to find out what blog pplatform you happen to be working with?
    I’m experiencing some small security iasues with my latest website and I’d like to find something more safe.
    Do you have any suggestions?|
    I aam extremely impressed with your writibg skills and also with the
    layout on your blog. Is this a paod theme or did you modify it yourself?
    Anyway keep up the excellent quality writing, it iis rare
    to see a nice blog liie thus one nowadays.|
    I am extremely inspired with your writing abilities and also with
    the layout foor your weblog. Is that this a paid subject
    matter or did you modify it your self? Either way stay up the nice
    high quality writing, it is uncommon to see a nice blog lioke this oone today..|
    Hello, Neat post. There’s a problem along with your site in internet explorer, might check this?
    IE still is the market chief and a good part of other folks will leave
    out your wonderful writing due to this problem.|
    I’m not sure where you’re getting your info, but good topic.
    I needs to spend some time learning much more or understanding more.

    Thanks for excellent information I was looking for this information for my mission.|
    Hi, i think that i saw you visited my site thus i came to “return the
    favor”.I’m trying to find things to improve my site!I suppose its ok to use some
    of your ide\

    July 14, 2016 at 9:35 pm
  • Reply Kill

    Its like you read my mind! You seem to grasp so much approximately
    this, like you wrote the e-book in it or something.
    I think that you simply can do with a few p.c.
    to power the message home a bit, however other than that, that is magnificent blog.
    An excellent read. I will definitely be back.

    September 5, 2016 at 3:47 pm
  • Leave a Reply