Save on childcare
1) Get childcare vouchers
These are part of a government scheme which can save each working parent over £1,195 in childcare costs every year. In a nutshell, the scheme allows parents to sacrifice some of their gross (pre-tax) salary in return for vouchers which can be put towards the cost of childcare. Both parents are allowed to get a maximum of £243 worth of vouchers every month.
2) Join a babysitting circle
A good way to save money on childcare is to set up or join a babysitting circle with friends who also have young children.
By trading babysitting duties with each other, you could save £20 or £30 every time you want a night out.
Get a free guide to Child Trust Funds
Watch our video guide on how to cut the costs of having a baby.
Still concerned about your childcare costs? Why not ask a question using our Q&A tool? You may find that other members of lovemoney.com have experiences they can share which will help you.
Next task: Save on childcare
Register now to adopt this goal and offer tips!
Retweet
Comments (
Facebook
3
Love