3 Great Money Tips for Families with Kids

Every parent knows how tough it can be to have a financial plan when children are in the mix. Try these tips that are guaranteed to save you time and money, and help you set a good example to boot.

1. Fun for free. With a little creativity, you can save a lot on entertainment and leisure. Check out your city’s community calendar for free events and activities, and visit your local library for books, movies, and passes to popular attractions. Find out when that cool museum offers a free day for everyone, and plan dinners out for kids eat free nights instead of weekends. Schedule a staycation, visit nearby towns and have adventures in public parks.

2. Budget for teachable moments. Create a budget by identifying your priorities. For example, is a love of travelling something you want to share together? Try eating more meals at home to save up for trips. The important thing is that you stick to your budget — that way, as the kids get older you can teach them to do the same and show you practice what you preach.

3. Direct deposit. Receive your Canada Child Benefit, GST/HST credit, and other tax-related payments straight into your bank account by signing up for direct deposit. It’s the fastest, safest and greenest way to get your payments. Direct deposit means you won’t need to go to the bank to cash your payments, making it perfect for busy on-the-go families. Sign up for direct deposit by visiting your financial institution or go to directdeposit.gc.ca for more information.

SOURCE: www.newscanada.com