10 Tips for Parents on How to Save Money for the Future
1. Save coins that you have left over at the end of each day and each month. You can put the coins into a piggy bank or even a small jar. You can deposit the coins into your bank account to save money each year long term.
2. Try to shop at second hand stores and pawn shops since they are much cheaper prices. This will help you save large amounts of money each year. You won’t be paying retail prices on better items most of the time when shopping at second hand stores.
3. You can buy used books for you and the children since it will save additional money each month. A good place to pay cheap prices for books is from yard sales and library sales. You can always look around on some auction sites on the Internet too. The library often has sales each year with great prices when they sell some of the older books.
4. Clearance sales enable you to save even more money each month. Clearance sales have prices that are cheaper than regular retail price at stores. They usually put clothes on clearance when they are trying to get other clothes in for the new season.
5. You can get a college plan available with your state where you pay in a certain amount of money for tuition each year for college in advance. Make sure to read the terms and conditions before signing up for any college plan that you have to pay in advance. The college programs usually help you save money since it is an guaranteed price rate.
6. You can get a timeshare to save money. A timeshare enables you to save money when you travel each year. You can get luxury vacations for a reasonable price. Check out the terms and conditions and fees before signing the paperwork. There a variety of different timeshares to choose from so make sure to check around for the best one.
7. Buy a used motor vehicle instead of a brand new vehicle. We know that most everyone wants to have the luxury features that comes with a brand new vehicle, but a few years older vehicle can have just as nice luxury features too that costs less. Make sure to get the vehicle checked out by a reliable mechanic before you decide to purchase it.
8. Sign up for a savings account that has a five percent interest rate. You want your money to make more money the longer that it sits there each year. You can increase the balance in the savings account each year and watch the balance grow even more due to the interest rate.
9. Get a checking account that has rewards for each dollar that you spend through out the year and that has an excellent interest rate. This will help you save money by getting rewards at the end of the year and earn a bit of extra cash by the interest rate.
10. Save money each year by learning how to do a little bit of auto mechanic work. You can save money by putting on your own windshield wipers and changing your own brakes on your vehicle. Make sure that you are certified as a auto mechanic before you try to change your own brakes. It is a good idea to always have a professional mechanic friend helping you in the process too.
