Raising kids is one of life’s greatest joys. It’s also one of the most expensive. Think about how much you fork over for the cost of daycare every month and you’ll know what I mean. With rising prices, it’s getting more and more difficult to find ways to save on daycare.
A study by Care.com found that almost half of families in the US are spending at least 15% of their income on childcare costs. But what’s interesting is that the US government defines “affordable care” as 7% or less of household income.
So how can you save on daycare to make it more affordable? It depends on where you live, whether you have family nearby, and how old your kids are.
Saving money on daycare is possible. Here’s how to do it.
Continue reading “26 Smart Ways Parents Can Save Money on Daycare”
Rachel from Chicago has a question about saving up for her home down payment.
My husband and I are trying to save for a down payment on a house. We are pretty good at living within our means.
Any advice on how to make this easier, smarter, more fun?!
Continue reading “10 Simple Steps to Save Up for Your Next Home Down Payment”
When we’re pursuing financial independence, we need to discover the right savings rate for our family. This is something that Nicole and I have had a lot of conversations about. How much is too much to save? And how little is too little to save?
I invited Scott Rieckens on the show because he’s been on a very similar (big-screen, public) path with his wife, Taylor. Scott is a 2-time Emmy nominated filmmaker, Executive Producer, and Co-Star of a new documentary called Playing with FIRE. This is a documentary that uncovers the growing community of frugalists, mustachians and valuists choosing a path to financial independence and early retirement.
Continue reading “Finding the Right Savings Rate for Your Family’s Financial Independence – with Scott Rieckens”