Saving Money

Family finance tips

At Gerber Life we know the value of a hard-earned dollar. And when you're raising a family, it becomes even more important to stretch that dollar as far as it can go to help you save money. Our family finance tips can help you make smart decisions for spending your money as well as help you make use of opportunities to save it. Whether it's clipping coupons before grocery shopping or throwing a do-it-yourself (DIY) children's birthday party, our family finance tips can help you think outside the box so that you can save money.

  1. Family Vacations on a Budget

    mother and son in backyardIsn’t it funny how the entire concept of summer vacation tends to change when you’re the one who has to plan – and pay – for it?

    School’s out, your kids want to do something fun, and so do you. If you believe the hype, it seems like the best opportunities cost too much money or involve travel—another luxury. Don’t worry, it’s easy to find tons of fantastic adventures that are affordable, and right in your own backyard.

    Here are five suggestions that can help you spend quality time with your kids this summer without breaking the bank.

    Comments are off for this post
  2. Six Financial Must-Do’s After You Say “I Do”

    Newlywed couple in carYou’ve tied the knot and committed to spending the rest of your life with another person, through sickness and in health. Now that the festivities have subsided, it’s time to start working on combining your life with your partner’s. There are a lot of things to consider, especially when combining finances.

    Here’s our six-step recommendation for newlyweds:

    Comments are off for this post
    Categories: Saving Money
  3. Money Lessons that Grow with Your Child

    teaching kids about moneyAs a parent, you want your child to grow up to become a financially savvy adult who knows how to be responsible with his or her money. Learning how to manage money is a critical life skill, and so it’s never too early to start teaching your child about finances.

    However, managing finances as an adult can be daunting, and introducing kids to financial management may seem even harder or more intimidating. Our Gerber Life “Age-by-Age Guide” is designed to help parents turn daily activities into opportunities for teaching kids about money. Ages shown are approximations, since each child develops and learns at different rates.

    Comments are off for this post
    Categories: Saving Money
  4. Weighing Your Options: Renting vs. Buying a Home

    Couple holding keys from new homePerhaps the biggest financial decision we make in life is whether to buy or rent a home, be it a house, townhouse, condo, co-op or multi-family dwelling. It is not a decision to be taken lightly and it involves numerous factors, including for new or expecting parents who may need more space and are looking to provide stability for a growing family.

    Every family’s situation is unique. There isn’t a one-size-fits-all answer. When deciding between renting vs. buying a home, and the timing, start by asking yourself the following questions:

    • How long do I plan to live in this location?
    • What are my future plans, both short-term (within the next 5 years) and long-term (five or more years from now)?
    • Do I have enough money to buy a home or would I need to get mortgage financing, and do I have enough additional money to cover expected and unexpected expenses?
    Comments are off for this post
    Categories: Saving Money
  5. How to Start Building Financial Security for Your Growing Family

    Mother paying for groceriesThe joys of becoming a parent and moving from “me” to “us” and “we” can be an incredible moment for many people. Along with the joys of new parenthood comes a growing sense of responsibilities, some of them obvious. Your newborn needs constant care – the need to be fed and bathed and looked after at all times. Other responsibilities can be less obvious, such as the importance of financial and estate planning.

    As your family grows, financial security becomes more of a priority as you aim to make sure that your loved ones have money to meet basic needs, no matter what happens to you.

    Here are three ways to start building family financial security:

WB-TPT-S (1015)