Welcome to Parent Hub

Family Finance

Tips for a thrifty parent

Although the notions of saving money and parenting don’t always go together naturally, we need to save at some point. It’s not always easy to be frugal but there are some amazing stories on the web of family savings to inspire a bit of thriftiness in everyone. Take Katie Musgrave , mum of three, who managed to go for an entire year without buying anything new. Her story is inspiring and she explains that the savings made meant her family could go on their first ski holiday. With the Christmas...

25 ways to entertain the kids this summer for less

Summer is an exciting time for kids and adults alike, as it often means jetting off to an exotic location on holiday, having some much needed time away from the hum drum of everyday life or making the most of our unpredictable British weather. However, it can also be an expensive time for parents with six weeks to fill with activities to keep the kids occupied. This becomes even more costly if you have more than one child, and can be difficult to fund if you’re a single parent or a low income...

Planning for your children’s future

It seems that every week there is another news story about the financial woes of the so-called millennial generation (and how they only have themselves to blame). If this is a continual pattern for future generations, how will your children fare? You can safeguard your child’s financial future by setting aside a little money for them (if you can afford it), by teaching them about savings and investments, or by making sure they are provided for should you or your partner die. Child savings...

Cut your costs this Easter break

If the thought of keeping your kids entertained for more than two weeks over Easter sounds daunting and expensive, then we’re here to help. We’ve rounded up our favourite low cost activities and money-saving tips to help you save this Easter! 1.     Save up to 60% off rail fares Pay less going out on a family adventure by train with the Family & Friends Railcard . The railcard gives you a third off for adults and 60% off for kids on most rail fares. Plus it can be used for up to 4 adults and ...

Here’s why you may be financially better off with Childcare Vouchers

Update: Since this article was originally published the government has extended the deadline to join a Childcare Vouchers scheme to October 2018. The precise date in October is yet to be confirmed by HMRC. All other information provided in this article remains relevant.   As you’re probably aware, your childcare funding options have changed. The government have rolled-out a new scheme called Tax-Free Childcare (TFC). As a result, Childcare Voucher schemes will be closed to new joiners from 6 ...

Help working parents save up to £933/year on childcare – before it’s too late!

Update: Since this article was originally published the government has extended the deadline to join a Childcare Vouchers scheme to October 2018. The precise date in October is yet to be confirmed by HMRC. All other information provided in this article remains relevant.   Many families could lose out on up to £933/year in childcare savings if they miss the deadline to join Childcare Vouchers in April 2018. Help other working parents by making sure they know about the changes. What’s changing?...

Childcare Vouchers vs. Tax-Free Childcare – who are the winners?

Update: Since this article was originally published the government has extended the deadline to join a Childcare Vouchers scheme to October 2018. The precise date in October is yet to be confirmed by HMRC. All other information provided in this article remains relevant.   Childcare Vouchers will be closed to new joiners from 6 th April 2018 and replaced by Tax-Free Childcare (TFC) from the government. However, as This Is Money flagged , many families will be better off on the existing Childca...

Save more money in 2018

Did you know 80% of New Year’s resolutions fail by February? But how about a resolution you can easily keep? Save more money in 2018. There are plenty of really simple ways you can save money on everything from your supermarket shopping to your favourite fashion brand. We’ve rounded up our top 5 easiest ways to save big this year. 1. Know where your money goes.  Take a glance over your 2017 incomings and outgoings; identify if there’s anything you’re paying for that you shouldn’t be or don’t...

Hey big spender!

A sobering fact as we head for peak spending season, one in three of us will get into debt over the Christmas period, half of whom will spend the following year paying it off.  This is bad news for many families across the UK already feeling the impact of the living standards squeeze.  At the same time, we are a nation sorely in need of cheer during this period of political turmoil. So what advice do experts have to avoid a financial hangover and ensure all the family has a good time this...

Autumn Budget 2017

Autumn Budget 2017: what it means for working families Last week Chancellor Phillip Hammond revealed the Government’s plans for the country’s finances in the 2017 Autumn Budget. But what does the Budget mean for working families? We’ve rounded up some of the highlights that could affect you.   Stamp duty abolished for first-time buyers If you’re yet to climb onto the property ladder, you’ll be pleased to hear that stamp duty no longer applies to you on properties up to £300,000. For propertie...

Quick and easy homemade Halloween costume ideas for kids

Decking your kids out in the best looking fancy dress for Halloween is every parent’s wish. But with the cost of living high and wages low, it’s easier said than done. All large supermarkets stock various costumes from just £5 and there are also loads of make-your-own ideas online that’ll save you money and get your kids being creative. Here are some ideas for quick, easy and low cost costumes you can make at home this Halloween 1.      The Halloween cat : It requires just a few simple pieces...

How to teach kids the value of money

How to teach kids the value of money from pocket money to part-time jobs It is important that children recognise the value of money and understand that it is not an unlimited resource which can be blown on one occasion. They can learn how to be responsible with money. Giving them the freedom to manage their own budget when they get old enough will teach them valuable lessons about only spending what they can afford and avoiding the pitfalls of unplanned expenses. 1.       Pocket money and...

Is the cost of childcare impacting your work?

Is the cost of childcare impacting your work? With childcare costs rising year on year and wage growth hardly increasing there’s more pressure being put on parents to save money by forgoing the babysitters and afterschool clubs and cutting time out of work to drop the kids off at school, pick them up or if they’re young then stay at home and look after them. This isn’t just an isolated issue, according to a recent survey by the British Chamber of Commerce, over a quarter of employers have see...

What help can working parents get from the Government?

Working Tax Credits Depending on circumstances and income levels, some families may be able to claim Working Tax Credits. The requirements for Working Tax Credits include being 25 and over or 24 and under but with children or a qualifying disability, your earnings and hours worked are also taken into account.    Working Tax Credits are a ‘top up’ for your earnings and the basic amount is up to £1,960 a year however more or less is given depending on your circumstances. If you have children, p...

Schools can help parents make childcare savings

If your child’s school chooses to accept Childcare Vouchers they can help working parents enjoy big savings on their childcare costs, reducing their bill by up to a third. The can be used to pay for out of school clubs These valuable savings are not just restricted to parents of preschool children (under five years old).  Tax exempt Childcare Vouchers can be used to pay for out of school clubs for children up to the 1 st September following their 15 th birthday or 1 st September following the...

Pay your childcare provider with your mobile

If you have Edenred Childcare Vouchers you can easily pay your child carer direct simply using your smartphone, making it even easier for parents to use. Busy mums and dads can quickly access their Childcare Vouchers account on the go, through their smartphone or tablet. They can view their Childcare Vouchers statement and they can choose to make a payment to a child carer with the touch of a button - just like internet banking. Please note, standing orders on your account can only be managed...

Ten tips to help you save money this Christmas

Christmas is coming soon and for families it’s one of the most expensive times of the year. Here are 10 tips to help your money go further this year. 1. Make a list and check it twice . Impulse buying at Christmas is never a good idea for the bank balance. Make lists before you shop and stick to it. It’ll speed up your shopping too, so you’ll save time in the shops! 2. Simply buy only what you need. Christmas gatherings are great fun, but they can be expensive and food is often wasted as most...

Warning to parents: employing nannies or other carers may come at a cost

Did you ever imagine when you engaged someone to look after your child that you would become responsible for their tax, NI and now pension? I’ve been talking with parents that directly employ someone to care for their child and have discovered many feel confused and anxious about their responsibilities. So we’ve produced a guide to your pension responsibilities in a nutshell. What’s new? New legislation came into effect 1 st June 2015 requiring anyone employing a carer to enroll them into a...

Cradle to School: What are the political parties promising working parents?

Countdown to the General Election 2015 has begun.  As working parents we want to vote for the party that will provide the best opportunities for our children and support family life. Cutting through the spin to work out what each party is promising can be time consuming.  We’ve done the leg work for you summarizing where the main political parties stand on Childcare and Education. Childcare The rising cost of childcare coupled with static wages continues to impact many families. It comes as n...

School fees plans

School fees plans are designed to help parents and guardians pay school fees. They often come with some measure of protection for your investment (referred to as ‘structured plans’) and can be tailored to your individual circumstances and needs. How school fees plans work TOP TIP School fee plans can be attractive investments – but you should always talk to a financial adviser before you commit. School fees plans are a way to save that is usually promoted as tax-efficient, and usually offers...