Is there a secret formula for raising children without spending a massive amount of money? The good news is that, yes, there are reasonable, effective ways to raise one or more kids without having to take two full-time jobs or lose your mind in the process. Consider that mothers and fathers have been creating and building families since human beings have roamed the planet, so there must be an approach that works.

While there might not be any secrets, tricks, or magic formulas, there are solid, time-tested tactics that are grounded in reality and have endured for many years. For so many dads and moms, the central strategy is budgeting, which includes eliminating wasteful spending habits and boosting income whenever possible. Additionally, parents need to know how to finance college if they want to help youngsters graduate without a significant amount of debt. Here are some of the most powerful tools for parents who want to raise young adults but don’t have the desire or ability to make a huge financial commitment in order to get excellent results.

Be Smart About Paying for College

Sending kids to college can be a traumatic move for moms and dads who want the best for their kids. Education, regardless of its current high cost, still represents one of the best investments of all. Fortunately, you can choose to help your children by taking advantage of Private Parent loans that offer low rates and allow you to take on some or all of the financial burden of paying for college. That’s one reason that so many people decide to apply for Earnest parent loans, an option that gives fathers and mothers the ability to get great rates and select the amount of funding they want to put in their own names on the loan contract.

Explore Homeschooling Options

As an alternative to public grade schools and high schools, homeschooling is a winning option. Most homeschoolers outperform their counterparts in both public and private institutions. Plus, if you choose to homeschool, you have complete control over the choice of books and curriculum and are not at the behest of local school boards. Finally, compared to the cost of private education, homeschooling is a low-cost approach that can deliver excellent results for a fraction of the price.

Learn Sensible Budgeting

The basis for raising a family in an economical way is to commit to living within a reasonable budget. It’s important to begin by knowing where you stand in terms of income and expenses. Strive to set up a regular savings plan, set limits on spending categories, and account for every dollar that comes in via paychecks, tax refunds, or any other source. Use one of the many no-cost budgeting apps available from reliable online websites. A helpful first step for making a detailed budget is to track spending for one month. This kind of financial snapshot can offer valuable information when it comes time to focus on eliminating excess spending. Keep in mind you can still enjoy your life. There are so many cheap travel hacks or strategies for saving for large purchase that you can still enjoy, just be sure to budget them into your overall plan.

Eliminate Wasteful, Costly Habits

What’s the best way to cut down on waste in a budget? See how much you currently spend on things like alcohol, tobacco, dining out, taking trips, etc. The vast majority of people who are honest about their spending habits discover that they can make several major cuts without much sacrifice at all. A tactic that can assist parents who want to rein in overspending is to make shopping lists before heading to the grocery store. Consider also making meal plans one week in advance so you’ll be able to shop with confidence and know how much of each item to purchase. Avoid shopping in between weekly trips, and never go to the store without a list in your hand.


Northern girl Laura is the epitome of a true entrepreneur. Laura’s spirit for adventure and passion for people blaze through House of Coco. She founded House of Coco in 2014 and has grown it in to an internationally recognised brand whilst having a lot of fun along the way. Travel is in her DNA and she is a true visionary and a global citizen.

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