Sep 19 2008
saving tips from the experts: tax and child-care savings
Thanks to Stacy Francis (see here) for the additional tips!
The government gives you a small credit when you become a parent. You can get additional exemption and new child tax credit which will save you extra cash. Parents who use day-care also receive about $500 in savings annually. So take a minute and log on to your states government website to see what Uncle Sam can do for you.
Saving doesn’t always have to be difficult, and it is certainly not impossible. If you and your family are creative you can find many ways to afford everything you need to and still enjoy life. So don’t get discouraged and feel that expanding your family with children will only be a financial burden. There are solutions to help a growing family financially if you become savvy and know where to look.
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