Let’s face it, parenthood is expensive. You’ve got unexpected medical bills, child care costs and household bills to worry about, not to mention the cost of entertaining the kids during the school holidays. So how can you juggle the costs associated with raising a family, while also finding money saving opportunities along the way?
Whether it’s taking advantage of your health insurance policy, keeping your eyes peeled for credit card reward perks, travelling smart or being more energy efficient around the house, it all comes down to research, planning and perseverance.
1) Opt for a health insurance policy that rewards gym junkies
A lot of people don’t realise that some health funds will cover the cost of your gym membership. You don’t actually have to be a “gym junkie” to take advantage of this, but if you hit the gym a few times per week for a little down time anyway, then why not get rewarded for it?
Depending on the provider, and the type of extras cover you’ve chosen, you could be claiming back around $200 of your gym membership costs. Some funds will also offer you discounted rates, like HCF, which offers customers 10% off when they sign up with Fitness First.
So if you’re thinking about taking out extras cover for your family, consider signing up with a provider that rewards you every time you break a sweat.
2) Earn reward points at the movies
Heading to the cinema can be expensive, especially when you’ve got the kids in tow, so having a few money-saving hacks up your sleeve can go a long way.
If you buy an Event Cinemas or HOYTS movie voucher online or in store, you can earn points for every dollar you spend. For instance, Woolworths Rewards members can earn 1 point per dollar spent on Event Cinemas and HOYTS e-gift cards.
Also, if you sign up to the the HOYTS Rewards program, you’ll be eligible for discounted tickets and Candy Bar promotions (why not treat the kids if they’re on holidays?). You can also join the HOYTS Silver program for $13 p.a. to receive 10% back on eligible purchases.
3) Don’t exchange money at the airport or your hotel
If you’re heading on a family trip, don’t exchange your money at the airport or at your hotel. These are convenient locations so many travellers won’t make the effort to go any further. Because of this, most exchange counters at major airports and hotel chains will offer very poor exchange rates, which means you could get ripped off and end up with less money in your pocket.