5 Ways To Save On Childcare Costs

5 money saving tips to reduce childcare cost

1. Make sure you register for childcare vouchers

If your employer offers childcare vouchers, make sure you’re a member of the scheme they provide, so that you get the best value from your claim.

These vouchers can be used on numerous types of care, including nursery, after-school activities and boarding school.

2. Check the added extras to your childcare voucher scheme

Many providers for childcare vouchers also offer employees who use the vouchers the opportunity to save more money when it comes to High Street and supermarket shopping.

3. Don’t miss out in an emergency

Don’t forgo a day’s wages or your attendance record if your childcare plans fall through.

Find out if your employer offers an employee assistance programme, or a childcare advice line that can offer alternative solutions.

4. Find out about free childcare for those aged 3 and 4

Three and four-year-olds in England are entitled to free learning for a minimum of 12.5 hours per week for 38 weeks of the year. This can take place in nurseries, playgroups, preschools or at child minders.

5. Check to see you’re eligible to receive tax credits

Verify if you’re eligible for the childcare element of the Working Tax Credit. If you are you could receive help towards the costs of a number of childcare services.

Payplan

If you are struggling to manage your monthly outgoings then contact Payplan for free debt advice online or simply call 0800 280 2816.

Written by Becky on August 30th, 2010

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