How can I set up a budget as a parent?

How can I set up a budget as a parent?

Setting up a budget as a parent involves tracking your income and expenses, prioritizing needs, and planning for savings. Would you like tips on specific categories?

Yes, what categories should I include in my budget?

You should consider categories like housing, groceries, childcare, education, healthcare, and savings. Do you want help estimating costs for these?

That would be great! How do I estimate costs for groceries?

To estimate grocery costs, track your spending for a month, then average it out. You can also use online resources for average costs based on family size.

Thanks! What about unexpected expenses?

It's wise to set aside a portion of your budget for unexpected expenses. A good rule of thumb is to allocate 10-15% of your income for emergencies.