Strategies to Combat Rising Childcare Costs: Expert Insights
Stacey advises parents to budget for "one-time, recurring, and occasional expenses" to manage childcare costs. She suggests exploring health coverage, practicing future budgets, boosting emergency funds, and avoiding emotional purchases. Parents should assess their financial situation, consider debt repayment strategies, and seek secondhand items to reduce expenses. These steps can help parents navigate the financial challenges of raising a child.