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January 23, 2023

4 expenses for parents to rethink this year

  • Here are a few strategies for reducing costs, according to finance professionals.
    • By ELIZABETH AYOOLA
    NerdWallet

    iStock image
    Rethink toys. Oftentimes, parents buy children items, only to realize what they really value are experiences.

    When inflation rises, child care expenses do, too. If you're a parent, you may be hoping to get a little financial relief during the upcoming tax season through deductions or credits. But since there have been recent reductions to both of the child tax credits, you may not get as much back as you anticipated.


     
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