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Smart ways to fund your kid’s education when unemployed

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When you need to pay for your kids school expenses including fees, sports and camp fees, being unemployed will definitely affect your ability keep up. Schools are very vigilant to maintain prompt payments and thus in times of reduced income, this can cause lots of stress. You could even be taken to court if you do not do anything about your kid’s arrears. However, you need not to worry as these top options will definitely help you sort this problem without breaking the bank.

Get a logbook loan

Being unemployed could have resulted in a very poor credit score which will frustrate your efforts to acquire a traditional loan while you wait to get back on your feet. That is why a logbook loan is all you need to raise a fast and wholesome amount of money. Lenders will not pay keen attention to your credit record as long as you are the legal owner of a roadworthy vehicle. The amount of money you borrow will depend on the value of your car. However, you can receive more if you show documentation for all the customisations and modifications you made. The good thing is that you still get to keep your car as usual and the lender only keeps the V5 document. However, you will risk losing your car if you default payments. Therefore ensure you have a payment plan before hand or talk to your provider in case you face difficulties meeting payments.

Contact the school for options

When you are finding it hard to pay school fees because you’ve been laid off from work, you may think of approaching the school for options. You will be surprised at the compassion the school might show during this period of financial difficulty especially if you have been loyal and prompt in paying previously. For instance, you could ask the school for relief for books or a waiver of the fees where applicable. Alternatively, negotiate a better paying arrangement with the school. Ensure you request for a more affordable plan that involves smaller payments as opposed to the one-time semester fees. This way you will ease off the pressure of the one-off semester fee demand.

Scholarships and Aid

Scholarships and education aid either by private entities or the government is one smart way you can settle the pressure of school expenses when unemployed. The good thing is that you will not be required to pay back. Therefore your child can go through school peacefully and you also don’t need to worry about high interest rates. Ensure you look for scholarships in areas that your kid has some good profile in. For instance, it could be through an academic, sporting or any cultural event. Just ensure that you involve the school as they can easily inform you of all the scholarships your son/daughter stands high chances of approval.

Money saving tips every mother should know

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Even with the birthday parties you have to throw for your kids and all your friend’s baby showers, you can still save lots of money with resourcefulness and strategy. You don’t have to skimp on the things that matter anymore. If you want to be a lifelong saver for your family here, here are some of the best tips that will help you.

Map out menu plans

It is very important for you as a busy mom to have a menu plan if you want to save. First, having this plan will help you stick to the grocery list you make and avoid impulse purchases. Remember, budgeting alone will not help much. Therefore, in addition to your budget come up with a list of all the things you will need and purchase them in bulk. Ensure you check out coupons and sites that offer special deals and promos codes in as many stores as possible. Remember to go for quality and not just brands. Get all the pantry, non-perishables and frozen items such as meat all at once. You will definitely land into a good deal that will save you lots of dollars and time as well.

Start using logbook loans

In the case of an emergency that requires immediate cash do rush for a logbook loan as all you need is your car. For instance, compared to that payday loan you’ve been taking, a logbook loan is much cheaper with a low APR. What’s more is that you can set a loan term that you will be comfortable with. For instance, you will pay smaller monthly payments if you chose 24 months contracts than you would for a 12 month contract.

Escape credit checks with a logbook loan as that will be the last thing lenders will look at. Remember, your car is enough security since it can be repossessed if you fail to make repayments. Even if you are a full time mom with a poor credit score or none at all, you can get some wholesome amount by simply using your car against the loan.

Go for free fun

Save lots of cash by opting to host your son’s birthday at the public beach and try out some homemade menus. Not only will you save some extra bucks but you will also eat healthy. Additionally, there’s lots of free fun to be had in town so you do not have to shell out entertainment anymore just because you want to save. Opt for free family events listed in your local newspaper. However, there’s also nothing wrong with going for a vacation or splurging on a restaurant once in awhile. Just ensure you save enough before doing so.