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Talk to Barclays about budgeting - £200 voucher prize draw! MORE QUESTIONS ADDED! NOW CLOSED

2 replies

MichelleMumsnet · 04/04/2014 15:03

Barclays have asked us to find out how Mumsnetters approach budgeting and what banks can do to make the process easier.

Here’s what Barclays say, “Raising a family is no walk in the park and presents its fair share of challenges (from how much TV the kids should watch to making sure they get their 7-a-day) and budgeting for childcare is probably one of the biggest challenges mums and dads face, especially if you’re a working parent.

The Government’s planned childcare subsidy for September 2015 means that working parents can join a new scheme offering a 20% rebate on childcare costs, worth up to £2,000 a year. For many working mums and dads this is big news – but a long way off. So, how do you handle budgeting in the meantime?

We’d love to find out more about the budgeting challenges that you’re up against as a working mum or dad – and what could be done to make managing your money easier before the subsidy is introduced in September next year.”

So, how do you manage budgeting within your family? Maybe you have a comprehensive spreadsheet which you use to keep track of spending? Or perhaps you are a keen voucher collector to help save money? Do you have any ideas on how your bank could help you make budgeting easier? Whatever they are, we’d love to hear them.

Everyone who adds their thoughts to this thread will be entered into a prize draw to win a £200 Love2Shop voucher.

Thanks and good luck,

MNHQ

MichelleMumsnet · 16/04/2014 17:25

Thanks for all your comments - Barclays are really interested in all your comments so far and have a couple more questions if you don't mind answering them!

Here's what Barclays say, " As well as this thread we've also run a survey on Mumsnet and so far you've told us that childcare costs impacted on your ability to plan and save for the future and that this can create its fair share of stress and uncertainty.

However, even though ‘life’s little surprises’ (MOTs, new boilers, etc) often cause bumps in the road for your best laid financial plans, it's clear that many of you are really organised with your family finances – in particular, there are lots of Excel wizards on mumsnet!

Most importantly, some of you told us that childcare costs are one of the first things you factor in, but others also told us that this can mean that it doesn’t make financial sense to go back to work.

Does that ring true for you? And more importantly, what could make the return to work easier?"

If you would like to complete the survey for Barclays on childcare for a chance to win a £200 Love2Shop voucher, please click here. (Ts & Cs apply. Closing date is midnight on Monday 21st April).

MichelleMumsnet · 24/04/2014 16:15

Thanks for all your posts. This thread has now closed. The winner of the prize draw is Wishihadabs, congratulations Smile! We'll be in touch shortly.

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