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Family Budgeting

Help to boost your family's income and cut costs

Do a quick money check – review your finances

Our family budgeting basics

Want more? Our guides cover the essentials...

What it does: Shows quick ways to review and save on family costs.
How it helps: Guides you to tools like our budget planner for real savings.

Family Budget Tips

Our calculator shows how much you could save on family costs. In brief:

The size of savings is based on household income.
It's assumed families will fill any gaps.
The contribution varies by region (e.g., England vs. Scotland).

Check our tool (tooltip).

Need-to-knows

FSCS protection: Up to £85,000 for bank accounts if the bank fails.
Chargeback: Refund for faulty buys on debit/prepaid cards.
No credit checks: For under-18s options.

FAQs

What age can kids get a card?
Prepaid from 6, bank accounts from 11. Always need parent approval.
Are they safe?
Yes, with parental controls and FSCS protection for banks (up to £85,000). Prepaid has no debt risk.
Do they earn interest?
Bank accounts yes (e.g., 5% on Nationwide), prepaid usually no.
What if something goes wrong?
Use chargeback for faulty buys, or contact the provider. This is general info – check gov.uk for details.

Regional options (e.g., Scotland)

In Scotland, options are similar but check local banks. RBS (part of NatWest) offers Rooster Money and accounts for under-18s with Scottish notes.

RBS Adapt Account: Ages 11-15, free, debit card.
Bank of Scotland Under 19s: Ages 11-17, free, interest on savings.
Nationwide and HSBC available UK-wide, including Scotland.

Family Budgeting Made Simple

How to Budget for Your Family

Learn essential budgeting tips to manage your family’s finances effectively.

Create a monthly budget to track spending.
Prioritize essential expenses like bills and groceries.
Use our budget planner to save for family goals.

Try our Family Budget Planner

Family Saving Successes

Here are inspiring stories from FME users who’ve saved money using our tools and guides. Have a success story? Share it with us at success@family-money-expert.com.

"Used FME’s budget tool to save £500 on bills!"

- Sarah, 10 July 2025

"Cut energy costs with FME’s tips!"

- James, 5 July 2025

"FME’s savings guide helped us plan for our holiday!"

- Emma, 1 July 2025

Family Finance Blog

Top Savings for UK Families in 2025

14 July 2025

Discover ways to cut costs on bills and taxes for your family.

England Tax Tips for Parents

10 July 2025

Simple steps to check if you're owed a rebate.

Family Savings Links

Try Budget Calculator

Savings Guide | FamilyMoneyExpert.com