09:16 10 June 2013
Recent news is that the childcare benefit cuts would remain in the form of a cap. Those who make a certain amount of money or more would potentially not receive child benefits.
While some families may not fully need the money going forwards but have been receiving it, it will be an adjustment to do without the funds.
In some cases, this could be a fairly significant amount, and the trouble caused by such a decision depends upon whether or not families have chosen a lifestyle that requires all their finances.
Changes such as this one can crop up at any given time, so it is a good idea to have a plan of action. Being prepared beforehand can help you minimize the likelihood of a financial emergency.
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