Families with young children may find it most important to ensure their money planning is done carefully and in a detailed fashion, with many of them losing out because of tax and benefit changes.
Such a situation has been described by Dr Katherine Rake, the chief executive of The Family and Parenting Institute.
She stated: "It's really the accumulation of a series of tax and benefit changes that I think, rather surprisingly, have targeted families with children, particularly young children, disproportionately. When you add all of those together and look over a period of time, it is really taking a very significant hit on those families with children."
Dr Rake said that while there has been a debate about the ending of child benefit for higher earners, the "financially vulnerable" have been most hit by the freeze on this benefit and changes to tax credits.
And she suggested that while the new universal credit to be introduced in 2015-16 will be "significant" for very young children who may suffer poverty in between times as a formative experience.
Families who do find their income is squeezed because of benefits changes - as well as factors like inflation - may find now is a very good time to get a budget planner.
Using these can help ensure every penny is put to the best use, with priority given to essentials like energy bills, council tax and food, while the amount spent on discretionary purchases can be carefully rationed.
This way, families can make sure they do not overspend and get into debt, or leave themselves short at the end of the month when there are still bills to be paid and mouths to feed.
Parents of older children may also benefit from using a budget planner as parenting coach and author at Parentingpeople.co.uk Judy Reith stated last month that they face the prospect of having to fund their children longer into adult life than they expect.
She noted that as well as the cost of higher education itself, the weak youth jobs market means more will opt to stay on at university and do a master's degree, while the cost of housing means many more young adults will live with their parents for longer.
