Even though it does not sound even remotely romantic and idyllic, sometimes, you have to run your family like a business. This mostly refers to the way you spend your money because it can all get very overwhelming. Schooling, travel, day to day life, and even living expenses are all a bit too much when combined. This is why we are offering some simple ways on how to save money on family expenses.
Cut on your food expenses
One of the biggest expenses is, of course, food! An average family of four spends from $500 to even $800 and $900 on groceries each month. More than half of this is actually groceries you need for meal preps, breakfast, and basic daily needs. However, there are ways you can cut down on food as well. First of all, try buying fresh fruits and vegetables. Not only is it healthier and tastier, but it will also cost less than frozen goods. Another easy tip is to make a list when going grocery shopping and stick to it. This will reduce too much food in your fridge, which may eventually even go bad. Planning your meals ahead, and storing the leftovers for later is another easy trick. One more thing you can do is use coupons, and check the prices in different stores, to see where you can get cheaper items.
You probably think there is no way around banking expenses, credit cards, and loans. However, there is an easy way to save a bit here as well. One thing you should definitely look into is a handy unlimited cash back credit card. It allows returns up to 6% on all of your costs. They mostly include food, travel, gas, and even fashion shopping. Check with your bank which cards give you the option of cashback, and get back a percentage of what you spend in cash. Since we are talking about banking, opening up a savings account, and teaching your children about saving is a good tip. You can also create a monthly budget based on your needs and stick to it.Save money on travel
Travel is one of the most amazing experiences you can have with your family. But, it can be pretty expensive, which is, of course, not a reason to give up because you can save some money without giving up the fun. Planning your trips, and booking early on is a great way to save some money, and find cheaper offers. If possible, being flexible with your travel dates can also save you a lot. Avoid going in peak season, since the prices of accommodation, plane tickets, and even food and drinks are higher. Remember that even the destinations that are not popular can be beautiful, so don’t follow the trends blindly. Another great advice is to plan activities beforehand and try to choose sightseeing, hiking, and many others that don’t require a lot of money.
Monthly household expenses are not a joke. Water, electricity, heating, internet, and many more can take quite a lot of money. When it comes to phone and Internet bills, make sure you choose a deal that suits your needs. Saving on electricity is also easy. Just turn off the appliances and lights when you are not in the room, and if possible, consider getting solar panels. Those are expensive to install, however, future expenses are minimized. Your heating bill can be smaller if you turn down your thermostat by just 1%. It will save you around 10% on your monthly bill.
Another important aspect you should consider is transportation. Opt for a more fuel-efficient car, if public transportation is not a possibility for you. However, if you can use it, book your tickets in advance. Not only will this save you money, but it is more eco-friendly.
Thrift shops and garage sales
Most people have certain prejudices about second-hand goods when in reality it does not have to be as bad. Buying used books or pieces of furniture is a great place to start. This is a great way to find unique, vintage pieces if that is what you like. Toys, bikes, scooters, and many other fun children’s items can also be bought in thrift shops. As for garage sales, you can both visit and organize those. It is a great way to earn extra money and get rid of the things you don’t use anymore. You can get tools, dishes, and art on such sales, which is a great way to upgrade your house.
Changing your living habits slightly will not make a big difference in your life, however, your wallet will thank you. This way, you can invest in other family necessities, and be more economic along the way.
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