There’s no denying it – the cost of living is higher than ever once you start a family. Whether you live in a household of three, five or even ten, the price of everyday essentials coupled with rising childcare costs means it can be hard for the average family to make ends meet.
As well as everyday essentials like groceries, cleaning products and travel expenses, there are always unexpected costs around the corner. Your car might break down, for example, or your kid might need new school shoes, and what then? The unpredictable nature of family life means budgeting is crucial. That way, you’ll always have a buffer in case of emergencies.
Saving money might not come easily to everyone, but with a bit of know-how, even the most modest incomes can go further than expected, and here’s how.
The App Store
Online shopping has been utilized for many years now, however, development on how to purchase items and services are in continual growth. For example, the app store is being made use of by companies, who are developing their own apps. Therefore, improving convenience for their customers.
Contests are a great way to save money, and if you enter enough of them, you’re bound to win something eventually. Search online for free competitions, and you could win coupons, money off your groceries, cleaning products and free clothes. If you’re looking to save on pet care products (and let’s face it, these are expensive) you can win $100 worth of Pet Action flea treatments by writing an honest review for their site.
Cashback sites are free to join, and they will save you money on your everyday purchases. There’s a handy app you can download to your smartphone, and you can link your account with PayPal and eBay for easy ways to spend. Even some banks are jumping on the cashback bandwagon, so it might be worth switching your account. By getting cashback on your everyday purchases, you could save hundreds of dollars per year.
Create a Meal Plan
It’s no secret that home cooking is dramatically cheaper than ordering in or dining out. However, our busy lives mean we don’t always have time to plan and prepare a meal from scratch. Make things easy for yourself by researching some easy, nutritious meals for your family and buying everything you need at the start of the week. It may seem like a lot of effort at first, but planning and meal prepping when you have spare time will save you money in the long run.
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Subscribe and Save
A Subscribe & Save service sends all of your household products to your doorstep on a schedule of your choosing. By using this service, you could save up to 15 percent on things like coffee, toilet rolls, diapers and cleaning products, compared to in-store prices.
It’s not easy to scrimp and save, but by following these five steps, you can make a start on reducing your monthly outgoings. Then, by minimizing your day-to-day expenses, you’ll have more money set aside for a rainy day.