Budgets can get tight when you have a family, and it’s normal to find it difficult to save when you have kids to take care of. However, there are countless simple ways to lower your household expenses without making big changes to your lifestyle.
Here are some top money-saving tips for families:
Be organized with your groceries
Groceries are a large expense for most families. The average family of four spends around $770 a month on groceries, according to thesimpledollar.com. Finding ways to lower this cost can have a significant impact on your overall monthly expenses. Being organized with your groceries is one of the easiest ways to slash your weekly food costs. Plan your family’s meal and always write a grocery list before you go to the supermarket. Plan only to buy the food items on your shopping list. Shopping online is another simple way to lower your food costs as you will be able to see your total grocery bill as you shop. You are also less likely to be tempted by in-shop promotions and deals. You should also try to take advantage of coupons to save money on your weekly food bill. For instance, you can use a gopuff coupon to get money off food deliveries and save money.
Cancel services you don’t need
Make a note of all the services that you currently pay for, such as gym memberships, TV streaming platforms, movie packages, landline services, and so on. Take a close look at the list and consider whether you could cancel any of these services. If you rarely use your gym membership, then cancel it and do free workouts at home instead. Most families pay for services that they rarely use. Canceling unused services and subscriptions could save you hundreds of dollars each year.
Enjoy free family fun
Entertainment is another big expense for most families. Going out for family dinners, trips to the movie theatre and weekend outings can quickly add up and leave you with a large bill at the end of the month. Spending quality time with your family is important, but there are loads of ways to have fun for cheap. You could have a family picnic at your local park, do exciting outdoor activities, or plan creative projects at home. Simple changes to your entertainment can make a huge difference to your spending. For instance, plan a family movie marathon at home instead of going to the movie theatre.
Sell unused items
Selling unused items is a great way to get extra cash. It will also give you the chance to go through your belongings and de-clutter your home. Get your whole family involved and make a pile of belongings that you no longer need or use. This might include clothes, electronics, toys, and homeware. As a general rule, you should sell anything that you have not used in the past six months. You can host a garage sale to sell your unused items or advertise them on selling platforms like eBay or Craigslist.