As parents, we may find ourselves struggling over the years. There is a joke where a guy says that the two most expensive words he’s ever heard his wife utter are “I’m pregnant”, and until you have kids for yourself, you truly cannot understand the implications and relation that you have to this. We wouldn’t have it any other way (well, maybe make ourselves a bit richer), but there are certain tips and tricks to help you cut down on the spending and avoid getting yourself into any money troubles.
Look For Savings
There are always savings to be had. It seems like such an old phrase, but it’s so true. With the rise of the internet have come sites like Coupon Sherpa which are able to offer coupons, discount codes and other money-saving ideas to get you cutting down the costs on your next shopping spree. This doesn’t have to be a real-life spend, either – the codes are mainly for online stores, which you can peruse at your leisure. While this is good (look out for free shipping codes especially), you shouldn’t get sucked in. There are a lot of people who overspend with the under spend method. It’s like the savings are so good that you use that as a reason to justify why you’ve bought so much. The great thing about internet shopping is that you can leave something in your basket and come back to decide on whether you really want it or not. If you can’t stop thinking about it all day, then return back to it and it’ll still be there ready for you to purchase. If you forgot all about it and were surprised to see it lurking in your basket, then it was probably just an impulse buy – the worst kind of purchase for trying to keep your spending under wraps!
Buy In Advance
You’ve got to flip your seasons to get the best deals. Buy all of your summer stuff in the winter, and vice versa. It is something that the more organised among us have come to realize is an extremely beneficial money-saving tool. Being able to bag all of the things that you need before the season has even started is the best thing to do. Everybody knows that when something is in demand, the peak prices stay on form … but as soon as the weather dies down, that’s when the stores try and sell off their extra stock – and that’s when it becomes available at a price you want to pay!
Instill A Good Work Ethic
It’s important to instill a good work ethic not just in your children, but in yourself also. Listen to what you’re telling them, and if you can’t validate what you are saying with examples that you yourself are putting into practice, then either try starting to do them or don’t say anything at all. The one main way that a lot of people have found to save money is to cut down on socializing by taking on more work. This is something that sounds like no fun at all, but if you’re on the hard-save then you’ll find your money rising quicker than you had initially realized.
Switch It Off!
There are certain devices in our households that don’t take up as much energy as you might think. For example, it costs less than a dollar per year to charge our smartphones; so what is taking up the other amount of the bills that we are spending our money on? Three things: tumble dryers, electric hobs and fridge-freezers. Instead of turning them off completely, try doing things differently. Instead of tumble drying your clothes, see if they can go outside to air-dry – you can get away with it on more days than you think. You don’t have to wait for a sunny day in particular, just a windy one for your clothes to dry fast. Instead of using your electric hob, if you have one, try oven-preparing meats such as chicken and beef and using these throughout the week with salads and pre-prepared rice. It may only be a bit of a saving, but every little helps.
Start Saving Early
The more you think that your money has to be saved, the less inclined you will be to spend it. Opening up a different bank account to the one that you can easily access is definitely the key to this. There are pre-paid card plans available for you to be able to take out a card which has a limit; it’s like taking round cash but more convenient for those who are used to only taking out their debit or credit card on store spends. The amount of money that can go into it can be controlled via your smartphone. This is more about getting you to think about what you’re spending rather than being let loose to spend to your heart’s desire and do a bit of a guesstimation as you go along.
Utilize Your Home
Every time you go out to a place that has something on offer to you or your friends, they will be wanting to make money out of you. Pubs, clubs, restaurants – they’re not there to offer a free service to you guys. What they serve to you is not being handed over at cost price, and there is definite cash to be made on their end. Instead of handing over your money to them, try recreating the experience at home. Buying food and drinks from a store rather than a place of hospitality can see bills being heavily slashed, and it’s a fun and cheap way for you to be able to socialize. The best thing about it is that you don’t have to organize transport if you’re holding the event in your own home, so that’s fuel costs or taxi fares put to one side. Here’s a secret that you we don’t mind sharing; staying in is the new going out – pass it on.