Families today are often living more frugally than they would like. Bills are creeping up and wages are stagnating, so savvy families are making a point of trying to save as much money as possible in different areas of their lives. Truthfully, there are plenty of places money can be saved. You can save money in pretty much every way in your household, from how much you spend on insurance to the amount of money that you spend on appliances and household goods.
The question that you have to ask yourself in times of frugality is where you want to save the most. Are you looking to save for an emergency fund? Are you looking to scrape together the cash for a deposit on a house? Whatever your reasons for making savings, you need to look at your budget and see where you can slash costs the easiest. Once you’ve done that, you can make savings that you simply didn’t expect to make. So, which are the three biggest areas of family life that you can save some cash?
Groceries. Food shopping is going up in cost every day. With farmers needing more cash to pay suppliers, products are becoming more expensive and so supermarkets have to charge more. To slash your shopping budget, look at switching brands and buying less than you currently do to stop overeating. Buy only what you need, and you can do this by creating a weekly menu and sticking to it. You can also cut out junk food, which can add to your grocery costs and isn’t a necessity.
Driving. It’s all well and good for anyone to suggest that you give up your car and use public transport, but buses and trains can be very expensive to take – especially if you would need them to commute to work twice a day. Walking is great for your health, but it’s not always practical when you have to go long distances. You could also look into the benefits of Dodge Ram extended warranty while you look at your insurance costs. Slashing the costs of your insurance can help you save money on your overall car expenses, so it should be a priority for you.
Utilities. Running a family home, with lights, internet, appliances and extra televisions in the house, can be expensive. Speaking to your utility providers and trying to haggle discounts is the best route to go down, as you can make decent savings with each of your bills. A family home
is a big expense, so look at reducing the number of baths taken and swap to showers and look at putting a timer on the televisions in the home so that no one is sat up all night watching television.
Saving money is the aim of the game and you can utilise many strategies to implement good savings practices in your family. Swapping your yearly vacation for a cheaper camping trip is another option, but if you make enough savings elsewhere you can afford to go on your break!