Budgeting for your family can become a stressful task if you don’t earn a fantastic income. That is why you always need to try to make your money stretch as far as possible. The tips and tricks I’ve included on this page should help you to make a start. However, you still need to keep your eyes open for alternatives. I just wanted to share some of the techniques I use to achieve the same results. At the end of the day, you can always make savings if you plan ahead and take a smart approach. With that in mind, let’s begin. I’ll keep everything as simple as possible to avoid any confusion and ensure all my readers can benefit.
Buy your food from budget stores
We all want our families to eat the best food possible. That is why we avoid the discount ranges and opt for high-end products. However, there isn’t much difference between the two in truth. It’s possible to get everything you need from a cheaper store if you’re willing to shop around. Search online for the best prices because most supermarkets run websites these days. You can identify the items you require, and then visit some different shops to fill your basket. It might take a little longer to get everything you need, but your money is guaranteed to stretch further. So, you might have some spare change for luxuries.
Plan your meals in advance
Planning your meals in advance is another fantastic way of limiting the amount of money you spend on food. If you know what you plan to eat every single day, you can create a shopping list. That should mean you don’t make impulse purchases and you only get the things you need. Retail stores use psychological techniques to encourage you to spend more cash. It’s easy to fall for their tricks if you’re wandering around in a daze. So, do yourself a favor and make your list ahead of time. You should then know exactly how much you need to spend before you purchase a single item.
Make use of credit card rewards
Almost everyone has access to a credit card these days. So, it makes sense to get all the rewards you can. By spending money on your card, it’s possible to earn discounts on your shopping. Indeed, you could even reduce the cost of your next family vacation. There are lots of ways you can earn more points from shopping portals. With that in mind, now is the best time to increase your education. Search online for information about the credit card in your purse right now. You should discover lots of ways you can spend cash and earn benefits. Just make sure you always clear the balance at the end of each month. That way, you won’t have to pay any interest.
Buy second-hand clothing online
Buying clothing for your children can become a costly experience as they start to grow older. That is because they will expect to wear the same brand names as their friends. You don’t want to let them down, but you can’t afford to spend all that cash. So, you need an alternative solution. Thankfully, there are many of them around. Online auction websites like eBay are the best places to purchase second-hand clothing. You just need to search for the items you require and then read the descriptions. So long as the clothing is in good condition, your kids won’t notice the difference. However, you will save a small fortune.
Choose the right bank accounts
Lots of people make the mistake of choosing the wrong bank accounts. They listen to the advice of the people working at their local bank and end up paying for their services. That is not a good idea in your situation. You do not need a bank account that requires you to pay a monthly fee. So, now is the best time to consider your options and make the switch. You should also think about the type of account you use for your savings. Ideally, you want something that provides the best interest rates available. So, a cash ISA or something similar might make sense.
Create a monthly budget
Planning all your finances well in advance will give you better control over your money. You don’t need any specialist software to create your budget. You could use a spreadsheet or just write to down on paper. If you understand the figures, nothing else matters. Your budget should help you to understand how much cash you will have at various stages throughout the month. So, you’ll have better information about the most suitable times and dates to make your essential purchases.
Always search for discount codes before buying anything online
Most retailers provide discount codes that could help you to save a lot of money online. The issue is that they are not going to advertise those codes on their websites. So, you have to search Google to find them in most instances. The process only takes a few minutes, and so you don’t need a lot of time. You should do that whenever you plan to buy anything off the internet. You’ll kick yourself if you discover you could have made savings and you paid more than was necessary for the item.
I hope you now have some excellent ideas about the best ways to make your money stretch further this year. Make sure you put them into practice as soon as possible for the best results. It would be interesting to keep a tally of how much you would have spent without my tips and tricks. That way, you can look back at the end of the year and assess your progress. If you’ve saved more than a couple of hundred of dollars, you’ve done well. Just give yourself a pat on the back and try even harder in 2018. There are also money-saving forums you could join for the latest advice. Make sure you searc