Most families are on the lookout for ways to save money, but oftentimes there’s just too much going on to think about saving, which causes budgeting to go haywire and affect the entire family’s financial future.
The problem is that most money-saving tips require a full lifestyle overhaul in order to see a return. Whether it’s converting to a more sustainable lifestyle or removing precious family vacations, some families simply might not be willing to make such sacrifices that frugal living often requires.
If you currently live in a rented home and looking to buy your own place as a family, then saving money with the goal of investing in a Lendlease Brisbane housing and land or other great suburban communities is a good idea. Most housing projects are now developed near the CBD, boasting complete amenities/facilities for families.
These are some of the simple things you can do to ease your monthly finances and start saving.
Shop smart. A more organised shopping list will save you a LOT of money. You may be doing this already, but are you doing it right? Start by listing items you have to buy, then bring an envelope filled with coupons if you have them. Decide a maximum budget you’ll spend and shop early in the week when stores are least crowded. Crowds mean added stress that isn’t good for budget-conscious shoppers.
Unsubscribe to services you don’t really need. Here’s where your potential is unlimited since most of us are subscribed to services that we barely use, sometimes not even at all. Consider cancelling a hardly used gym membership one year, or your land line telephone service, how about the cable TV subscription if you can live with the free local channels? You could end up saving around a $100 monthly, and it can add up over the years.
Refrain from buying off the shelf. Incessant and splurge buying is sometimes considered normal in a way. Well, not with families who want to save. Anytime you feel tempted to buy something costly, do your homework first. For starters, surf the web to see who has the item priced lower, or if sales are coming up. You should also check the manufacturer’s website to see if any coupons are available. If you’re patient, you can buy the same item second hand.
Take advantage of rewards programs. These days many companies offer rewards programs as part of their marketing efforts. Sign up for them when you can and keep tabs of what’s sales are happening in the local market or shopping outlets.
Prefer driving over flying. Don’t let the ease of travelling by air prohibit you from saving money. If the trip is within a few hundred miles, then consider driving. Say you have a family of four, just think about the savings you get from not having to book for four.
Where to invest your family’s savings. There are many ways you can invest the money you spent as a family. One option is investing in stocks (which can be learned and done online), properties, jewelleries and education.
Of course, there are tons of ways to save money and manage your finances better as a family. Start with the above suggestions and then go out your way to look for other strategies. Best of luck!
What other ways have you found to let your family save money?
Disclosure: This is a sponsored post.