Everyone needs to be a little savvier sometimes, no matter how much you earn!
We all live and spend within or over our limits, so it’s important to regularly review your spending habits to help you save a little to either put towards your mortgage, holiday or children’s tuition fund.
As a former 20 something party animal, I was single with only my rent as necessity and the rest of my wages would go on myself, treating myself, nights out and holidays without a care in the world for my future. Now that some things in my life have changed, I find myself looking to sites like Extras to help me with managing my finances.
Since getting into a serious relationship and having a family of my own, I have become more money conscious, less selfish and savvier when it comes to my personal finances. I always want to make sure that we have enough money should anything happen, like paying for the grocery shopping or having money for fuel. Of course, the idea of implementing money-making schemes into my life has always been something I have considered. From taking online surveys, to more recently investing and trading bitcoin, by reading something like this bitcoin trader test are just some of the things that you can do to give your savings account an extra boost. If that doesn’t sound like you though, you should take the time to make sure that you become more conscious about your spending habits, and so I want to share a few of my top mum tips for saving money here with you now.
Children and babies grow so quickly it’s insane! One minute you’re buying 3 months, the next she is struggling to fit and you’re buying 6 months+. What am I feeding her!?
This is something everyone experiences and can be very frustrating- if you have a group of other mums who have young children, why not host a clothes swap. It’s literally a fancy car boot sale for mums but often with a nice cup of tea and lots more chat. You can either make trades or pay pennies for second-hand clothes, which usually haven’t been worn more than a handful of times!
Plan Your Meals
One of my biggest downfalls in buying food and going to the supermarket with absolutely no idea of what I’m cooking. This means that I literally pick up what I see and what I fancy, making for a very expensive way to grocery shop.
Instead, plan your daily meals before you head to the supermarket and take a list, checking your cupboards beforehand so you don’t overbuy.
This can be a draining and soul destroying task but essential if you find your money disappearing with no recollection of where it’s gone.
Work out your monthly incomings, your essential outgoings and then budget from then on food, activates, clothing and so on. Soon you’ll have a better grasp on your finances and be more aware of what you’re overspending on.
Another lengthy process, but if you’re looking to save a few pennies then couponing is essential.
From your supermarket shop to 2-for-1 on trips out and discount in high street stores, there are coupons all over the place and you just have to take the time to look for them. You can easily start to see the benefits, especially if you properly commit.
All retailers want your money so they will often compete with each other for your custom.
From supermarkets to branded houseware and furniture, you’ll definitely be able to save some money if you take the time to see what’s out there. Great comparison sites such as Money Supermarket and Compare the Market compare your bills, holidays and insurance to make sure you get the best deal1
Reduce Energy Usage
From reducing your hot water bill to halving your energy bill, there are a number of tips and tricks you can implement to help you save on the dreaded monthly energy bill.
Switch to energy saving light bulbs, don’t leave the heating on in unused rooms and switch off the water heater until you need it. Making sure your heater is properly maintained and working as it should can help save energy too – if you haven’t had yours serviced for a while, you may wish to call someone like Steve’s Plumbing (https://callstevesplumbing.com/plumbing/water-heaters/) to come out and check that all is as it should be.
Saving money is a great exercise to help you save more and help you to become savvier, what other tips do you have for being a money saving family? Let me know by getting in touch.