5 Household Budgeting Tips for Expanding Families

As your family grows, so the expenses will increase too. This need not be too much of a problem if you follow our tips for reducing some of the costs associated with running a household on a tight budget.

Check Your Bank Accounts

Your first family money-saving job is to go through your bank accounts with a fine-tooth comb, looking at the last 6 months at least. There could be subscriptions you have forgotten about for things you no longer use and cancelling them could be a help. Banks are very good at what they do and with automation, mistakes are less likely to happen. They still do happen sometimes though, so it is worth knowing what every incoming and outgoing on your bank account is. The same applies to any credit cards you may have.

Check Out Deals

It is worth checking out the deals with your energy suppliers. Often, energy companies will have special offers for new customers. If you tell your existing one you are planning to switch for a better price, quite often they will match it because they do not want to lose your custom.

You should also check for deals before you head out to the malls. The retail market is very competitive, and shopkeepers need to keep the loyal customers they have. Whether you shop with them online or visit one of their stores, you could save a lot of money by checking out the deals first.

Educate Your Family

You need to educate your family to not be wasteful with energy and water. Simple things like turning off lights are very obvious, but there are other ways you can save on your utility bills. For instance, every piece of electrical equipment that is left on standby overnight costs you just under a dollar a week. Add up how many computers, TVs and music centers are left asleep in your house. Multiply the weekly figure by 52 and you may be amazed by how much a year you could save just by turning items off properly.

Teach them to be careful with water and not to spend hours in a shower. When your water bills comes in, you will be much happier if care with water usage has been taken.

Saving water and energy will not only save you some money, but it will also help to make your home more eco-friendly, which in turn is good for the planet.

Shop Smart

When you do your grocery shopping, don’t be fooled into buying the special offers if the food will not get used. It may look a great offer to buy one and get one free, but that only works if it is something you will use.

Steer clear of ready meals as they will soon increase your grocery bill. They may be convenient, but they contain chemicals and preservatives that are not good for you and your family. There are plenty of fresh foods that do not take long to cook, and you will save a fortune by opting for them instead.

You may not realize it, but the most expensive item in your shopping trolley is meat. Reduce the amount you buy and see your shopping bill tumble.

The old tip of not shopping when you are hungry also works. Hunger will make you put things in your trolley that you would not otherwise buy and if you want to shop smart, always have at least a snack before heading off to do your grocery shopping.

Do Not Impulse Buy

Before you buy anything, consider if you really need it and avoid impulse buying at all costs. Always go away from the product and think about it seriously as more times than not you will realise it is something you can do without.

These are just a few of the ways to save money as your family grows, but they are not the only ones by any means.