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Saving can be difficult at the best of times. When you have a family to look after, and commitments that drain your financially saving can seem impossible. With big families, the task can seem all the more daunting. With so many mouths to feed and backs to clothe, breaking even proves a challenge to many. Saving is a way of helping your family in the present as well as in the future. When you are the sole breadwinner in your family saving becomes even more difficult. In today’s world many are left caring for elderly parents, this makes saving seem impossible.
But there are ways to save, Despite how dire your saving situation might be. Almost anybody can save something of what they earn, it doesn’t need to be a huge amount. You do need to be committed and ready to make some small sacrifices.
Being frugal is often associated with going without, however, if you are smart and organized you can be both frugal and still enjoy the things you liked before . Saving money is possible and doesn’t have to be over-complicated. Take a look at some of the following ways in which you can save money.
Photo source- Pixabay
Organize your finances
Adapt your budget to how much you want to save. Be realistic with your budget, however, as you can always reduce your budget gradually if you find that you can save more. Create a system that accounts for everything that comes into your account and everything that goes out. Doing this will also open your eyes to any unnecessary
purchases you make and allow you to plan your expenditure much more efficiently.
Shop around to save on household bills
This might be as simple as phoning up your internet and phone provider and asking them if they can make you a better offer. Quite often, your utility provider will be willing to give you a better offer as they will want to keep your service. Do look around at other providers and see if you can get a better deal than you currently have. It is important to make sure that you are not taken by the price alone, as you will need a provider that caters to your needs. For example, if you make a lot of international calls you will need to ensure that you get the best offer for this. Using a price comparison website is a useful way to compare all the offers that you will come across, particularly when you start researching online.
Cut the cost of your water bill
There are small ways to save money without having to change your lifestyle dramatically, and saving on water costs is one of them. Little changes such as turning the tap off when you are brushing your teeth, fitting an efficient shower head and taking showers instead of baths will help you save money in the bathroom, especially when you have a large brood who seem to spend all day in there. You could also have a water meter installed instead of paying a fixed price each year.
Swap name brand items for generic
Quite often we choose the flashiest product without paying much attention to the real differences in functionality compared to another cheaper product. Most of the time you won’t even notice the difference, and small changes like swapping your toilet roll for a cheaper brand, or choosing own-brand pasta instead of a pricier label can make a huge impact on your budget. Choosing to swap essential items that you use on a regular basis such as toiletries and other staples will cut down your costs significantly. Buying in bulk is another way to save money when grocery shopping. Go to wholesale stores that offer bulk purchases such as Costco once a month for the items that you use a lot of or are non-perishable.
Photo source- Flickr
Don’t simply buy something because it’s on offer, but keep your eye out for deals and vouchers as a way to replace what you would be buying anyway. Couponing is a popular way for families to make their budget stretch without compromising on quantity or quality. There are many places you can find coupons and offers; one such website is Coupon Sherpa. Visit their website here for offers and see how you can save money. Being organized with your coupons and being aware of where you can save money will help you fit in a wider range of products into your budget. Keep hold of coupons for special occasions, such as birthday parties or events where you might want to splash out without breaking the bank.
Reduce your fuel costs
Instead of driving everywhere start walking as much as you can. You will be keeping yourself and your family fit, saving on the expensive costs of fuel, as well as reducing your carbon footprint. A fun way for your children to get on-board is to cycle or use scooters as a form of transport. If you do need to drive, then cut the costs of your fuel by shopping around for the best price. As a long term saving option, consider investing in an efficient car or even an electric car. Another option for savvy auto savers is to carpool. Many people are choosing to carpool and fill up empty seats they may have in their vehicle. This will save you money and can be an excellent way to meet people and enjoy a social commute.
Save good quality pieces from your older children’s wardrobe for the younger members of your family. Having to buy new clothes each time your kids grow is an expensive business and reusing clothes is a great way to combat this. If you have one child or children that can’t share clothes for whatever reason, find an alternative. Check with other family members. Most people would be delighted to see their children’s old clothes put to good use.