I’ve been thinking lately that my family need to cut back on the amount we spend.
It’s not that we’re bourgeois. More that we’re not as careful about how we spend money as we could be.
There are a few things I’ve come up with that I hope will save my family some cash.
Maybe you could save your family money with some of these ideas too.
Cheaper Grocery Shop
Up until recently I was getting our groceries delivered by Asda.
But I started to get frustrated with the ordering process and the substitutes we kept getting.
So I went back to my usual supermarket shop in Tesco.
I like the fact that you can keep an eye on your spend with Scan As You Shop.
And going forward I’m going to buy many more supermarket own branded items.
They’re usually a lot cheaper and can be of equal quality as branded goods.
I don’t like the experience of shopping in Aldi or Lidl. Once you’re in the only way out is through the tills.
That and I’ve struggled to get my family to like Aldi and Lidl’s own brand food.
Ideally shopping there would be an option because they are cheaper than Tesco. There’s little point though.
Both my experience of shopping there and the fact my family don’t much like the food on offer rules them out.
Buy When Things Are On Sale
A good way to save your family money is to buy things when there’s a sale on.
Pick up a bargain in the January sales or on Black Friday and Cyber Monday.
It’s particularly relevant for electrical goods, furniture, clothing and shoes.
I wish I had a crystal ball so I could see into my kids’ futures during the January sales.
Save your money. You’re going to need twice as much money in your old age as you think.Michael Caine
That way I could find out what they’d like the following Christmas.
When it comes to clothing, there are often discount outlets in out of town shopping centres.
There are bargains to be had on branded goods if you’re prepared to hunt for them.
And if there’s a sale on even better!
Free And Discounted Days Out
When it comes to the school holidays, taking the kids out for the day can get expensive.
Finding free things to do that will capture their imagination isn’t always easy.
Local museums and country parks are often free to visit or there’s a nominal fee.
Searching on the internet, you can find vouchers and money off coupons that will help to keep costs down.
Take a packed lunch with you so you don’t get stung by food prices at a venue.
If the weather’s nice, take a trip to the beach.
Even if there’s no sand kids always love to look through rock pools.
Cut Back On Subscriptions
I don’t know about you but in this crazy world of the internet and connectivity, we went a bit, well, crazy with TV subscriptions. Currently we have:
- BT TV
- Now TV – Entertainment, Sky Movies and Kids
I’m finding that I watch Netflix infrequently because it’s not easy to find what I want to watch.
Quite a bit of what’s on offer is also a bit dated and Netflix originals haven’t done much for me so far either.
I signed up more for the kids but they watch Now TV and BT TV kids now rather than Netflix.
If things carry on as they are for a couple of months, I think Netflix will be something we can dispose of.
Perhaps TV subscriptions might be something you could cut back on to save your family money too.
Avoid Using Credit Cards
The problem with using credit cards is you can come to rely on them.
They can begin to bolster any shortfall in your family’s income and start to grow arms and legs.
If you can avoid using credit cards you’ll save your family money in the long run.
Interest payments on them are like throwing money away when you consider the interest rates the credit card companies are charging.
The only time to use a credit card is if you already have the money available so that when the bill arrives you can pay it off in full.
I tend to use a credit card when buying electrical equipment or a family holiday.
They give you extra protection in case anything goes wrong with your purchase.
But in most cases I’ve saved the money up beforehand.
What Are You Doing To Save Your Family Money?
Are there any other things you’re doing to save your family money?
One of the best things I ever did to keep on top of money was to invest in You Need A Budget (YNAB).
It helps you keep on top of your finances and is flexible when you need to change things around.
If you like the look of it and sign up by clicking the button below, you’ll also get a free month of YNAB.