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Money Saving Tips for Families10/22/2018 Parents can now expect to shell out about $227,000 on each child between birth and the age of 18. That’s a huge amount of money – but when you consider the clothing, food, shelter, education, and other aspects of raising a child, it’s easy to see how your bank account is often dry at the end of the month. Good AdviceHere’s the problem: Lots of money-saving advice requires a complete lifestyle overhaul for you to see a return. Whether it’s switching to a more sustainable lifestyle, or skipping out on family vacations, you simply might not be willing to make the huge sacrifices that frugal living sometimes requires. Money-Saving Tips for FamiliesThe most frugal families know that lavish trips and the latest clothes do not necessarily make a happy family. Reducing bank account strain, however, can help relieve family stress. Shop SmartIt’s imperative that you only shop once and get everything you need in one trip. Heading to the store for a forgotten gallon of milk or an extra loaf of bread can cause you to repeatedly overspend all week long, and plus, it wastes gas. I also like to shop without the kids. When my little ones are with me, it’s harder to stay focused and resist spontaneous purchases – especially when they’re clamoring for them. Invest in Reusable ItemsDisposable goods are usually cheap and super-convenient, but not when you have to buy the same items repeatedly. Your family probably uses a ton of paper products, but why keep spending your cash on them when you can purchase reusable goods instead? Paper towels can cost around $1 a roll – instead, buy a pack of $1 washable cloths and you’ll save money in the long run. Rather than buying plastic water bottles by the case, purchase a filter and aluminum water bottles for each family member to get your water for cheap. Entertain at HomeIf the kids are driving you crazy, it can be tempting to head out to the movie theater or bowling alley just to get out of the house. But your day trips can spell disaster for your budget. ConclusionSaving money with your family doesn’t have to require drastic steps. Instead, small, simple methods can make a big difference for your bottom line.
It might take some getting used to, but getting your family on board with your money-saving efforts makes it easier to gain a little wiggle room in your budget or to add more padding to your savings account. The reduced stress is worth the extra effort. balesloanblog.weebly.com/blog/we-love-local
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