Easy Money Saving Tips Mums Need to Know
Easy Money Saving Tips Mums Need to Know – If you’re living from paycheck to paycheck, then you may already know that saving can be a daunting task. If we can be honest, money is a touchy subject. From taking care of children’s needs to paying your monthly bills, being frugal can seem like a hopeless cause. However, there are simple ways to save for a rainy day and Alpha Car Finance has you covered.
Create a budget
This may seem obvious, but a lot of families do not take the time to create a budget. If you’re not setting a budget, there’s a good chance you’re throwing away your hard-earned money. When you create a budget, you can easily track where each dollar goes thereby giving you absolute control over your finances.
If you need some guidance in creating a budget, you can do some research and find useful information and advice from finance experts and real moms.
Speaking of advice, many finance experts will tell you that the first thing you should do before anything else is to pay yourself. No matter how much amount is left after paying all your monthly bills, do your best to save at least 10 to 15 percent of your discretionary income.
While it may seem difficult, this is an effective way to get into the habit of saving. Over time, it will become second nature, and make a big difference when you need money for a rainy day. Trust me, you’ll be glad you did.
Map out your meals
No matter how busy life gets, find the time to plan out your meals at the start of the week. Doing this will not only help you save money but also time. Once you have mapped out your meals for the week, you can efficiently organize your grocery list. This will help avoid buying items out of impulse when you are at the supermarket.
Also, take advantage of coupons or reward programs that are being offered at your local supermarket. If possible, you can also save money by buying sale items in bulk. Just be mindful when you buy items that will spoil quickly, like milk or produce.
Avoid wasting water and electricity.
Sometimes, a huge portion of our budget goes to hefty utility bills. However, we can easily cut down these bills if we teach our children to conserve water and electricity. Remind them to always turn off the lights, the TV, or other electronic devices when not in use.
The same can applied to your water consumption. Always check your faucet. Some of them may not be fully closed or have a leak. It’s these small but effective changes we do that counts.
Sell things you no longer use.
You might be surprised at how much stuff you have collected over the years that are no longer in use. Clean out your storage or closet and see if there are items that are still working fine but you don’t want or need anymore.
Have a garage sale and encourage your neighbours to buy. A simple post on your social media accounts will get the word out to your friends or family.
Get a side gig
Whether you are working full-time or a stay-at-home mom, it’s a good idea to have a side hustle. This is an excellent way to put your other skills to good use and earn additional income. There are plenty of opportunities for you to bring in extra cash.
If you have a car, you can offer to drive people to the airport or take the elderly to visit their doctors. If you have a laptop and internet connection, you can be a part-time virtual assistant or even become a blogger and write about your experiences in living a frugal life. Not only are you helping other people, but you are also increasing your income.
These are just of the many ways you can do to save, but we’re sure you have your own ideas. If you have some money-saving tricks to share, we’d love to hear them. Please leave a comment so that other people may benefit from your tips.
* This post was contributed by Alpha Car Finance.