Keeping the financial situation under control can be a challenge, especially for a family. Many people have a goal to spend less in order to create an emergency fund, save for a vacation, or fund a retirement account. However, many suggestions for keeping the family budget under control involve cutting out all discretionary spending. Some people have the self-control to follow this plan, but most people need suggestions that aren’t so drastic.
If you want to save more money, there are some things you can do that don’t involve cutting out all “fun” spending from your life. Here are some suggestions that can help you stick to your budget while still enjoying the occasional splurge.
1. Clip Coupons
Coupons aren’t just for groceries anymore. You can find discount coupons for local entertainment areas, restaurants, and services such as oil changes. You don’t have to spend hours clipping physical coupons from the flyers in the paper. There are numerous online coupon sources for a variety of items including groceries, technology, clothing, and activities. Some stores even allow you to use apps so you don’t have to print and carry physical coupons.
2. Vacation in the Off Season
If a family vacation is one of your goals, consider traveling somewhere in the off-season. For example, take a trip to a ski resort in the summer, or head to a theme park during the school year. Not only will you avoid the typical vacation crowds, but you’ll likely pay far less for accommodations and activities than during the high season.
3. Take Advantage of Rewards Programs and Special Pricing
Nearly every place has a rewards program nowadays. Movie theaters, coffee shops, credit cards, and clothing stores are just some examples of places that reward customer loyalty with free items, cash back, or reduced prices. Think about any places you frequently attend and sign up for the available rewards programs.
4. Shop in Bulk
If you think buying in bulk means you have to commit to a two-gallon tub of olives, you’ll be happy to know there are many other options. While bulk grocery shopping can be helpful if you have a large family, there are other warehouse shopping choices as well. You can find online warehouse retailers that sell overstocks of furniture, clothing, technological devices, and household goods. You can also use a subscription program to save on recurring purchases such as pet food, paper goods, and cleaning supplies.
5. Renegotiate Your Bills
One money-saving strategy that many people overlook is trying to save money on recurring bills. While you might not be able to change your rent or electrical bill, you may be able to negotiate a better deal on your cell phone rate, cable bill, or your car insurance. The best way to enter a negotiation is to do your research and then contact your cable provider or a local insurance agent. Lay out your situation and see what options are available.
If you are looking for a way to save a little money on the family budget without cutting out all fun spending, there are several options. Coupons, off-season vacations, and rewards programs have many benefits and you may also be able to find a better deal on insurance or cell phone service.
