Top 3 Money Saving Tips for Families

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Sometimes family life can seem like a whirlwind, and when you look at your bank statement at the end of the month you can wonder where your money went. By taking a little extra time to budget, you can save your family hundreds. You could put these savings towards whatever you want, whether it be saving for your kids’ future or splashing out on the holiday of a lifetime. Here are our top tips for saving money in your household.

Cutting that Food Budget

It is likely that food is one of your biggest outgoing costs. One of the ways this escalates quickly is through eating out. Even it is just once a week, meals away from home adds up quickly. One of the main reasons we consider getting a takeaway is that we do not have anything planned for dinner that night. This temptation can be eliminated by introducing a meal plan to your household. By planning your meals, you also reduce your food shop bill by avoiding buying things you don’t need. You can serve up a meal every evening for as little as £2 a head, which will do wonders for your bank balance by the end of the month.

Bringing down your Energy Bill

Another huge outgoing cost is utilities. You may not immediately be in the position to invest in a solar panel or waterless toilet, but there are simple, everyday actions you can be taking to reduce your energy bill. Make sure you turn off lights in rooms not being used, and do not leave the television or radio playing when no one is listening to them. Limit the time your kids spend on the computer or in front of the television; instead encourage them to read or play outside, as this is beneficial to them too. Simply cutting your shower time by a few minutes can help. These are all habits that it is important to teach your family so that everybody is on board with bringing those bills down.

Spend Less Shopping

Instead of heading to the nearest high street shop when you need something, why not consider getting it second hand instead? With the internet at our fingertips, second hand shopping through websites such as eBay has never been easier and can save you a lot of money. You also have the option of going to a charity shop, where you not only save money but give to a good cause too.