Why The Family That Stays Together Saves Together

We all have personal goals that we would like to accomplish when it comes to finances, but when a family lives together it can be a lot easier to save money if everyone who earns an income learns to work together.  A family of four that can generate income from each person can serve as an example of this principle.  The parents are usually the ones who handle the bills in the house while kids are normally allowed to do as they please with their earnings.  Often, in this scenario the family has four vehicles, TVs, different eating schedules, and many more independent expendituers. In the tough economic climate we live in, this kind of lifestyle can be wasteful.  If  families could learn to cooperate. the savings in everyone's wallets could be enormous.  Particularly, three areas offer the most savings - transportation, food, and energy.

1. Transportation
Normally, a family such as the example above will own four vehicles.  Since each member is earning an income, they are responsible for their own fuel, insurance, and car maintenance.  A car is a strain on anyone's wallet so why is it important for each family member to have a vehicle?  Naturally, everyone wants the freedom to go wherever they please, but a little cooperation and carpooling could ease the burden on everyone's wallet. Reducing the number of family vehicles to two can reduce transportation expenses by half.

2. Food Consumption
Since everyone is a breadwinner, chances are they all want different kinds of bread to eat, so what happens is mom or dad by groceries for everyone, but the kids don't like the kind of groceries purchased so they use their money to purchase things they like.  Again, family cooperation can go a long way to helping everyone save money in this area.  If the kids like certain food that no one else enjoys, then a good compromise would be to have them contribute money towards the grocery bill.  Mom or Dad could then buy the kinds of foods everyone wants to eat and the result is the kids spend less of their money on going out to eat, and the parents spend less money on groceries.

3. Energy Consumption
This category can be a bit trickier.  A common scenario for this family of four comes during entertainment hour.  Everyone has their own room furnished with a TV, computer or some other electronic device used for entertainment. So, what happens is each family member is in their own personal space doing their own thing, but this can be quite wasteful when you take in the fact that two family members might be watching the same show or running two different air conditioners in the house.   A family who interacts together can also save money together.  A good compromise would be for the family to plan one or two family nights each week.  This means all four members are in the same room using the same electronic device, thereby consuming less energy and reducing energy bills.  The other fact is when a family interacts together, they bond more and the spirit of cooperation becomes easier for everyone!

Bill Fingerling likes to write, spend time with his kids, cook and visit http://www.flowerdelivery.net/.