A recent survey estimates that the average family of four requires a household income of £36,800 to meet all financial costs comfortably. Whether you are close to this figure or not, there are ways of making the money that comes into the household stretch that little bit further; read on to discover how this can be done.
Insure the Important Items
When funds are sparse it can be tempting to avoid the cost of insurance, but this is very risky and could result in you spending a small fortune to replace or repair damaged or stolen goods. Aspects such as car insurance are a legal requirement; however it’s also worth looking at what contents insurance can cover and other specific insurance companies for costly items such as mobile phones.
Discover Free Activities
If you have young children, it can seem like every activity costs the earth with even a simple trip to the cinema costing a family of four around £35 before the popcorn has even been bought! With a little imagination and research, you can find a plethora of activities in and around your area for all the family to enjoy. From taking the kids to the nearest beach and preparing a pack-up at home to signing up for email alerts on what’s happening within your community such as festivals and annual events, you can keep everyone entertained on a shoestring budget.
Create a Food Plan
Before you head to the supermarket, sit down and work out a meal plan for the week. From this, you can streamline your shopping list in accordance with the meal plan and make sure nothing has to be thrown away because it has gone off. As well as evening meals, put together a lunch plan for pack-ups as this will ensure a healthy and varied lunchbox can be put together throughout the week which is good for you and the children too!
Use Vouchers for Special Occasions
When you have reason to celebrate, whether it is a birthday or perhaps to congratulate a child on great results at school the first thing that pops into mind is a meal out. A fantastic way to dramatically reduce the cost of this is to search for vouchers online; from pizza places offering buy one get one free pizza to family friendly pub chains doing 2 main meals for £6, you can make sure eating out doesn’t break the bank. Try to be open minded in your choice to make sure you get the best savings and you could find a great new family favourite!
If you are looking for ways to save money as a family, these tips have been proven to make a positive difference to monthly budget. Government schemes also offer personalised budget plans so it’s certainly worth heading online and getting your free plan to help you organise your outgoings.
Sophie works alongside www.mobileinsurance.co.uk and makes sure those important possessions are appropriately insured to avoid nasty unforeseen costs. She also shops in accordance with a food plan and has found this has decreased her food bill quite drastically.
I'm Louida from Atlanta, Georgia and I'm a mother of two daughters, blogger, and full time working mom at a Business Consulting Firm.
I love helping others learn how to start working from home on the internet free to supplement their current income.
I also blog at Productreviewmom.com
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