Practical Ways To Save Money

Saving money on a tight budget can be done. Some families often wish they had more money at the end of the month, but the truth is that you can. When there are larger families involved, that means more monthly expenses. It also means that more corners can be cut to save money. Most people do not realize that just a few simple everyday changes can result in more savings. Here are some great ways to save money as a parent that will leave you feeling satisfied.

Use Coupons

If you haven’t used coupons by now or don’t know about them, then it is certainly time to start. Grab a paper every week and start clipping out coupons. The average family can save hundreds a year on groceries and toiletries alone with coupons. Some stores will double your coupon making it more valuable and when you catch a good sale you may even get that extra loaf of bread for your house for free, yes free.

Check the weekly ads and pair them up with your coupons to find the lowest price and buy only items you have coupons for. Some people may also buy more than one paper and cut out multiple coupons or get their coupons online. If you find something on sale for really cheap, even if you don’t need it right away, buy it. You will need it anyway and chances are the price will go up and your coupon will expire next time you need it.

Buy In Bulk

Not everyone may have an army to feed, but you can certainly save money by buying food or other items in bulk that your household needs. There are club stores which sell exclusive wholesale items that are cheaper than if you buy them separately. So if your household goes through a lot of cereal or peanut butter it may be well worth it to purchase and annual club membership and buy items in bulk. Typically, it costs around $50 a year but you can save that in one shopping trip by buying items in bulk.

Turn Out Those Lights

Even saving on your electric bill every month can save you money at the end of the month and you certainly do not want to pay for it if you are not using it. You want to turn out lights in your home when you are not using them and you would be surprised how much your electric bill can go down. Simple enough, but it still is a way to save money.

Combine Trips

This is another simple way to save money. If you are taking your kids to school every morning and need to run errands, do them all at once! It can save your gas bill and you can feel good about getting all your business done early in the week. You can also start out a car pool by gathering other parents and taking turns driving the kids to school throughout the week. This will also save not only the environment but can put more gas money in your pocket.

Open A Savings Account

You can start a savings account at any local branch bank and add even just a minimal amount of money in there whenever you want. You will be surprised how this adds up.  You can save even for a family vacation or your kids’ college in no time.

Anum

Anum Yoon is the founder and editor of Current on Currency. She loves all things personal finance, which is why you'll find her work all over the PF blogosphere.

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