5 Simple Money Saving Tips For Families

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We live in tough times economically which means that as a family, you are probably wondering what you can do to save money. It is families after all, with young children to care for and possibly only one working parent bringing in an income that feel the pinch more than others.

Thankfully, there are plenty of simple ways that you can save money as a family. From taking advantage of coupons and discounts to reduce your weekly grocery shopping bill to cutting out non-essential services that you can do without, we’ve put together these five simple money saving tips for families.

Organize your grocery shopping more efficiently

Being organized ahead of your weekly trip to the grocery store can help you save money. Writing out a shopping list of exactly what you need ensures that you don’t end up buying unnecessary items, such as a pack of ham when you’ve already got a small pig sitting in your refrigerator.

Take full advantage of coupon schemes

Coupons are everywhere. You probably know all about the coupons you can find in magazines or your local newspaper, but are you taking advantage of the large number of coupons you can find online or have you signed up to the mailing lists of companies whose products you use regularly in order to ensure you don’t miss out on any offers? There are even websites such as Myfreedeals.Com who will do the hard work so you don’t have to, listing various coupon schemes that could end up saving you lots of money.

Never buy appliances “off the shelf”

When it comes to buying expensive appliances, you can make significant savings with just a little bit of time and research. If you need a new television, by all means visit the appliance store but don’t commit to a purchase there and then. Find a make and model you like the look of and then try and find it online. Chances are you’ll find it cheaper on the internet.

Cut out services that you can do without

Most of us have at least one service that we no longer use and which could be cut in order to save us money. It could be something we’ve signed up for such as that gym membership that proved useful for the first couple of months of the year when our get-fit drive was at its highest, but is now proving to be completely pointless, or it might be that landline telephone that has been rendered all but redundant thanks to cell phones. Take a look through your household outgoings and strike off anything that you no longer need or use.

Sell what you no longer need

Ok, this one isn’t saving money, but more making money. How many of us hold onto stuff we no longer have a use for, leaving it cluttering up a garage of spare room when we could turn it into cash? This is especially true when it comes to children’s clothes and toys. Kids grow so rapidly and their tastes change so quickly that a few years after being purchased, clothes and toys can end up having no use at all. Rather than keeping them, sell them through an online marketplace and recoup some cash.

 

 

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