Running a household with all the money in the world isn’t easy. Running a household on a shoestring budget is even more difficult. But never fear — here are eight money-saving tips to help you not only manage your household but enjoy doing it.
- Asses your outgoings
Before you can make a change, you have to assess your current situation. Where are you spending more money than you’d like to? How much are you spending on food, bills, shopping? Knowledge is power. So, do an internal audit of your household expenses so you can know where to make changes.
- Make a plan
Having something written down and visible can help you stay accountable. So, consider writing out your money-saving household plan or goal on a chalkboard and displaying it somewhere visible. Your goal could be to cut down your weekly food shop spend, to cut out takeaways, or to change utility suppliers.
- Read reviews
Checking out a product, service, or provider before you hand over your precious cash is so important. You wouldn’t drop your child off at nursery before looking it up, so don’t employ a plumber without doing the same. Whether that means checking Starr Wright USA reviews for insurance or a simple Google review check of the carpet layers round the corner.
- Save money in the kitchen
Cooking from fresh can save you cash (alongside all the other health benefits) as you won’t be relying on expensive, pre-made ingredients. Take this one step further and take up batch cooking — this means baking one recipe and using it in the week or month (after freezing – of course!). By making just one batch of ragu, you can enjoy a bolognese, chili, and lasagne all in one week, saving you a lot of time and money.
- Compare prices
By using price comparison websites, you can compare products such as utility bills, phone contracts, and insurance plans. By checking out how well-rated there are and understanding how your plan compares to the market, you can make informed decisions.
- Track your outgoings online
Keeping an eye on your finances is key to saving money. No matter how much or little money you have, personal finance software can keep you aware of your cash and help you manage it. Spent too much in one area one month? Then simply reign it in elsewhere.
- Buy in bulk
Purchasing products you know you’ll use in bulk can save you a lot of money. Costco is one of the best places before you — if you manage your own business you can sign up for a membership and access all their products.
- Buy used
This doesn’t mean sifting through charity shops, nowadays you can buy products second-hand through websites and apps, saving yourself a fortune. From dinner tables to new trainers, people are selling their unwanted objects on Facebook marketplace, and eBay. There are even websites where people put items they don’t want on for nothing – so you can pick up some hidden gems for free. Better for you and better for the environment!