Are money worries getting you down? Do you wonder how you can manage the family budget and still afford treats for you and the children? Try these 10 practical and easy steps to help you to save money and put you back in control of your finances.
1. Take a positive approach
There are many simple ways to cut your costs so that you have more money to spend. And you’ll feel much more confident when you do take charge.
Instead of worrying about not having enough money, ask yourself how you can generate more money.
2. Save money instantly
Get into a good shopping habit that’s bound to save you money. When you next see something that you think you must have stop and ask yourself ‘do I really need this?’
Impulse buys are often just a passing fancy. And if you really want it you can buy it tomorrow!
3. Keep a money diary
Write down every single item of expenditure for a week and don’t leave anything out. You might be surprised by what you find out about your spending habits.
Once you know what’s really going on and you can start to take control of the situation.
4. Build financial confidence
You’ll only have savings if you save some money! So make sure you put something away every week (however small) and treat this as an essential payment.
As soon as you do this you’ll feel a great surge of confidence – you are now a saver!
5. Reduce your spending now
Think of three things that you can do immediately to reduce your expenditure. Do these things without delay.
6. Join a library
Get free entertainment by joining your local library. The kids will love to choose their own books and DVD’s. And you will too – something for those relaxing, quiet moments when they’ve gone to bed.
7. Cut the cost of eating out
Stop going out to expensive restaurants and invite friends round for a potluck meal. Here are some simple recipes to get you started.
8. Get the best supermarket deals
This is one of the biggest areas where you can cut back on your household expenditure.
Reduce your supermarket bills and compare the different prices at supermarkets so that you can buy your groceries at the cheapest rate going.
9. Make some money
Full- or part-time work are not the only money-making options out there. Explore the simple, quick ways to make a bit on the side. Here are some money making ideas to inspire you.
10. Find great bargains
Check out your local charity shops for good gifts, toys and clothes at give-away prices. You might even find a designer piece at a fraction of its original cost.
Alternatively, get together with other like-minded people for your very own swishing party.