Money saving Tips for Families

By John Sage Melbourne

“Watch the pennies and the dollars will look after themselves.”

Have you ever heard that expression? It’s a great mindset to be in to accumulate wealth every day. More importantly,it reflects a wealth mindset,and it’s something every family can and should adopt.

If you can be mindful of your money when small amounts are in question,these savings add up to big things. With that in mind,let’s talk about ideas to save you pennies,and before you know it,you’ll have dollars to do big things with.

* Organise your grocery shopping. How often does your trip to the shops get derailed by impulse purchases? We’ve all been there â and supermarkets are masters at distracting our attention into a hundred different directions that we didn’t plan. So write a list and stick to it. That way you only walk out of the store with items you planned to get BEFORE you went in.

* Eliminate one service each year that you can do without. It’s hard to ‘adult’ without help. Professional services are a godsend to busy families,be they gardeners,cleaners,or mechanics. However,many of us can save money by doing simple things ourselves with a little time management. Could you wash your own car or dog? Could you mow your own lawn? Or do your own activities with the kids rather than pay for their third extracurricular activity?

* Participate in â and use â your rewards programs. It would be a challenge today to go to a store that doesn’t have some kind of rewards program. With anything,there are good programs and others that aren’t worth the effort of carrying around the card. Participate in programs that reward generously and frequently,and that don’t expire.

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Never fly when you can drive. Do the maths â do you really need to fly? Is it cheaper to drive? Especially when you have a few kids,the cost of a flight can add up. Also,a family road trip is the kind of event that kids remember their whole lives,so seriously consider driving to keep money in your pocket.

Sell what you no longer need. Families accumulate vast quantities of ‘stuff’ over the years,most of which aren’t truly needed. Sell what you don’t need,clear out the clutter,and collect the cash.

Buy clothing in thrift or discount stores. Kids grow out of clothing so fast it makes your head spin. In fact,so fast the clothes are hardly worn before they don’t fit! Shop in thrift stores for clothes,a little hunting will reward you with clothes in great condition at a fraction of what they’d cost new. In fact,never buy new what you can get second hand â and apply this principle beyond clothes!

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