For many, money is tight at the moment. 2020 has been a difficult year and lots of people have been made redundant or business has significantly slowed down. If you’re someone who has been affected by this, you and your family might need to reduce some of your expenses. But it’s not easy telling your kids that they need to change their lifestyle. So, here are some simple ways to reduce family expenses.
Driving can be expensive. Regularly filling up the tank and paying for parking means that it’s a constant expense. Plus, you run the risk of being involved in a car accident, which could be costly (although, if it wasn’t your fault, you could be entitled to a settlement loan following a car accident. Check out a financial loan company for more information). So, reduce family expenses by driving less. Encourage your family to be more fit and healthy by walking more, or taking public transport.
We all know how quickly the cost of food can escalate. A few meals out a week can quickly add up to over $100, especially if you’re feeding a large family. So, reduce family expenses by meal planning and cooking at home more regularly. Be organized by taking lunch to work and giving your kids packed lunch instead of cash to buy their own. You can also be particularly money savvy by creating a vegetable plot in your garden and growing your own greens.
Unplug your devices
The electricity bill always takes people by surprise. How does it add up so quickly? Often, this is due to electrical appliances being left on – even when they aren’t being used. The kettle, TV and microwave standing idly could be the reason for your hefty bill. So, get into the habit of switching things off at the plug. It’ll reduce costs and your house will be safer, too.
Shop around for insurance
If you haven’t shopped around for insurance in a while, now might be the time to take another look. There are plenty of companies offering deals and they tend to be competitive with one another. So, shop around and try to find a better deal. You might be able to haggle a little if you’re currently with a leading competitor.
Go shopping less
It’s easy to spend money when you’re constantly being tempted at the mall. While there is such a thing as window shopping, if you’re often surrounded by exciting new items you’ll find it difficult to avoid spending. So, try to find some different weekend activities instead of longingly gazing at things you should buy. Why not enjoy a picnic in the park or a trip to a free museum or exhibit? There are plenty of ways to enjoy a free family day out.