Last updated on October 18th, 2022 at 10:39 pm
We’d all love to save more money, but when you’ve got a growing family, saving gets a whole lot harder. Don’t throw in the towel though, because it can be done! Every little bit you can trim your spending means more money you can put towards your retirement, a new home, that much-needed vacation, your children’s education, or an emergency fund. Whatever your financial goals, you can start turning them into a reality when you find more room in your budget to put a little something away.
From creative ways to save more money at the grocery store to smart financial decisions, there are a lot of things you can do to that you may not have even thought of. Next time you break out your monthly budget, keep these tips in mind.
4 Smart Ways for Moms to Save More Money
Spend Less on Credit Card Debt
Who doesn’t want their credit card bills to be lower? Credit card debt can feel overwhelming. It’s always there, waiting for you to pay it off, and worst of all, it costs money every time you carry that balance over. Interest charges sap your ability to save and cost you more every month, even if you’ve stopped using your card.
There is a way to spend less on your credit card debt and make more progress paying it down. Through credit counselling, a certified counsellor from a non-profit credit counselling agency can negotiate with credit card companies to provide relief on interest charges. They can reduce or even stop the interest you have to pay on your debt, meaning you have more money at your disposal.
Keep a Well-Stocked Pantry
When you’re trying to save on groceries, it’s often tempting to leave things off your list, even if you know you’ll need them later. But a well-stocked pantry can save you money – and a whole lot of last-minute trips to the grocery store.
With a few shelves full of all the basics, you can cut down on unplanned trips, and you’ll be ready to whip together those “whatever’s still in the fridge” meals. The secret ingredients of a well-stocked pantry include:
- Dried or canned beans;
- Rice, oats, pasta, and your favorite dried grains;
- Canned fish that can be stored indefinitely and instantly add affordable protein to any meal;
- Nuts and dried fruit;
- All your favorite spices to transform a meal instantly.
Use Digital Coupons and Savings Apps
Coupon clipping has entered the 21st century. Make sure you always “clip” your favorite grocery store’s digital coupons online. Most stores have this program, which allow you to click the coupons you want to save to your store loyalty card so the savings appear at checkout.
When shopping online, use cash back apps to save. There are many to choose from nowadays, like Swagbucks, for example.
Set a Budget and Plan Every Purchase
Speaking of grocery shopping, planning your meals and making a list before you go to the grocery store is a terrific way to save more money on your grocery bills. Actually, creating a budget and planning your purchases will save you money no matter what kind of shopping you’re doing.
You might be surprised at how much impulse purchases can add up to over a week or a month. Sticking to a list of just what you need for meals and snacks, and even better planning meals around what’s on sale, will yield huge savings.
Any way you can save more money means you can eliminate debt and build savings faster. By planning your purchases, taking advantage of online savings, paying less for groceries, and trimming interest charges, you can get ahead.