Last updated on May 3rd, 2021 at 03:26 am
When you’ve got a growing family, saving becomes a lifesaver. Every opportunity you have to trim your spending means more money you can put towards your retirement, a new home, a dream vacation, your children’s education fund, 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 something away.
From creative ways to save money at the grocery store to smart financial decisions, there are a lot of things you can do to save money that you may not have even thought of. Next time you break out your monthly budget, try out these smart saving tips.
#1 Spend Less on Credit Card Debt
Who wouldn’t want their credit card bills to be lower? Credit card debt can feel like a nightmare. 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 Credit 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.
#2 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.
#3 Find Coupon Codes
Coupon clipping has entered the 21st century. With so much of your shopping happening online anyway, why not make sure you’re always getting the best possible price? Look for promo codes to use at checkout, and watch the savings add up!
#4 Plan Every Purchase
It’s tough when you’ve got a family. It feels like you’re always running out of everything, and that means running out to pick up one thing, which immediately spirals into this, that, and the other thing. That can quickly burn a hole in your pocket.
Any way to save means you can put more money toward your debt. If you can put more money toward your credit card, it costs you less in the long run. By planning your purchases, taking advantage of online savings, paying less for groceries, and trimming interest charges, you can find more money in your pocket.
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