Though the U.S. is climbing out of the economic downfall, many still feel its aftershocks. One of the major ways people have survived the recession and emerged with more money in their pockets than they could have hoped for is by becoming super savers.
Yes, sometimes when you need more money, it’s not just about making more, it’s about spending less. For decades, families across the U.S. have trimmed the fat off their family budgets in order to withstand the national economic turbulence. Of course, saving money often means sacrificing a few things here and there, but in the long run, it benefits the entire family.
If you’re looking for ways to reduce your family’s spending, here are four easy ways you can do so without really sacrificing as much.
Going Out Vs. Eating In
At times, going out to eat may seem cheaper–that is, if you’re only eating off the dollar menu. Sure, fast-food restaurants make it easy for people to choose their food over buying groceries at your local market. But with a thorough understanding of grocery store prices, you can still purchase affordable, healthy groceries, most of which can be used for multiple meals.
Because you’re eating healthier (and cheaply), you’ll also be saving on doctor bills. Eating out everyday could affect your family’s health, so stick to buying inexpensive but quality groceries. You’ll be reducing the chances of your family falling ill due to a poor diet.
Bad habits can also be financial anchors for families. A common bad habit and crippling expense is junk food. Sometimes, kids beg their parents for cookies, fruit drinks, bags of chips, etc., and wanting to make them happy, some parents give in. Not only is junk food bad for their health, but most of these are psychologically considered trigger foods. This means that you can’t just have one chip, or one cookie. In fact, by continually buying junk food, it’s easy to become dependent on them. The more dependent, the more often you’ll buy them and the larger the bill.
Another bad habit that mostly applies to some parents is smoking. Not only is smoking damaging to your lungs and those of your kids (second-hand smoke), but it’s also a very costly habit, with an average price of $11 a carton. What many adults are doing is relying on e-cigarettes in order to both ditch the high costs of regular cigarettes and lessen their harmful effects. To promote life insurance for all people, BestLifeQuote.com has an article that illustrates how some insurance companies offers e-cig smokers non-smoker insurance rates.
One of the best ways to save money is by improving your credit score. Whether you’re looking to rent a new apartment for your family or thinking about buying a family car, having a good credit score can easily help you save a small fortune in the long run. Having a good credit score can also help you score low interests on car, home or business loans, which means working on it is something you shouldn’t rule out when it comes to saving your family big bucks.
Downgrading on your current wireless plan, home internet plan or cable plan could be one of the hardest things for people to do. With a media-rich society, dependency on TV and internet are at their highest and are thus one of the most crippling costs in a family budget. Most people can’t imagine living without these services, but by downgrading them, you’ll be able to lessen your financial burden and still retain the bulk of your services. Think about it, do your kids really need more than 20 MB of high speed internet in their phone? Do you really need access to 1,000 channels? No? Then consider downgrading.
Saving is always a good thing, especially if you have a family to support. By following these simple suggestions, in time, you’ll be able to reap the benefits of your new savings habits.