When you’re trying to get a hold on your finances as a parent, it can feel really overwhelming! Take a look at these budgeting tips for families, and see if any of these changes could help you.
Check your Food Bill!
One of the biggest outlays as a family has GOT to be the food budget!
You can combat this a few ways. Firstly, you can check which supermarket works out cheaper for what you usually buy. It’s also a really good idea to write up a weekly food plan, to organise not only what you’re going to cook, but the ingredients you need, so that you don’t end up adding lots of extras you wont need.
Another of our tips is to do batch cooking!
Don’t turn your nose up at the idea of buying things second hand.
Not only can you save an absolute fortune on things that are often still brand new with the tags, you’ll also be playing a part in helping the Earth too!
Whether it’s clothes, shoes, toys, books, home decor or more, you’re sure to be able to find what you need on sites such as Ebay, Facebook Marketplace, Depop, Vinted and in real life places like Charity Shops and your local Car Boot Sale.
Keep an Eye on Subscriptions
Trust me, we’ve been there…
You’ve got subscriptions coming out of your eyeballs for services you’re not even sure you know exist. Whether it’s streaming services, monthly game payments or something else, make sure to do a monthly check up of what you and your kids are subscribed to.
The smaller payments add up!
Utilise FREE Days Out
It’s easy to feel like you should be providing your children with magical and expensive days out, but actually there are so many places out there that are either minimal cost for parking or are free.
Local parks, splash pads, forests, rivers, community pools. They’re all there to be used and enjoyed. And packing a picnic will save you on money spent eating out too.
Most councils will throw free events during holidays, so keep your eye out for those.
Sometimes vouchers through the post can get annoying, but it’s definitely worth paying attention to ones that will be of use to you at some point. Whether it’s Healthy Start vouchers, that help with the costs of milk, fruit and veg, or toy catalogue vouchers for birthdays and Christmas, a voucher can really help at times when you’re struggling.
Reward cards such as Tesco Clubcard, Boots Advantage Card and Nectar Card will build points for you on your usual shopping, which then eventually turn into useful points or cash for you in return.
Don’t underestimate how much you can build on these by simply remembering to use them each time you shop. Even if you forgot about them all year, you could utilise the rewards each year at Christmas.
Saving a Small Amount each Week
Having a large amount of money readily available when it comes to Christmas or birthdays is often overwhelming to consider, so why not try popping away a small amount each week. You can either stick to a set amount and track it, or you can adjust and add more when you can.
Don’t Go OTT at Christmas & Birthdays
I did a post about Budget Kids’ Birthdays, and I feel very passionate about this one. You DO NOT need to put yourself into debt to show your child that you care, or that their day is magical.
Buying used, prioritising one main present, homemade decs, recycled decs, less wrapping… All the small changes add up to big savings.