6 Ways To Save Money At Home

6 Ways To Save Money At Home

Being a grown-up has its perks but adulting can leave a sour taste in the mouth when it comes to paying your bills. Regardless of whether you rent or own your own place, you will likely have similar outgoings (on different levels depending on your lifestyle, where you live etc). Utility bills, the dreaded grocery shop, council tax and more, it all adds up so most people are looking to save money at home.

We have a fairly decent income as a household but found ourselves frustrated with how slowly our pension savings and everyday savings were adding up so decided to make ourselves a 2019 frugal living challenge. So far, so good (another blog post with an update will be ready shortly). In the meantime, here are six things to consider if you want to save money at home. 

Start Buying Supermarket Own Brand Products

Although it’s nice to buy branded items in your food shop, buying store brand items can make a world of difference to your shopping bill. You don’t have to purchase every single item of your shopping as a store brand item, but buying cheaper items for a portion of your shopping will help you cut costs dramatically. The best thing is, most of the time you’re not sacrificing on taste or quality. The vast majority of my shopping is own brand or similar (apart from my coffee, sorry, I’m a coffee snob).

Save Money at Home By Cutting Down On Utilities

When it comes to using your utilities, it may feel as though there is not a lot you can do to cut costs, but ultimately it comes down to your provider and how much you’re using. There are lots of different programmes that tell you how to reduce your bills, putting you on the best possible plans for your home and your usage. For more information, you can find out how to integrate your satellite billing here.   

Get Rid Of Any Unnecessary Expenses

If you’re really trying to save money each month then you need to take a look at all of your outgoings and work out what is an unnecessary expense. Whether it’s your Netflix plan, Spotify or the gym membership you don’t use – cutting these expenses out of your budget can save you more than you’d think in the long run. Often people find that they have direct debits for things that they have completely forgotten back and no longer use, so it’s worth going through your bank statement every few months to keep on top of this.

Start A Side Project That Earns You Extra Money

Saving money can be incredibly difficult if you don’t have much disposable income to start with. Starting a side project that earns you extra money is a great way to ensure you have a little bit extra to put away each month. Whether it’s making your own crafts, joining a scheme like Avon or starting your own blog – that little bit of extra money can make the world of difference.

Consider Starting A Savings Account Or Piggy Bank

Although it may seem as though an obvious choice, starting a savings account or piggy bank that you actually put savings in to is a great way to motivate yourself to start saving more. As you see it slowly building you’ll feel encouraged to save more and more each time. For tips and tricks and adding to a savings account, you can visit this handy guide here.

Sell Unwanted Belongings 

Finally, a great way to save money at home is to have a good clear out and start selling and unwanted belongings you have. Whether it’s clothing, books or electronics – 90% of the time you’ll find someone who wants to purchase your old unwanted items online. For a guide on selling items online, you can visit this website here. Facebook sell sites are my favourite places to shift clutter and make some money back.

Are you looking for ways to save money at home?  Let me know your top tips in the comments section below.

4 Tips for Freeing Up Your Finances

4 Tips for Freeing Up Your Finances

If you’ve been reading the blog you’ll know that in January I started a family Frugal Living challenge, aimed at cutting back waste, sorting our finances and putting more into our savings and pensions. It can be tricky to balance budgeting with raising a family. Financial security is important for everyone — especially those of us with children.

Fortunately, there are plenty of ways to manage costs as a parent. Here are four ideas that could help.

Plan Spending in Advance

To stay on top of your finances, why not plan all outgoings in advance? By doing this on a regular basis, you can avoid splashing out on products that you don’t need.

In turn, you could make massive savings. Store a simple cash flow document on your phone to make sure that you can view it anywhere. This way, you can instantly squash that desire to spend impulsively by seeing how it will affect you later in the month.

Instant mobile access is also useful if it feels like you rarely get five minutes to sit down at your laptop or tablet. Let’s face it, that description applies to most of us as parents. But you needn’t let your busy family life get in the way of managing your finances.

Work from Home

If you’re a stay-at-home parent and miss the thrill of work, don’t worry. You can easily transform a passion into a successful home-run business. In fact, self-employment has almost doubled over the past 18 years. As a result, there’s more support than ever available to people who want to make cash by doing what they love.

Do you want to free up your finances, get your teeth stuck into a long-term project, and be there to support the kids? If so, this could be the perfect money-making solution for you?  I’ve been a freelancer for nearly 13 years, 9 years full time which is something that I chose to do so that I could still earn and be flexible around my family’s needs.

Prepare for Rainy Days

Nobody knows what the future holds. Sometimes, darker periods can occur. And when they do, it’s useful to have a financial back-up in place. Should an event or issue affect your income, with savings you’re fully prepared to deal with it. With this contingency money, you and your family can remain financially secure whatever the circumstance.

In addition, putting aside small amounts for your retirement could help you to stay financially afloat well into the future. This is what we’re working hard on at the moment.

So long as you contribute regularly to your fund, there’s never been a better time to start saving than now.

Enjoy Free Activities and Days Out

I mentioned this briefly in my Frugal Living February Update blog post. Saving money doesn’t have to be boring and we don’t always need money to have a good time. Free days out can be fun for everyone.

What’s more, you won’t be paying to enter a popular destination – you’ll be doing whatever you’ve arranged solely as a family – so this is also likely to bring you all closer together.

Parenthood can be challenging enough without the stress of financial organisation. But when you know how, you can easily arrange your finances and attend to your family at the same time. Once you’ve dealt with the money side of things, you’ll be able to enjoy life to the full. And this will benefit everyone in the family.

 

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