Family Magazine

Parents’ Guide to Saving Money

By Smilinglikesunshine @smilinglikesuns
Piggy Bank
Times are hard for millions of families around the world. The need to cut spending on everything from food and energy to days out is urgent, but some are finding that making even the smallest, most negligible saving is nigh on impossible. Fortunately, you could be able to save a little money for your family by being savvy and keeping your eye out for any discounts you can take advantage of.
Writing down a list of what you need to buy each week in terms of groceries, toiletries and clothes and sticking to it rigidly will help you to avoid making impulse purchases. Buying something on a whim can be costly, especially if you do it every week. You might also want to look at what you bought previously and see what you can do without – luxury foods, more expensive branded items and bottled water are all unnecessary if you’re trying to cut costs.
Going on days out can be expensive. Staying at home more often and doing something with the kids like watching a film or even going out to the park can help to save the pennies. If you do decide to venture out to the cinema or a family restaurant, you could look at the discount codes over on Netvouchercodes.co.uk as you could find special money-off vouchers for families that will make it easier for you to afford the luxury of going out together.
Something else you could do in order to save money for the family is to set money aside in a savings account. Even putting a small sum into it on a weekly or monthly basis will add up over time to something much more substantial. Ideally, you should open an account with a high interest rate, as you will get more from your money, while you could put more in if you’ve spent less than expected.
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 Image credit:Flickr

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