It’s widely known that there can’t ever be enough money, right? No matter how much you’re making and how big your family budget is, you’ll always be short for something you or someone from your family wants to have. Helping your family save money can be one of the biggest challenges you’ll face.
Although your regular salary is and should be your primary source of income, there are lots of other stuff you might want to consider doing in order to save a buck or two.
As the saying goes, ‘’penny saved is a penny earned’’. Therefore, optimizing your spending and keeping track of your money will ultimately add up to a great extent and help you strengthen your family budget in a long run.
Putting Finances Under Control
First of all, the best way to bolster your budget is to get better at money management. There are a couple of neat tricks that will help you get better at it.
- Running a spreadsheet of monthly expenses and knowing where each dollar goes and for what. This can help you locate possible leaks in your budget in the form of paying a subscription for a service you’re not actually using for example.
- Making a premade lists before you go shopping. Every housewife knows that the true savings start with a grocery list. With that being said, sticking to those lists will help you refrain from possible impulsive buying that can damage your budget to a large degree looking long-term.
- Open a savings account. Commit to saving a certain percentage of your salary every month. It doesn’t have to be a large sum. However, smaller installments will most likely add up to a respectable sum in the long run and can help when the need for some big expenses arise.
Selling Old Stuff
Lots of junk in the basement? Your kids would like to play in the attic but they can’t because of old dusty drawers getting in the way?
Do you really need all this stuff around the house and is it really necessary to keep them around if you are positive that nobody will ever use them again?
One thing you can do and that won’t take much of your free time either is to organize a garage sale. Also, if you don’t have your own garage (or you’re simply not up to organizing one such event), you can always put your things up for sale on the Internet. Less hustle – possibly the same result.
If becoming a single mom taught me anything it’s that I can really do whatever I set my mind to only if I focus my energy in the right direction. So I began to nurture that entrepreneurial spirit in me.
One thing that we all dream about is to do what we love and to get (handsomely) paid for it at the same time. And with so many options on the Internet today, it really shouldn’t be much of a problem, even if you’re not that much into computers yourself.
Don’t worry! Doing some of this doesn’t require from you to be a computer geek in order to achieve. So, brace yourselves to list of the things you might consider doing on the side, apart from your regular job:
- Run a blog. We all have some topics we are knowledgeable in. Why not share your thoughts and ideas with the whole world through a blog or even a Youtube channel?
- Start a subscription box business or just an ordinary e-store. Subscription box businesses were really booming lately and one information that really got to me is that more than half subscription box owners are in fact female entrepreneurs.
- Invest your money in stocks, bonds, deposit it in the bank or even invest in cryptocurrencies.
Armed with these three tips you’ll be well on your way to saving money no matter how small, because remember: every little bit counts.