4 Money-Saving Tips for Growing Families

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If your family is growing quickly, like I think they all do, then saving money is probably a top priority for you. I know it is for us, as we are continually looking for new and creative ways to do just that. Baby items, new clothes and shoes for growing kids, and an expanding grocery bill are constantly moving target, which makes balancing your budget a challenge. No matter how much money you have or make, there are a few surprising ways you can save money while taking care of your family.

1.     Unplug Appliances

This may sound crazy, but the little things add up after a while. Turning off the lights and switching off the TV when you leave a room have probably already become money-saving habits, but how about unplugging appliances you do not use every day? This may also help shave a few dollars off your electricity bill each month. Appliances that you typically use once a day, such as the toaster, blender, or coffee maker still use electricity, even if they are turned off. Pull the plug on these babies each morning and you should see a small decrease in your monthly bill.

2.     Avoid Impulse Shopping at Discount Stores

Shopping at discount stores for your kids’ school supplies, marked-down clothing, and even pet food can help you save money. However, when shopping, you have to tackle it with a plan. Do not go in for one thing and buy ten others. Avoid impulse shopping. The price cuts and wide selection of items in these stores can provide the temptation for you to fill up your shopping cart with way too much stuff, before you realize it. Purchasing all those extras, even if they do not cost much, can add up when you get to the register.

It’s easy to avoid this pitfall, though. When you shop at a discount store, make a list of the items you plan to buy before you leave home. When you arrive at the store, stick to the list and let your kids know you will not be straying from it, no matter what. They are on the see-buy plan. It’s like the seafood diet, but it pretty much means they want to buy everything they see in store, no matter what it is! This is a killer. Maybe they could stay home with grandma and grandpa sometimes…;o)

3.     Review Your Vehicle Insurance Policy

If it has been a while since you took a look at your car insurance policy, it may be time to give it another look. Fees, wasted coverage, and other money-sucking issues may be jacking up your bill more than it needs to be. Before your next payment, sit down with your local representative and review your current policy together. Look at factors such as whether you require collision on your vehicle, what kind of new safe driver rewards you now qualify for, and whether tweaking your car insurance policy might result in lower monthly payments. And don’t be afraid to make the switch! Complacency is a big reason your bills could be higher than they need to be. All these things could add up to big savings.

4.     Sign up for Customer Rewards

While using customer rewards used to fill up your wallet with a jumble of cards you had to present at checkout, today’s customer rewards are largely digital at many stores and can go a long way when it comes to saving money with coupons and other discounts. Before you start signing up for discount clubs, take the time to sit down and decide where you can save the most money. Ask yourself where you shop the most often, where are you most likely to use coupons before they expire, and which stores offer the best perks to maximize your savings.

Juggling the family budget can be a huge challenge for any parent, but if you know where savings can be found and how to use them effectively, go for it. With a little bit of effort and some modest planning, you could easily save money each and every month. This really adds up in the end and can make for some significant savings each year. That’s something that’s always worth the effort.

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