• Financial Articles 20.09.2016
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    Better Family Budgeting – Easy Tips and Tricks

    Having a bit of a hard time with the family budget? Well, don’t fret too much for there would always be ways through which you would be able to maximize what you have without sacrificing the necessities. Before we get to the tips,it is important to note that for a household budget to actually work you would need to be disciplined about your purchases and make sure that you stick to what you have planned out. This is also one of the major reasons why some people have successful household budgets whilst others are still struggling to put theirs into action. The keywords? Discipline and prioritize. Now on to the tips.

    1. Use cash. You may have heard of this numerous times before but very few people actually do it. Continuously using your credit card to pay for everything that you purchase makes you feel like you have an endless supply of money— up until the bills come. Only then will you realize that you cannot afford most of what you’ve bought and would have to deal with the consequences now. Using cash would help you avoid all of that. By paying with cash, you would be able to control your spending as well as properly gauge just how much you can afford to spend. It is one of the most effective ways that you can use if you want to stick to the budget. So lock away those credit cards and start carrying just enough cash for the day.

    2. D.I.Y. Doing things yourself is not only a creative endeavor but it would also help you save on a heap of cash. For example, instead of buying birthday, thank you and invitation cards, it would be much cheaper to just go and make these yourself. It would be more personal and the recipient would definitely appreciate it more given that you’ve put a lot of effort into creating it.

    3. Shop off-season. It’s summer and the mall is having a clearance sale on all their past season items. This is a great opportunity for you to get these items at a significantly lower cost when compared to the original price. But who needs winter jackets right now? Well, you might not need one at the moment but come winter again, you’ll definitely be able to use. What’s a few months of waiting when you can save a lot of money? So buy seasonal items during off-season periods.

    4. Take advantage of family packages, discounts and coupons. Going out for a meal with the family? Try going online and search for discounted packages or coupons. They might not pay for the entire meal itself but you’ll be able to take off as much as 40% off the price of your total order. Keep in mind that many restaurants offer such deals to attract clients. So take advantage of it. The same applies to traveling. Many travel agencies, hotels and resorts offer these kinds of discounts and packages so make sure you check those out as well.

    5. Turn the TV off. These days, people spend a good amount of their lives in front of the television. Not only is this unproductive, it also makes people lethargic. So if you and your family have a day off, do not spend it watching television. Instead, bond with each other through family activities. Bring out the board games, try your hand at crafting or go out to the park for a picnic (prepare the meal yourself, it is much cheaper!). There are plenty of things that you can do away from home. Not only will you be able to bond together, you’ll also be saving money on the electric bills while you’re away.

    So there you have it, just a few of the things that you can do in order to save a bit of money whilst making sure that you and your family are still able to enjoy a quality life.

    Posted by vwah012015 @ 11:27 pm

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