In today’s society it is not uncommon for one of our main stressors to be money. Most parents today are worried about how they are going to make ends meet month to month. This struggle can be more difficult for single or single earning families. Living paycheck to pay check makes it difficult to save money for emergencies, college tuition, activities, and overall needs. This can lead parents to feel frustrated and even doubt their own abilities to take care of their family.
Put Aside. When possible setting aside a certain amount of money either every two weeks or every month is a good way to start creating a savings or an “Emergency fund.” Even setting a couple dollars a week aside will eventually add up and be helpful in the long run.
Use Coupons! Due to the advances in technology, there are many great apps on Android and IPhones that have stores which offers coupons. Groupon is a good app to use to find out what specials are going on in your community. Before going shopping try finding coupons online for the items you need in order to reduce the cost. Remember, every little savings helps. It also adds up over time.
Save Change. At the end of the day have the family put all there lose change in a bottle or container. Save the money for when times are rough and extra cash is needed or use it for a family trip/outing.
Sell/Give Away. Look through your house and see if there is anything you have not used in the last six months to a year. Ask yourself: Do I really need this item? If you think you will not use it either sell it or give it away. This could be a way to get extra cash in your pocket.
Start A Business. Examine your skills. See what skills you have that can help you earn extra cash.
Be Wise. Be smarter when it comes to buying things. Look to see where you can buy the item for the cheapest price. Also, ask yourself, if this is something I Need Right Now or is it something I Want? Asking these questions can help us become smarter about spending our hard earned money.
Splurge (a little). Once a month if you have done a good job saving money, take the family out to dinner or do something fun together.