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Tag: budget

5 Ways to Be More Frugal with Your Money

5 Ways to Be More Frugal with Your Money

*This is a collaborative post.

Being frugal is a great way to reduce the amount of stress you feel when it comes to handling your money. Let’s face it, hefty bills and a less than perfect bank account balance can be enough to keep even the most laid-back families up at night. Not to mention, stress over money can lead to issues with your relationships too.

Unfortunately, changing your spending habits isn’t as simple as just deciding that you’re going to spend less and save more. While you might start with good intentions, you still need a plan of action in place to make sure you achieve your financial goals. Here are just a few of the ways you can be more frugal with your money, without exposing yourself to additional cash headaches.

  1. Start with a Savings Plan

The first step in successful saving is automating the process as much as possible. For instance, look at your budget and figure out what you need to spend money on every month. That means separating the essential costs like utility bills, mortgage, and rent expenses, from other costs like the price of weekend entertainment. Once you know what your essential expenses, set up direct debits wherever you can so you don’t have to worry about remembering to pay them.

While you’re setting your direct debits up, make sure that you set up a payment to send a small amount of your income into a savings account each month. Not only does this make saving automatic, but it also ensures that your extra cash is out of your current account, and less likely to tempt you.

  1. Eliminate Waste

One of the biggest reasons that we spend too much money each month is that we over-spend on things we don’t really want or need. For instance, how much food do you end up throwing away each month because you made too much for a family dinner, or you didn’t have chance to use up ingredients before they went out of date?

Get rid of waste by carefully planning your meals and the other things you’ll need for the week and buying only that amount. Not only will reducing waste help to protect your finances, but it will create a healthier planet too!

  1. Buy Everything at a Discount

It’s easy to assume that you’re simply getting the best deal for everything you buy, but unless you search for better deals and discounts, you’ll never know. While the idea of searching through the web for free coupons and voucher codes might sound exhausting at first, you’d be surprised how quickly you can find a bargain. Using sites such as dealsplanet can be a brilliant place to start.

Although you might not have time to find a voucher for absolutely everything on your shopping list, it’s worth at least putting some extra time into your search when you’re buying a big-ticket item like a new TV or a pair of expensive shoes.

  1. Grow your Own Food

A great way to reduce waste and minimise the amount you spend at the supermarket is to grow the food that you use the most often in your yard. There are plenty of great guides and articles out there that teach you how to nourish your own fruits and vegetables from scratch, and you don’t need a lot of space to grow most of the vegetables that you know and love. In fact, there are certain plants you can grow on your windowsill, or in a window box.

If you enjoy working in your garden, then you’ll also have a fantastic free way to entertain yourself, without spending any money on trips to the cinema or expensive restaurant meals too! You can even get the kids involved to make gardening a family event.

  1. Keep on Top of your Spending

Finally, a great way to be more frugal with your money is to make sure that you keep on top of your spending whenever you can. This means not only tracking the amount you spend on everything from food to bills, but also making sure that you’re getting the best deals from your suppliers too. For instance, every few months, it’s worth going online and comparing your utility bills.

Check you’re getting the right deal for the amount of gas and electricity you’re using, and compare other things like broadband packages, television, and even interest rates on existing loans. The more you focus on finding new ways to reduce your spending, the better off you’ll be.

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Having an Enjoyable Family Summer Without Breaking the Bank

Having an Enjoyable Family Summer Without Breaking the Bank

When school’s out and the kids are around the house a whole lot more, it might seem difficult thinking of enough things to do to keep them all occupied during the summer, especially if money is a little tighter than you’d like.

Thankfully, having fun through the summer doesn’t have to be so hard. Auto Advance loans can be one simple and helpful way to secure a little extra cash to see you through the summer, and this short guide provides you with some ways you can have fun with the family in summer without having to spend too much money.

Getting out in the sunshine

The British summer can bring with it some beautiful weather, even if it’s known for being a little unpredictable at times. If you’re near the coast, why not take the family down to the beach? Sun, sea and sand, where the family can relax, sunbath, or play around as much as they’d like, all for no cost.

If the beach isn’t an option, you could instead prepare a picnic and take the family over to a local park? Bring a few toys, like a football or Frisbee, and the kids will be able to tire themselves out after some food.

Other families might even have the same idea, meaning your kids could have more kids to play with, and you might even make a few new family friends.

Keeping active

Towns and cities often have dedicated cycle paths, or certain scenic routes, that you can take together. Consider taking the family out for a bike ride through some of your local routes.

It’s a way to get the family out in the fresh air, and it’s great exercise at the same time. Just make sure to take plenty of water with you to keep everyone hydrated.

If you don’t own any bicycles, there’s nothing to worry about. Many shops are beginning to offer bike rental schemes for a small fee. It won’t cost much either, so it’s not too difficult to budget for if money is tight. If it’s possible to stretch the budget a little, it might even be worth buying the bikes so that they’re always available and ready to ride at home.

Educational family fun

Local museums and art galleries often have free or discounted entry during the summer periods, or they work on the basis of free entry with an optional donation, meaning you can spend some time doing some engaging and educational without spending any money.

Maybe your kids want to know a little about local history, or they’re beginning to get really invested in some specific period of history. If they’re interested in something, it’s certainly beneficial, and easy, to make it a day out by feeding their curiosity. They’ll enjoy learning more about their current obsession, while letting the whole family have some fun together without needing to spend much, or any, money at all.

Having a great summer doesn’t have to cause you unnecessary stress thinking about how to pay for expensive and entertaining things for the family. This guide shows that there are a wide variety of options available to all kinds of people who are looking for events and activities with any budget level, however tight money might be at the time.

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