You’re a great mother, and you take pride in your children’s upbringing. The problem is that money can become an ongoing issue. You need to save cash when you can. Here are four ways moms can stretch the household budget.
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Groceries take up a lot of your monthly budget. Feeding your family is expensive, but you can stretch your money by shopping smarter. Most grocery stores still place ads in the newspaper. When you get the latest sales circular, compile your grocery list. Plan your weekly meals around the loss leaders: the items sold for less than the business would like. You can save a lot of money with a bit of planning.
Do you have some credit card debt? You should think of credit card interest as an invisible gremlin that swallows some of your hard-earned money. The amount of money that you owe will actually increase each month if you have a lot of debt, high-interest rates, and low monthly payments. If you always make minimum payments, you’re giving the credit card issuer cash that you could use for other purposes.
You should research a consolidation loan. Pay special attention to sites such as Prosper and Lending Club. They’re crowd-funded lenders, which enables them to offer better interest rates. You should have no problem finding one with a lower interest rate than your current credit cards. The savings you gain from combining your bills is found money for your family.
When you buy gifts for loved ones, you probably choose tech toys or branded merchandise. You might even offer gift cards. A better option exists. Start personalizing your gifts. In lieu of something that will wind up in the closet anyway, buy a monogrammed frame from Shutterfly using coupons to save money. Then add a picture of your family. Your purchases can even contribute to helping those less fortunate than you.
You should have no problem finding a discount. In fact, a lot of companies have deals that involve charitable donations when someone makes a purchase via Coupons For Good. The next time you buy flowers for a loved one, you can save money while helping charity by using 1-800-Flowers coupons.
Are you still paying for cable? How much television do you actually watch each day? Cord cutting is very popular these days. One of the reasons is that many of your favorite programs are available online. You simply have to pay a streaming service a few dollars a month to gain access to thousands of hours of programming. In fact, you might even find free shows that you like on YouTube.
Similarly, do you have a telephone landline? How often do you use it instead of your cell phone? You should get rid of it. While you’re at it, call your cell phone carrier and ask for a better deal. The worst it can say is no. If it does offer a discount, that’s more money for your family.
As you can see, plenty of opportunities exist to help you stretch your budget. Follow these suggestions to live more comfortably with your current family income.