Whether you have a small or a large family, budgeting to make sure you can live a comfortable life is important. You don’t need to have a ton of money to enjoy yourselves and have everything you need. These 5 family budgeting tips will help you:
Teach kids the value of money from a young age
Teaching kids the value of money from a young age is a great way to teach them a life skill and save money. For instance, giving them pocket money and encouraging them to think about saving/spending it wisely.
Plan your meals
Planning your meals will save you from buying ingredients you never use, and you’ll be able to make your weekly shop far more cost effective. The kids will have fun helping you think of meals too.
Going thrift shopping with kids can actually be a lot of fun. Books, clothes, and all kinds of other items can have more character when buying secondhand. Some items are even close to brand new for a fraction of the price.
Have cheap entertainment days
You don’t need to spend a fortune at a theme park to have fun. Have family games nights, film nights, and go to free museums.
Make sure you shop smart. Only make one trip to the food store, as going more often for forgotten items will waste money on petrol and quickly add up. Always look for vouchers before shopping too!