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8 Money-Saving Tips for Moms

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You don’t have to spend a lot to live well. Even with music practices to pay for, new clothes to budget into the back to school year, and widely attended birthday parties to throw and celebrate, you as a mom can keep your finances in order with ease.

These tips will help moms become frugal on saving money without having to skimp on things that matter. You as a mom can learn how to be resourceful and learn new strategies to save money.

Whether you are new to the frugal mom way or a lifelong saver already, check out these tips to learn new ways to save money within your family!

1. Make a budget

Creating a budget is the most important step to taking full rein on your family finances. To start, make a list of your family’s financial goals. What do you want to achieve? What do you want to use with the money you save? For instance, you can aim to save up for a family vacation. You can even start saving up for college for your children or holiday gifts.

Then make a plan of action. Identify your income and expenses for the month. Be sure to make calculations. Subtract the amount you owe for essential payments like mortgage payments, utility bills, car payments etc. Next, you need to decide how much you will divvy up remainder of the money. How much money do you want to spend on entertainment, going out to eat, or extracurricular activities?

2. Create a menu plan for the week

Planning a menu at the beginning of the week can help save time and money if you are a busy mom. Start by creating a menu for the meals of the week and then the grocery list of the items you will need. Buy items in bulk whenever you can as sometimes you can save more by doing this. Stick to your grocery list to avoid impulse purchases.

If you have time, you can do all of your cooking at the beginning of the week. freeze your meals to be eaten. Then you can heat the frozen meals up and have quick and easy meals.

3. Look for sales

Take a look at sales at the grocery stores near you to see what is on sale. You can plan your meals accordingly to what is on sale for the week. Consider joining loyalty clubs at grocery stores to get exclusive deals and earn rewards.

4. Hunt for coupons and promo codes

Find coupons for everything online. Coupon and deal sites that feature special offers, deals, and promo codes are in hundreds of categories. Check out Top Money Saving Sites for Moms!

5. Go generic

Generic products often equal their name-brand counterparts in quality. You can save money by gong generic with dry good products, such as baking powder, sugar and spices. Cleaning products, over-the-counter meds, beauty products, and diapers are also some other great generic items you can save money on.

6. Dine out

Dining out with the family can be fun. There is nothing wrong with splurging on a restaurant every now and then. When you do dine out, make sure you take advantage of kids-eat-free days offered by many major chain restaurants. Check out these 12 Restaurants Where Kids Can Eat Free!

7. Keep an eye out for yard sales

Sometimes you can find hidden treasures within yard sales, such as toys, name-brand clothing, and more. Visit yard sales at the end of the day when garage sale hosts might become more eager to clear out their merchandise. You may even try combing purchases to score a better deal.

8. Live an eco-friendly lifestyle

Living an environmentally friendly lifestyle not only protects the earth but saves you money. There are several ways you can do this, such as using cloth napkins and reusable water bottles. Swap out the traditional light bulbs for florescent lights which uses around 30 percent less energy and can last ten times longer! Also get in the habit of turning off lights whenever anyone leaves a room that will also save you energy and cut down your energy bill.

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