Big Family, Small Budget: How and Where to Cut Costs

By on January 17, 2019

As your family continues to grow, your monthly bills could begin to skyrocket. If that sounds like your own situation, then you need to start thinking about some ways that you can reduce your expenses. Here is a look at a few steps that your family can take to cut costs without making any major lifestyle changes.

Rethink Your Entertainment 
With modern technology, keeping your family entertained is more affordable than ever. Instead of paying for thousands of channels that you never watch, you might want to replace your cable with online streaming services. Over the course of a single year, that transition could end up saving you hundreds of dollars. Many of those services also allow you to rent relatively new movies for the entire family, and that means you won’t have to spend money on multiple tickets at the movie theater.

Start Meal Prepping 
Another simple and effective way to cut back on your monthly expenses is to meal prep at the start of each week. Every Saturday or Sunday, you and your family can sit down and plan out most of the meals for the week. You can then shop around for the best prices on all of the ingredients that you are going to need. Having plenty of fresh and delicious meals in your refrigerator will help you avoid late night trips to fast food restaurants as well.

Buy Your Next Vehicle During a Sales Event 
You will probably need to invest in a large family vehicle at some point, and keeping an eye out for sales events could save you quite a bit of money. It might be tempting to pick up a used vehicle, but repairing and maintaining an older car or SUV can be very expensive. As long as you are patient, you should be able to find a new Subaru for sale or another similar vehicle that is well within your budget. Many dealerships schedule sales events around major holidays and long weekends.

Upgrade to Smart Appliances 
There are a few different reasons why you should consider replacing some of your older appliances with smart appliances. In addition to using less energy, smart home appliances are also designed to last for years. Those devices can usually be controlled through a mobile app, and you will be able to connect to them from anywhere in the world as long as you have access to the internet. At the very least, you should think about upgrading to a smart thermostat to reduce your heating and cooling costs.

Sticking to a family budget is never going to be an easy task, but you could end up saving thousands a year. With that extra money, you will be able to pad your retirement account, take an extra vacation, or simply build an emergency fund.

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