Tips For Stretching Your Household Budget To The Max!
Managing your household budget is never easy, especially when you’ve got kids that constantly need new clothes, shoes and gadgets. As the United Way ALICE Project reveals that 43% of American families can’t afford basic amenities such as rent and food, it’s a worrying time for many households in the country. However, there is light at the end of the tunnel as not only is it easy to make cash from your home, but these top tips will help you in stretching your household budget more effectively.
Avoid bank fees
Why pay your bank to keep hold of your cash when there are plenty of alternatives out there? Fees at traditional banks have increased rapidly over the past few years, so make the effort to switch to bank which doesn’t charge an annual or monthly fee, although, these are few and far between. Another option is to avoid traditional methods of banking altogether and opt to to use the services of a credit union or online bank. Some institutions will check your financial history before they accept you as a customer, but there’s no need to worry as there are plenty of businesses that offer check accounts to individuals with varying financial pasts.
Switch and save
Switching brands of food, clothes and shoes can save you thousands of dollars if the whole family agrees to the switch. Furthermore, switch your cell phone plan to a cheaper alternative or ditch it altogether and opt for a prepaid plan. The average American spends $45 a month on their cell phone plan, so you can see how a family of four’s budget would significantly benefit with all members of the household making the move to a plan which costs half as much or even less. Don’t forget to downgrade your internet and television service packages too as this will also help to keep your bank balance looking healthy at the end of month.
Do it yourself
Whether it’s house repairs, a garden makeover or even a takeout, save each year by doing it yourself. The internet is full of videos and tips to show you how to do any job around the home, while making your own takeout – or fake out – means you can enjoy some tasty food on the strictest of budgets. The Bureau of Labor Statistics reports that the average American family spends in excess of $3,000 a year on eating out at restaurants and on takeout. While, spending quality time with your family over a meal you haven’t had to prepare is nice, the cost soon adds up, so save your household thousands and have fun as a family preparing your favorite meals in the comfort of your own kitchen.
Household finances can be a tricky thing to master, but, there are always ways to make cutbacks and to stretch your budget further. Think wisely about where you store your cash and avoid paying hefty bank fees at all costs. Switch products and brands wherever possible to make your money go further and avoid paying out for work and expensive luxuries wherever possible.
![Giveaway June Logo](https://peanutbutterandwhine.com/wp-content/uploads/2018/06/June2018-1.jpg)
![Memorial Day Logo](https://peanutbutterandwhine.com/wp-content/uploads/2018/05/Memorial-Day.jpg)
2 Comments
Tamra Phelps
I’m definitely a person who likes a good deal. I get a little thrill out of getting a good deal on everything from groceries to cable to furniture.
Anna Pry
I think its fun sometimes to figure out ways to cut our spending. Usually can find a place where a bill has crept higher and get a lower rate, or just a thing we’ve started purchasing that we can do without