Saving Money on the Household Budget – Your Say!
Firstly, may I just say how astounding it is that I am mentioning the B-word again after this post!
But I am because I wanted to share with you something that is rather foreign to me – I am getting a little bit, shall we say, excited about the task at hand! Over the past couple of weeks, I have looked into ways that I can make small changes around the way I do things, which make a BIG impact on our family’s hip pocket.
Some of the biggest changes, and the dollar value of saving have been:
No More FFF (Fast Food Friday) – This was a habit that we fell into and never thought much about it. We would have either Chinese, Thai, Indian, Sushi Train or Pizzas. This cost us between $75 – $100 per week. Annual Saving – up to $5200
Giving up Ice Break and Take-Away Coffees - The hubster is a fan of Coffee Break and would have 2-3 bottles a day (not only is this crazy expensive but so so so unhealthy). I would have a takeaway coffee about three times a week. An average week would cost us around $80. Annual saving – up to $4680
Review Electricity charges - I called our electricity provider and asked how we could pay less. By simply entering into a contract, and setting a direct debit, we are saving % on our bill. Such small changes, with no impact on us, but saving $55 per quarter! Annual saving – $220
Phone and Internet - we have separate accounts for our home phone and Internet. By bundling them together so that we receive just one bill, and entering into a 24 month contract, we are saving $20 per month. Annual saving $240.
These small changes have had minimal impact to our lives, but could save us up to as much as $10,340 over one year!! **Did your chin just hit the floor? Mine did when I worked out the figures. UN-BEE-LIEVABLE!**
I now make a coffee at home in the morning and put it in my Contigo Travel Mug from Howard’s Storage Solutions. I still get my coffee while out and about and it doesn’t cost me a cent! (well it does cost a few cents if we are being technical)
I’m certainly a learner when it comes to budgeting so I thought I would ask some of the experts for more ideas! Some of the responses for ways to save money from the fabulous Mummy Smiles Facebook community were:
Trish – There are some great bargains online for just about anything. Never pay full price on things like toys etc!
Shirley - Meal planning. And don’t go to the shops!!
Leila - Do your shopping online, even if you don’t puchase online, you can get a total of what your list will cost and then know that is all you need to take with you.
Olivia - Laundry and dish washing powder: you only need 1/4 of what is suggested to use. Not only will you save money, but your machines and clothes will last longer!!
Natural New Age Mum - I have been doing a lot of opshopping for kids clothes – have scored designer labels, barely worn for under $5! Also we use the library for books, dvds, cds. Less clutter if we borrow rather than buy.
Kahlia – Buy second hand baby stuff on Facebook or eBay then as soon as they are grow out of them sell them off again. Often you will sell them for around the same price as you paid for them. Use bicarb and vinegar as cleaning products, much better then expensive cleaning products.
Jade - No takeaway !!
Lisa – Buy basics at Aldi (also try a new product each week if you’re unsure about making the swap). Work out how much all of your bills cost and determine how much they cost each week, put that aside into a high interest account then when bills come you’ve got the cash. Turn off appliances when not in use
Leanne - Shop the specials at the supermarket. If you use something a lot buy enough to get you through until the next special. Turn the heater down/aircon down just 2 degrees and save $$. Turn lights and TV off when no one is there. Open the curtains first thing in the morning then the lights won’t get used. Always have an easy meal ready to defrost in the freezer to avoid Take away (just cook extra spag bol when having it for dinner).
Michelle - Make as much of your own food as possible. Biscuits,cakes, cleaners etc. and most importantly if you don’t need it don’t buy it.
Chelsea - Shop with cash. You will be surprised at how much more careful you are with money when you are watching in leave your purse.
So many great ideas and I am on mission to uncover more!
So tell me, do you have any more ideas that you would like to add?