As a parent, there’s a lot of responsibility on your shoulders. You have to look after the kids (and possibly a big kid, depending on what your partner is like) and possibly go to work. Obviously, the lifestyle of the modern-day mum varies from individual to individual, but there’s one thing that we all worry about: money. Keeping your finances in order can be difficult when you face so many costs on a daily basis. It’s time to get your budget in shape so that you can improve your family’s financial situation. Here are some smart ways to improve the bank of mum.
Start meal planning.
How much money do you spend on meals every week? If you’re not sure or the answer often varies then you might want to think about putting together a structured meal plan. That doesn’t mean your children need to eat the same thing every single day, and it doesn’t mean that treats such as chocolate are off the table. It just means that you need to plan ahead. Make food shopping a structured part of your weekly or monthly budget. You should know how much you’re going to spend on food every time you head into the shops or make an online order for delivery. If you want to cut costs whilst still feeding your family healthy and nutritious meals then you should consider buying food that can be prepared and cooked at home. Avoid the ready-meals; get lots of vegetables, pasta, and other things that you can turn into home-cooked feasts. You might find that the bank of mum has more available funds if you reduce unnecessary costs on your weekly food shop.
Have a car boot sale.
Another way in which you could improve your finances is to have a car boot sale. It’s a win-win situation; you’ll get to get rid of the clutter in your house and make some money at the same time. You could get your kids to sort through their things to see if there are any old things they want to sell. Perhaps you have some nice jewellery that you never wear. You might even want to check the attic and look through your old belongings. If you do some research on toys worth money from the 80s then you might find that some of your childhood possessions are now worth far more than they were a few decades ago. Of course, you might want to offer some of the profits to your parents if they’re substantial.
Save money on your energy bills.
Like many homeowners, you might be wasting more money on your household utilities than you realize. You can obviously cut water costs by taking shorter showers and cut energy costs by turning off lights when you leave the room, but there are bigger ways to slash your utility costs. In particular, you could massively reduce your monthly energy bills by making small improvements to your home. For starters, you might want to add a thicker glazing to your windows to better trap heat in your house. That way, you can turn your heating down and still keep the house warm.