10 Step Guide to Family Budgeting
We have heard, read and seen in the local media the 2018-2019 national budget announcement. It will definitely influence cost of living and how we spend. Therefore, it is important that we look at some ways we can cut down our spending as a family. But how can we all ensure we are spending our money wisely and effectively allowing us to keep track and see where our money truly is going? Let’s break down our expenses into some simple sections below and see how we can tackle them.
Keeping track of how much food is being used in comparison to how much was bought is so much easier than you may think. Every week look at what food was left over and wasted, try and cut these products out of the next shop and see if you are able to work without them. As well as this, go around supermarkets and look for cheaper alternatives, non branded products work just as well as branded. When food comes on offer that you buy on a regular basis, shop in bulk, freeze the items and slowly work your way through. This is one of the easiest way to slowly cut down your spending.
Try and watch what food you are eating and maintain a healthy and balanced diet, get you and your family more active. Going on evening walks or weekend strolls together is such a simple way to get back into shape. By keeping a healthy lifestyle there’s less chance your family will get ill on a regular basis requiring a visit to the doctor and the purchase of drugs. Keeping healthy can considerably cut down your medical expenses.
Every year the price of cigarettes continues to increase and is one of the biggest expenses eating away our pockets. Try and quite smoking, not only will this cut out your outgoing costs but will contribute to you living a healthier lifestyle and standing more chance of being in good health when you reach your older age.
When you aren’t using your water ensure you turn your taps off properly, turn your water supply off at night to cut down the usage going through to your taps. Try and save all your dirty pots and
Try to quit smoking (photo source:en.wikipedia.org)
Save water - save money! (photo source:en.wikipedia.org)
Keep track of your food expenses Photo: Jone Luvenitoga.