A Quick Guide To Cutting Your Family
tips on how to cut household budget
We all know the feeling. The end of the month is looming, and the bills are
stacking up. The money just isn’t adding up. Your outgoings are larger than your incomings! That means more money
on the credit card and more bills through the letterbox. Raising a family is hard enough, without the shadow of
debt and bills hanging over you.
Today, we’re going to show you some of the best tricks and techniques to cut your
family bills. Hopefully, we’ll free up some much-needed cash at the end of this month for you! Save enough, and you
might even afford that family
holiday you’ve always wanted, on your new household
|By cutting your family bills, you will save more money to
be able to afford other things you want or your family needs. (Image:
Change your energy
Many families tend to stay with the same energy suppliers out of a misguided
loyalty. It no longer pays to stay with the same company, as they all cycle their offers and discounts. So, rather
than sticking with your same expensive bill, look for a cheaper alternative. We recently switched to
Click Energy and cut
our outgoings. Take advantage of whichever company is offering the best introductory offer at this point in
time. Next year, you can switch again!
If you own a family car, you know how expensive it is! Cars drain the family
budget like nothing else. The monthly loan repayments or lease is a struggle in itself. Then you’ve got petrol
costs, tax, insurance and parking
to consider. You can reduce all of these outgoings by changing the car you drive. Opt for a car with better fuel
economy and a lower insurance bracket. A smaller car will also incur lower lease payments. That’s three bills
instantly cut down.
Online discounts and money-back
Before you buy anything online, always look for a coupon or discount. There are
plenty of sites out there that specialise in online discounts. Even a small discount on big purchases can have an
impact on your overall costs. Next, look for money-back websites. They give you up to 40% back on purchases like
insurance, holidays, and household items. Don’t ask us how they work, but it’s well worth taking
|Shop online for coupons and discount websites to further
save on your household purchases, leaving your more money to spend or save. (Image:
Cut back on usage (for
Now, we know this is easier said than done. But the more places you can cut back,
the more you’ll save in your family budget. Make sure you’re turning off lights and appliances throughout the home. Studies show that this saves up to a third on energy bills. That
might not sound like much, but if you can make similar savings elsewhere, that’s a big impact. Try and cut down
on using the car and your phone.
Rethink how you pay your
We instinctively pay our bills on a month by month basis. But, did you know that
you’ll get a much better deal when you pay the full amount upfront? We know that families can’t always afford a big
cost like this. But, if you can gather the cash together, try to pay certain bills all at once. Finally, never let
bills roll-over. You’ll pay much more in interest, and make things harder for yourself.
Following this advice, you’ll shave plenty off your outgoings. Remember, small
savings add up to a big difference over the course of a year.