INSIDE: With these family budget tips, you can take small actionable steps toward overcoming the stress that comes along with managing household finances. Read on to get some inspiration!
One thing that we all despise is bills, right? But, they need to be paid!!
If you’re worried about money, you’re not alone. Financial worries can have a negative impact on our health, with many people struggling to sleep at night because they’re worried about how they’re going to pay their next bills.
If this sounds familiar, this blog post is here to help you. Read on to discover some useful tips on how to manage your family budget effectively.
Family Budget Tips
Here are my best tips when it comes to managing a family budget…
Work Out a Daily Budget
The first place to begin is by opening a spreadsheet and putting together a budget for yourself. Your budget does not need to be difficult. You do need to get into the habit of maintaining it, though.
All you need is one column for your incoming money and one column for your outgoing money, and then you can see what is left. This can be an eye-opening experience, but you have to be honest and actually write everything down.
Then, you can see if you need to make changes to ensure you have a bigger amount of money leftover or whether you can afford to put some money into your savings.
Ask For Reductions From All of Your Suppliers
This is one of the best family budget tips I can give you!
You’d be surprised by how many deals suddenly become available when you tell your TV provider that you are thinking about leaving! The same goes for your gas supplier, electricity company, and so on.
A lot of people don’t realize that they can actually negotiate cheaper tariffs when it comes to their utility bills. You can save yourself a lot of money each month by doing this, so it is definitely worth exploring.
Furthermore, you should make a note of when your contract ends for things like your television and mobile phone. That way, you can call them before the end date so that you can negotiate a new contract before you end up being moved onto the most expensive monthly payment, which is what will happen otherwise!
Start an Emergency Fund
Aside from the suggestions that I’ve made so far, it is important to have an emergency fund in place. After all, you never know when something could go wrong around your home! From leaks to needing an air conditioning repair, these situations have a habit of springing themselves on us at the most inconvenient and unexpected times.
Let’s be honest, there’s never a good time to have a backed up toilet. But when it does happen, you can’t just shut the door and not use the bathroom.
But it’s easier said than done, especially when you’re paycheck to paycheck. I feel you. I took us years to get to the point where we had any money leftover to save at the end of the month.
And that leads me to my next family budget tip…
Get the Universe to Work With You
When it comes to family budgeting, the hard truth is you’ll never have “extra” money if you’re constantly demonstrating to the universe that you don’t expect it.
The law of attraction is a very real thing and until you get it working on your side, you’ll always be struggling financially.
That’s what took us so long – we couldn’t get out of the rut we were in of having a broke mentality. If you’re always saying “We can’t afford that!” or “There’s never any money left over,” there never will be.
You need to work on raising your vibration so that you are attracting better things to you and your family. This is of the utmost importance!
Save Something, Even if It’s $5
If all you can manage to save is $5 a month, do it! Maybe you forgo that Starbucks coffee one morning or bump the heat down one degree. Pick a number that you can save each month and do whatever it takes to save it!
The thing is, once you manage to save $5, it will be something you can feel good about, and then you can start increasing it in increments. You’ll find yourself thinking creatively about new ways to save money because you’ll look forward to seeing that money grow each month.
I hope these family budget tips inspired you to get a better handle on your household budget. When this part of my life started clicking, it opened up doors in many ways, and I can’t wait for that to happen for you as well.