The beginning of the year can be tough for some families. The holidays usually lead to excessive spending so you often feel the monetary effects after the holidays pass. A brand new year also means preparations for tax time as well. Depending on your lifestyle and business choices, you may owe money for taxes. The New Year also means New Years Resolutions for most families causing for some changes in family spending. For all of these reasons, New Years is often a popular time to think about your spending and savings and ways to improve your family’s financial situation. Below are a few tips to aid in your family’s quest to a money makeover.
The first and most obvious source of a budget killer are utilities and monthly bills. So a key to saving money is to evaluate what you are spending your money on and if you can lower it. Lower your costs and you will have more money available to save. Keep a list of all of your monthly bills and utilities to see if there is anyway to eliminate any. Do you belong to gym but never use it? Cancel the membership! Do you have multiple cable boxes in the house? Do you use them all? Can any of them be eliminated to save money on your cable bill? You can also call your cable, cell phone, car insurance, etc. to see if you are getting the best deal. It’s possible that just by calling you may be able to save some major cash. It’s better to be saving money than uselessly spending it.
An easy way to save money and an easy way to be frugal is by using coupons. Coupons can be used basically everywhere. You can use coupons on groceries, clothing, gas, travel, etc. There are so many places to find coupons. One way they come is through the mail. People often find advertisements, flyers and coupons from their favorite stores in the mail. Most stores ask you to provide your email so that they can send you coupons via email as well. Another popular source now a days are discount sites. Popular sites available are Groupon, Couponcabin.com or Retailmenot.com . Just by going to the site you can find any coupons available for a particular store or service. Depending on how serious you are with using coupons, you can save some major cash.
Stash Away Money
Your everyday spending is something to be evaluated as well. Spending money on little things can add up to major cash per month. The biggest culprit is coffee. If you get your coffee out than it could add up to $50-$100 a month. That could be your water bill, or even go towards your child’s education. It is best to try to put off on purchasing these novelties on a normal basis. If you can’t, then a trick that is good for saving is to stash away money each time you go and spend money on these type of purchases. You spend $2.47 on coffee in the morning? Put the 0.53 in a savings account. Over time it will accumulate to substantial cash.
If you dug yourself a hole and are having a hard time getting yourself out, than a loan may be something to consider to pay off your debt. There are many sources of funding, like norskkreditt.no, that can help you research what is best for you and your family.
These quick tips are just a way to get you started on your way to saving. Obviously there are extremes for each of these but even doing a little bit at a time will help and eventually add up to something. It is important to be disciplined, than you will be able to save for you and your family. Let the new year be a new start for your family when it comes to saving and spending.