MomsGetReal Guest Contributor Jessica Watts
Lowering your overall spending begins by monitoring how much you spend in the short term. Creating weekly and even daily budgets will result in an overall reduction in your spending habits and an increase in your savings. By examining where you waste cash and taking actionable steps to start better habits, you can be on the road to saving money in no time. One of the main places where people spend cash on a daily basis is food. Here are three quick and easy tips to lowering your weekly spending on meals and getting your finances on track for the long haul.
You might think that only stay at home moms cut and use coupons, but these cost saving squares can add up to big savings for anyway. Free monthly circulars and grocery store mailings can offer a variety of different coupons that are catered to you based on your spending habits. You can also search online for coupons related to specific products. While each coupon only saves a few cents or dollars, over the course of your weekly meals you will notice a difference in your spending. By the end of the year, you may have saved hundreds or even thousands of dollars.
Rethink Your Shopping List
Refine your shopping list to include only the essentials. When you cut back on even a few items you will see a difference in your long term budget. During your weekly grocery shopping trip, consider buying the store brand of your necessities instead of a name brand. You may be able to save at least a dollar on each item just by getting the store version of a food item, and the ingredients are usually similar or identical to the name brand you’re used to.
Make a weekly schedule with the meals you will prepare. Having a solid plan eliminates your need to eat out, which is usually far more expensive than preparing a meal at home. You can enjoy fresh produce and ingredients every night of the week by using your own groceries instead of getting food to go, and save eating out for special occasions. Make it a habit to sit down on Saturday and make a list of meals and shop for the ingredients. When you stick to it, you can avoid most mid-week grocery store trips and the need to purchase meals from restaurants. Planning also lets you send your kids to school with meals instead of having to pay for a meal plan in some cases.
Lowering weekly spending will ultimately lower your overall spending. By sticking to these few tips, you can create new habits for your family that allow for more saving and the ability to spend your extra cash elsewhere. Don’t feel guilty about splurging on a nice meal for a special occasion – changing your weekly budget doesn’t mean you can never indulge, just that it shouldn’t be done every day if you want to lower your expenses.
Jessica Watts is a finance expert. She loves writing about saving money on personal finance blogs. She recommends Sumo Coupon website for money saving tips and fascinating vouchers and coupons.