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Practical Ways To Save Money For a Large Family

Updated on March 7, 2012
jpcmc profile image

I'm a dad a husband & a Christian first. The rest is just life's add ons - an educator, administrator, learning & development professional

Money is not the root cause of all evil, it's the lust for it.
Money is not the root cause of all evil, it's the lust for it. | Source

Surely everyone wants to save cash. Whether it’s for your retirement fund or for your children’s future, squeezing every penny is an important task. But with the rising cost of this becomes difficult to do. However, there are simple ways to save money and not feel the excruciating pain of cutting the family budget.

Money saving tips on food budget

Everyone needs to eat. But food budget often takes a toll in any family budget. If you have a big family, this can even be a greater concern. So here are some ways to save when it comes to food consumption:

  • Big buy is best buy
  • Whole pieces of chicken instead of pre-cut ones
  • Buy sale items
  • Have a menu for the week
  • Cook your own food rather than buying cooked food
  • Grow your own food – herbs are great ways
  • Cook in bulk rather than cooking for each person
  • Recycle leftovers

Remember that you need to provide sufficient nutrition to your family. Cutting the amount of food is not a real solution. Rather, spending wisely is how to save money without compromising your family’s health.

Every drop counts.  It's a cliché I know.
Every drop counts. It's a cliché I know. | Source

Money saving tips on utilities expenses

Utilities like water, electricity, gas take a huge bite from the family budget. Because of this, there should be changes in the way utilities are used. Here are some tips on how to save money on utilities:

  • Switch off and unplug unused appliances
  • Buy power saving equipment (check for the energy rating)
  • Check faulty wiring and water line and fix it ASAP
  • Regularly check appliances
  • Use power only when needed
  • Explore renewable sources of energy and equipment that use them

When it comes to utilities, the basic idea is to conserve energy. Whenever possible, use energy-saving devices. Moreover, equipment that use alternative sources of energy will be a wiser choice. Solar and wind energy is becoming an indispensable part of the home. It’s about time you make the switch.

Pucca Beach, Boracay, Philippines
Pucca Beach, Boracay, Philippines | Source

Money saving tips on travel and vacation expenses

Saving money does not mean you have to deprive your family of travel or vacations. Instead, plan your travels wisely so that you can spend only what is necessary. Here are some money saving tips on family vacations:

  • Off-season travel is usually less expensive
  • Compare prices before you book
  • Get package tours – usually comes with transportation and accommodations
  • Sharing rooms will lower vacation cost
  • Look for special discounts and promos
  • Book directly instead of third-party companies like travel and tours agencies
  • Group tours can lower the vacation cost

The right timing and planning of the family vacation can shave off precious dollars from the travel budget. So it makes sense to plan ahead and look for the best deals before booking flights and accommodations.

Important Note:

Of course these tips and suggestions are great for families of any size. Also, if you have more suggestions, please share them in your comments.

Money saving strategies allow families to squeeze out every drop of cash and put it into good use. With a little practicality and a lot of common sense, every family can save money without having to feel the stresses. More importantly, when you employ the right money saving strategy, you ensure that you get products and services without sacrificing their quality.

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    • urmilashukla23 profile image

      Urmila 4 years ago from Rancho Cucamonga,CA, USA

      I love these tips. I do most of them. Thanks for posting it. Voted up!

    • jpcmc profile image
      Author

      JP Carlos 4 years ago from Quezon CIty, Phlippines

      Hi urmilashukla23. Every cost cutting measure we do is important. See you around.

    • Amber Allen profile image

      Amber Allen 4 years ago

      Hi jpcmc

      Great hub with great tips. How about doing a house swap with someone in your family for a cheap holiday. It doesn't even have to be that far away from home to feel like a holiday - how often do we ignore the great things we have on our doorsteps.

      Amber:)

    • jpcmc profile image
      Author

      JP Carlos 4 years ago from Quezon CIty, Phlippines

      Hi there Amber Allen,

      That sounds interesting. We do have many things but we rarely see its value. thanks for dropping by.

    • msviolets profile image

      msviolets 4 years ago

      Great tips. We also do math at the grocery store when choosing between products, which one is really cheaper per oz? Sometimes it's not the sale product!!!

    • jpcmc profile image
      Author

      JP Carlos 4 years ago from Quezon CIty, Phlippines

      Hi there msviolets,

      We often bring a small calculator in the grocery - phones have this feature as well. true, sometimes items on sale can cost you more.

    • profile image

      F. Carbral 4 years ago

      We have today's standard. 4 boys, 3 girls. I just can't imagine how my parents survived. The financial part was also a puzzle. But all of us got through college. But I won't even dare have too many kids.

    • jpcmc profile image
      Author

      JP Carlos 4 years ago from Quezon CIty, Phlippines

      Hello F. Cabral,

      4 boys and 3 gilrs, that's a big family. But nowadays, parents choose to have smaller families. It's the financial diffiuclties that limit the number - among other reasons. Parents will do everything to give their children a good future regardless of how difficult it may be.

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