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9 Ways to Keep More Money in Your Family's Pocket

Updated on January 25, 2014
Kristine Manley profile image

Kris Manley is a blogger, author, and speaker. She's a guest on radio in the U.S., Canada, and overseas, as well as a guest on network TV.

Money in your pocket
Money in your pocket | Source


It’s past time families begin to fight back when it comes to squeezing more out of their finances. Families are facing an ever increasing battle of shrinking finances and must find creative ways of keeping more money in their pockets, and starve avenues that crave and devour their finances. Taxes and rising costs of other items should push families into a mode of savings and cutting expenses. Starting small is a start and will make a big difference. Choose a money saving and/or money making method, and as it works for you and your family, choose another method that will work for your family and keep adding several ways and/or methods that will help to keep more money in your family’s pocket.


1. Stop buying these items.


Make a list of your family’s necessities and stick to that list as much as possible. Begin with your cleaning supplies and what you can do without or make from scratch. Stop purchasing air fresheners, dryer sheets, and expensive laundry detergents. Cancel unnecessary magazine subscriptions. Peel yourself and your family away from name brand items and comparative shop. Look for dollar items that are comparable to name brand items. Shop at dollar stores in which you can still get some name brand items. Don’t run out and buy something every time you need something. Set your goal on shopping for the family to two days a week which will help cut down on gasoline costs and/or other transportation costs, i.e., bus, taxi, or train.

2. Shop at places that have what you and your family need.

List stores that carry the items your family needs. Avoid stores in which you and your family rarely shop. Shop close to home, if possible. Also, don't go shopping without a shopping list.

3. Put your savings on automatic.

Sure you’ve heard this before, but it really works and can be done. Have a small amount taken out of your paycheck automatically. You will be pleasantly surprised with the amount of money you can save doing this. A great way to accomplish this is to, if your job has a credit union, join the credit union and put money in a vacation account or Christmas club account, but don’t use the money for vacation or Christmas – this is a great way to save.


4. It's time to cut coupons.

Learn how to coupon, it is cost effective. Join a couponing Meet-Up Group and bring the kids with you so they can learn how to coupon too. You don’t have to become an extreme couponer, but couponing does help within your finances.

Coupon
Coupon | Source

5. Start saving your pocket change.

When you come home and have change in your purse and/or pockets, empty the change in a great piggy bank. You will be amazed at how much money you will have by the end of the year in pocket change alone. Get a piggy bank that counts your money as you put your change in it – this will give you encouragement as you see your pocket change grow. Have a “Roll Our Pocket Change” night. Get free coin rollers from the bank. When you get used to saving your pocket change then try saving your dollar bills. If you find that saving your pocket change is difficult to do because of your little crumb snatchers, i.e., the kids, then get a piggy bank that locks. If your children want to purchase an item in the future have them begin saving their pocket change so they may contribute to the purchase, and set a contribution amount for them.


Pocket Change
Pocket Change | Source

6. Create multiple streams of income.

Many people want more money but don’t make the effort to pursue different avenues of making more money. Writing for money, selling online, providing a service, or even looking for a higher paying job are several ways to get some more money in your pocket. Making more money takes work and persistence.

7. Prune resource sucking relationships.

Yes, it is difficult to get rid of friends that borrow, but there is a way to curb their borrowing by keeping your business to yourself. How? Have extra money, keep that information to yourself. Made any new purchases, don’t tell it. Be mindful of bringing any new friends into your life. Just stop loaning money to deadbeat friends and let them know that you are trying to get out of debt. If they are real friends they will understand. Got friends that don’t borrow money, but every time you go out with them you find yourself paying for yours and your friends’ meals, movies, and other items, even groceries. Stop volunteering to pay for things if that’s what you’re doing. If you are single, learn to enjoy shopping by yourself because it’s better shopping by yourself than shopping with someone who can’t afford to be your equal when spending money.

8. Pantry Pick-up!

If it’s fattening, get rid of it, well not all of it – a little indulgence can’t hurt too much (just kidding). Sugary cereals, traditional potato chips, cookies, cakes, etc. are luxuries, and not conducive for good health or for your pocketbook or wallet, but if you and your family enjoy snacks, learn how to make your own healthy snacks without breaking the bank. Here’s a great list to begin building and maintaining a healthy pantry:


  1. Extra Virgin Olive Oil
  2. Whole wheat pasta
  3. Basmati rice
  4. White vinegar
  5. Dry lentils, not canned
  6. Nuts, i.e. walnuts, almonds, Brazil Nuts, Cashews
  7. Prunes, Raisins
  8. Herb Teas
  9. Dried Cranberries
  10. Canola Oil
  11. Dry Milk
  12. Sea Salt
  13. Steel Cut Oats
  14. Flaxseeds or Flaxseed Oil
  15. Pumpkin Seeds
  16. Sunflower Seeds
  17. Rice Flower


Pantry
Pantry | Source

9. Barter

Trading or going cashless has returned. Cash-free transactions are more common than you think. Mow someone’s lawn for getting a repair done in your home. Make a list of services you offer along with services and/or items you are willing to accept as payment for your services and/or items. Learn more about bartering and trading – visit these websites:


Are you doing any of these tips to save money?

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What other money saving tips can you think of?

Share your money saving tips.

Ideas for Frugal Living

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    • profile image

      Bethany 3 years ago

      I like these money tips.

    • Kristine Manley profile image
      Author

      Donna Kristine 3 years ago from Atlanta, GA

      Thanks for reading. Sometimes a person has to be strict on finances.

    • Tanveers profile image

      Tanveer Ahmed 3 years ago from Pakistan

      Saving among friends is very difficult task, Author opinions are very strict in case of friends. Overall tips covered in article are good.

    • liesl5858 profile image

      Linda Bryen 4 years ago from United Kingdom

      Thank you for this great hub, Kristine Manley you are right about getting rid of tight or mean friends.

    • Kristine Manley profile image
      Author

      Donna Kristine 4 years ago from Atlanta, GA

      I learned the hard way too about loaning money to a certain friend, but that friend always had money to go visit her family in Florida.

    • Sharyn's Slant profile image

      Sharon Smith 4 years ago from Northeast Ohio USA

      This is really good advice! I especially like the "prune resource sucking relationships." I had to learn that one the hard way.

    • Kristine Manley profile image
      Author

      Donna Kristine 4 years ago from Atlanta, GA

      Sometimes stricter measures are in order! Good for you.

    • anandnairkollam profile image

      anandnairkollam 4 years ago from India

      I liked the automatic savings point.

      Its difficult to save money when you have parents who cannot stop buying everything, even on finance/credit. However, I am taking some stricter measures and becoming aggressive now to put money in the bank and keep it there.

    • Kristine Manley profile image
      Author

      Donna Kristine 4 years ago from Atlanta, GA

      Hi Julie, I love going to local farms and I save a lot.

    • JulieStrier profile image

      JulieStrier 4 years ago from Apopka, FL

      There are some great ideas here. One of the ways I save money is by buying my veggies at a produce market instead of the grocery store. I often walk out with 3 or 4 grocery bags full of stuff for under $20. Great hub, voted up. :)

    • torrilynn profile image

      torrilynn 4 years ago

      hi kristine,

      thanks for the tips on saving money

      i find that i save more money when im more

      determined to buy something such as a car that took

      me like 6 months to save up for. thanks though.

      voted up

    • Kristine Manley profile image
      Author

      Donna Kristine 4 years ago from Atlanta, GA

      Hi LisaMarie724, I save my change and it really adds up. At the end of one year I had almost $400.00 in pocket change.

    • LisaMarie724 profile image

      Lisa Stover 4 years ago from Pittsburgh PA

      Great ideas, I'll have to incorporate some of these into my spending.

    • Kristine Manley profile image
      Author

      Donna Kristine 4 years ago from Atlanta, GA

      Hi graceomalley, I like being a cheap friend-date - LOL! It's fun to visit around a cup of tea.

    • graceomalley profile image

      graceomalley 4 years ago

      Great suggestions! There is definately a lifestyle to being frugal, and a lifestyle to being a spendthrift. Some people sort of require money being spent to spend time with them - they need to meet in a restaurant, not at the kitchen table, ect. I've found people who are comfortable coming over and letting me make us both a cup of tea are more fun anyway, besides being a cheap friend-date.

    • Kristine Manley profile image
      Author

      Donna Kristine 4 years ago from Atlanta, GA

      Hi Bishop55, I have used some of the trading to get repairs done to my home - I developed resumes for a family's children for some plumbing work.

    • Bishop55 profile image

      Rebecca 4 years ago from USA

      Great job on this Hub. I really enjoyed it and plan on using some suggestions you mentioned that I'm not currently doing. Thanks again! I Especially loved the "trading" links.

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