Money Saving Mom + Money Saving Dad = Money Saving Kids: Managing Money and Saving Extra Doing Small Every Day Things
Money Saving Mom + Money Saving Dad = Money Saving Kids
Tips for saving money articles that you find online often provide advice that borderline on the absurd penny pinching and hiding money under the mattress techniques that are not only old fashioned but not really that effective. The goal of this article is to highlight the little things Moms, Dads, and ultimately kids can do to find that “sneaky” extra cash in their checking account at the end of every month that can go a long ways towards building a nest egg or even buying that special someone you love a nice gift if you are consistent and patient in the process. Really, it isn’t really as much a “process” as it is just paying a little closer attention to what you are spending your money on and quelling to urge to buy compulsively.
Its in the Volume!
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Convinient and Costly: Tips for Saving
The first place you can save yourself a bunch of money is in your every day routine. Personally, depending on the item, I don’t mind paying a premium for convenience. Time is important to me and paying a little extra for something to free up extra time is often worth it. However, doing this now and again can easily become a force of habit and begin to unnecessarily drain your checking account or drive up your credit card balance. A perfect example of this would be running out at lunch to the convenient store to grab a quick lunch time snack and return to your desk and have a “working lunch”. This is often very easy, convenient, and sure to at very least feed your sweet tooth. The problem is, if it becomes a habit, it can lead you to practically pay double that you would normally for the same product compared to had you planned ahead and stocked up with your “usual” items at the supermarket or big box store. Look at the numbers below for example:
Typical Cost of 20oz Soft Drink at Convenience store: $1.20
Typical Cost of 2 Liter Soft Drink at Super Market: $1.20
# of 20oz volume in 2 liters: 3.38
Savings per 20 oz = $0.84 or $4.22 over a 5 day work week or $18.31 per month or $220.00 per year or 1 month’s electricity bill/ A nice Purse for your Wife/ 4 Xbox games for your kids/ A high end Ipod for Dad.
That is decent savings by simply buying the higher volume size at the local supermarket instead of 20 oz at he convenient store. This is just simple planning, not penny pinching. These numbers don’t even consider reducing your carbon footprint by reducing plastic consumption let alone any savings on gas for the multiple car trips to the local Circle K!
Where do you Waste the Most Money
Want a Way to Save Money? Complain, Complain, Complain!
Another easy, everyday thing we can do to set a good example for our children while not spending unnecessarily is by checking in with our service providers to see if we really need to be paying as much as we currently are for services we take for granted. For example, our Cable/Internet/Phone plans. Recently, I had about the 15th straight month of utter disbelief about how much our Comcast triple-play (phone, internet, cable) bundle was costing. Frighteningly, the monthly cost had sky rocketed to averaging about $265 per month. I know right! Whilst complaining with a vein popping out of my forehead, my wife mentioned that a colleague of hers told her that the only way to get anything done with our service providers was to call them and complain. I was skeptical at first because, I don’t like the idea of being one of “those people” that are constantly griping on the telephone with the heating oil or electric company over seemingly ever increasing rates. However, I had previously opted out of traditional telephone service to get big savings bundling it as voice over IP with my cable and internet at Comcast. Those savings disappeared as soon as the promotion ended and I never picked up the phone to see what I could do about it. Well, then something happened, I did! What I thought was going to be a big hassle and knock down, drag out fight turned out to be a very fulfilling experience of customer service and money saving. The gentlemen at Comcast was quick to assure me that I didn’t need to pay that much for my service and investigated the current options available to our family. Oddly enough, we ended up with our save service plus an additional pay movie channel for $180 a month for the next year as well as assurance that I could call back in a year and do the same inquiry. Think of that, a simple phone call saved our family $85.00 a month;
Or, $1,020.00 a year/ New! Apple® - The new iPad® with Wi-Fi + 4G - 64GB (Verizon) - White ($829.00) and 8 new HD movies on I-tunes to watch with the family, or, $18,000 available for when your newborn is ready for college.
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Advice About Money For Regular People A Growing List of thoughts on personal finance including ways to save money, personal finance, and money monitoring. This site includes articles written by me here on Hubpages and will also include interesting articles I come across around the internet!
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Save Now, Reap the Diaper Benefits Later!
As you can see, just doing little, every day things can save you a bundle and you won’t look cheap to your spouse or children in the process! Not to mention you will be teaching your children a life skill that can do nothing but benefit them for the long term and since they learned it young, can hopefully afford diapers for you when you are in your early 90s!