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New Ideas For Managing a Family Budget

Updated on March 28, 2012
Meet the Piggy Bank Family - they will help you save, save and save some more.
Meet the Piggy Bank Family - they will help you save, save and save some more. | Source

Yes, our lives would be so much easier if money grew on trees. Since that old scenario isn't possible in the real world we need to learn to live within our means. The smart thing to do would be first, prepare a budget, only listing the necessary bills and expenses that must come first and foremost. Depending on the circumstances there may be a need to cut back. Or, find other ways to save money.

Check out Suzie Coupons and other coupons sites that are free. If there are specific products or food you prefer google them on line and see if they have a member sign up. This usually means they e-mail coupons and sometimes send samples. Find ways to make money saving meals. Do you have Freecycle in your area? Check this out, it's a place where people list items they no longer want for one reason or another. Check out Craigs list too. When using coupons try to use them when the items are on sale, see if there's a grocery store that doubles their value or if they have buy one get one free.

When grocery shopping by more store brand items. This will cut back on your grocery bill or give you that little extra to stretch the food allowance a little more by saving those extra on both the coupons and buying the store branded items. Check out the clearance section, check out for special mark downs that don't appear in the sales flyer. See the store coupon counter selection to see if there are coupons you can utilize. If you have ones you won't use leave them there to help someone else out.

If the necessity is there some extras like cable or the internet may have to be cut back on or removed completely until you're able to afford them without having to comprise the more important factors that are in your budget. See if the cable company has a basic plan that will give you good reception and the local channels. That shouldn't be much more than $20 a month.

Contact your utility companies to see if they can place you on a budget plan. Ask them to take the total of what your usage for the past 12 months has been and divide that by 12 months, have that be your monthly payment. At the end of that 12 months if you owe they can adjust the bill for that amount or if they owe you they can either give you a check or put that towards next years billing as a credit against your account.

I hope some of these ideas help you out.

Monthly Budget

Mortgage or Rent

Property Tax & House Insurance

Grocery

Electric

Gas or Oil

Water

Sewer

Phone

Cell

Cable

Internet

Car Repairs

Gas for Car

Car Payment

Car Insurance

Life Insurance

Credit Card

Credit Card

Loan

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    • brandrocker profile image

      brandrocker 5 years ago

      @Catzgendron thanks for your offer. I'll let you know the title.

      @the girls - You are correct. Consistent couponing is a good method to save money.

    • Catzgendron profile image
      Author

      Catzgendron 5 years ago from North Chelmsford

      Thank you for the comments and compliment. I know those who are extreme couponer's make a job out of it. I just use there here and there, not faithly now but when I was a military wife I used them all the time.

    • the girls profile image

      the girls 5 years ago from Los Angeles, California

      Hi Catzgendron! Encouraging the use of coupons is a good idea. The only thing is that you have to invest a lot of time doing it to actually save money. Good hub!

    • Catzgendron profile image
      Author

      Catzgendron 5 years ago from North Chelmsford

      Thank you! What was the title of your hub I would like to check it out. And you're right, we need to help each other any way we can.

    • brandrocker profile image

      brandrocker 5 years ago

      Useful hub. BTW i just shared my experience in this regard a month ago here in hub page. I hope you to visit that page and exchange your opinion.

      Thanks. We all need to spread the awareness to encourage people to save more money the best way they can.