There are many single parent households around these days and if your household is one of them, you are no doubt already aware of the challenges you face to make ends meet when there is only one income to rely on.
If you are as smart with your money as your can be, you should be able to make some handy savings on everyday items and cut your household bills too. Here are some tips and tricks to help you stay on budget as a single parent.
Cutting out coupons might not appeal to you just to make what appears to be a small saving using the money off and discount voucher, but those small amounts can add up to a decent sum of money each month.
Some people become obsessive about coupons, but if you are sensible and keep a look out for deals that are of interest to you rather than buying things just because you have a voucher, you could make this strategy pay.
There are also often deals that come up such as two-for-one entry to theme parks and other entertainment, so take advantage and enjoy a day out for less than it would normally cost.
Brand loyalty is expensive
Big brands spend millions on marketing and getting you to recognize their products when you go shopping.
This marketing has to be paid for and that means that branded items are often the most expensive. Don’t be afraid to try generic laundry powder or anything else for that matter, to see if you can tell the difference.
Some things might not be as good as the branded version, but if you manage to find some cheaper versions of your regular items that are just as good, you will end up making some significant savings on your shopping bill.
Make the most of drinking water
It is often the small things that when you add them all together, add up to more than you realize. This is the case with cans of drink and other beverages that you probably like to buy on a regular basis.
If you can cut out the cans of coke and other sugary drinks and drink tap water instead, you will be doing your health a power of good and saving yourself some money at the same time.
Shop around for the best deals
If you have been with the same mobile phone or internet provider for a while, or have been paying the same amount for ages for your TV package, it could pay to shop around and save some money.
Check out the latest packages from suppliers such as SatelliteTVCable.com to see if you can get the entertainment package that you want at a better price than you are paying now. The same thing applies to your other deals for phones and internet. Tariff’s change regularly and it is quite likely that you might be able to the same or even a better deal, for less money than you are paying now.
John Doss is a financial advisor. He likes sharing his financial advice online. His posts appear on many money and financial blogs.
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