When you’re a family that’s living on a tight budget, it’s important to always be one step ahead and look for ways that you can save money for specific things as well as being able to have money set aside for emergencies and the unexpected. There are several ways that you can get on top of your finances and gain a little more control over your monthly budget. Here you’ll find 6 ways to get on top of your finances this Winter.
Are you receiving what you’re entitled to?
Did you know that its estimated that around £20 billion of welfare benefits are unclaimed every year in the UK? It’s astounding! Families on low incomes and those in vulnerable positions are entitled to financial help and you could be entitled to much more than you think – check out this website to find out about what benefits you could/should be receiving. It could make a huge difference to your monthly budget and relieve some of the financial pressure you’re under. Don’t wait!
Get in control of your debt
Easier said than done, right? Almost everyone has some kind of debt, so you’re not alone. However, there are solutions you can utilise to help reduce your debt, take better control of your finances and help you sleep better at night. If you have credit card debt, then treat this as a priority and consider consolidating your debts into one payment plan each month. This will make everything so much easier and you can budget everything else accordingly.
Try to cut your monthly bills
It sounds like a mammoth task, but it IS possible. Luckily, there are plenty of ways you can take control of your monthly bills. From comparing and switching to a cheaper energy supplier, to making the change to LED bulbs throughout your home, save as much electricity and water as you can by being more environmentally friendly. Buy your food at discount supermarkets or discount bulk food suppliers.
Plan a weekly menu
Cooking every night of the week is intimidating, and time consuming especially if you have small children who want to help! The best way to begin is by planning a weekly menu, start with simple and cheap meals that everyone will enjoy that use ingredients you can buy in bulk. Spaghetti Bolognese, sausage casseroles, soups, curries – the best thing about planning a weekly, or even a monthly menu is that you can bulk buy ingredients, cook and freeze the meals to eat later. It will also save on waste and you don’t have to worry about fruit and veg going bad! It also makes it much easier to stick to a budget in the supermarket!
Cancel your TV subscriptions
Cancelling your TV subscriptions means that you could have an additional £100 in your account every month. Consider it.
Don’t be afraid of second hand
Clothes, toys, books you can buy anything second hand these days and for a fraction of the original price. Check out social media selling pages, charity shops, eBay, public notice boards and even advertisements in the local paper.