This is a guest post from PawnHero.ph.
There are times when no matter how much we work and no matter how much we save, we just can’t seem to have enough money. Our family’s expenses just keep growing. What’s a mum to do?
Here are some tips that may help you out.
10. Borrow Instead of Buy
Whenever someone in our family needs something, our first instinct may be to buy it. But before you do, think hard if you really need to buy it or not. If the item is something that you need for the long term, it might make more sense to buy it. However, if it’s something that will only be used for a while, such as books for example, just borrow it from someone else and return it after you’re done using it.
9. Go for Value
If you really have to buy, make sure that it’s a wise purchase. Cheap is not always the best option because some lower cost goods also have lesser quality. Sometimes, choosing products that cost more yet made of high-quality materials are the better options because they last longer. Certain high value purchases, such as jewellery and designer bags and shoes, can even help you in case you find yourself in need of money in the future because you can sell them or bring them to a pawn shop.
8. Repurpose or Repair
Usually, we have something broken lying around the house. Unless it’s completely irreparable, don’t waste it by just letting it lie there unused. Repair it and use it again. If you find that only some parts are reusable, repurpose it and use it for something else.
7. DIY It
Store bought things are more expensive than those that you create on your own. Creating your own stuff allows you to control the quantity and cost of the materials you use. Plus, there’s no need to pay for labour and other expenses. Need to – some chairs or make some new bookshelves but don’t know how? Check Pinterest or YouTube for tutorials that will teach you how to do it.
6. Shop during Sale Season
Things are also more expensive when you buy them in season. While it may not make sense to buy bathing suits during the rainy season, for instance, you will find that they are actually cheaper then. Take this opportunity to buy it now so that you won’t need to come summer time when they will no doubt already cost more.
5. Shop Online
Some are hesitant to shop online for fear of security issues or because they prefer to see or touch the products first before buying them. However, shopping online helps you save not only on transportation and parking costs but also on time and effort.
4. Go Generic
Branded items are not always better. There are many generic goods, such as medicines or grocery items, that are made of the same ingredients and work the same way but costs significantly less than the branded ones.
3. Eat at Home
Eating out can cost you a lot especially if you frequent expensive restaurants. You don’t need to completely give them up though. Just make it a treat for special occasions instead. Cooking your own meals at home doesn’t only cost less because you have complete control over what you cook but it can also be healthier for you and your family.
2. Grow Your Food
Kick it up a notch by growing some of your own food. If you have the space for it, growing a small vegetable garden will already save you a lot of money. Plus, you can be sure that your food doesn’t have any dangerous chemicals in it.
1. Walk Instead of Drive
Driving may get you places faster but if you think about it, you don’t really need to drive everywhere. If you’re only going a few blocks away, try walking instead. Walking helps you save on gas expenses but is also healthier for you and the environment too.
About the Author
“Carol Soriano is a consultant for PawnHero.ph, the very first online pawnshop in the Philippines. A writer at heart and a social media enthusiast, she finds personal finance, investment and money matters interesting topics.”