What are your best tips to tell a family about budgeting and saving money? If someone asked you how a family could manage its finances and save money, what would you tell them?
This week I did contributed some thoughts on saving money for a guest blog post that appeared on the Mydeal.com.au website. I had to wrack my brains to think of something new and different as quite honestly, most things now come second nature and naturally to me. But this is what I said? Do you agree or disagree?
“Buy online to get the best discounts. Shop around and get the best bargains. An advantage of online shopping for busy parents is that you don’t need to leave the house. It has been minus eight and minus seven here over the last weekend in Canberra, the coldest weekend in twenty years. It is a perfect weekend for staying in and avoiding the cold.
When you do take the kids shopping, involve them. When we go shopping, I show the kids my shopping list, and I ask them to be accountable for getting key things like milk and bread. I talk about what we ‘need’ versus what we ‘want’. I also talk about what is unhealthy versus healthy food. We compare prices, and they have become good at monitoring the unit price of items. They know, for example, that a block of cheddar cheese is cheaper per unit than pre shredded cheese.”
Do you take kids shopping with you, or do you shop online to avoid the incidental expenses caused by the nag factor?