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Saving money is the aim of many households. Whether they’re planning a holiday or want to make some home improvements, finding funds is the aim of many families, but it can be difficult.
Fortunately, there are some ways that allow a family to save without it becoming a tedious endeavour. If your family is searching for creative ways to save money, why not consider some of the following ideas which have been shared by Debt Relief Canada a website brought to you by the team at A.Fisher & Associates.
Benefit From The 30-Day Rule
Many people can buy on instinct and later regret the purchase. If you and your family are overspending on things you don’t need, then the 30-Day Rule could be beneficial. Instead of clicking on a product or service to make a purchase, you should screenshot it.
After creating the screenshot, this then needs to be moved to a folder for 30 days. After this period, you can revisit the folder and decide whether to purchase the product or service.
In addition to saving money, this process can also help change mindsets regarding impulsive purchases, which can benefit the whole family when saving money.
Save as Much Change As You Can in a Month
Putting away pocket change may seem like a waste of time to some, but it is incredible how soon small amounts add up. You can put money in a dedicated piggy bank or any other vessel of your choice, and many families are amazed by how much money is saved, with some even being able to enjoy a small break with their savings.
Those who make most of their purchases using their debit card should open a bank account that carries out the digital equivalent of spending small change.
These savings accounts round up the amount of each purchase made using your debit card and deposit the funds to a dedicated savings account.
Create a Bargain Bingo Game
If there is something that your family enjoys but the household feels it is too expensive, then why not create a game of bingo when searching for bargains? Maybe there’s a time when a store puts out bargain groceries? Or perhaps some discount codes can be found online, making purchases more affordable.
The efforts made when playing the game will soon become habitual, meaning family members are keen to find savings and discount codes before committing to a purchase.
Gamifying the hunt for bargains and offering a small reward for the winner ensures that families are proactive when saving money.
Try Something New Each Week
Nothing is more frustrating than missing out on events and celebrations due to a lack of funds, but there are some innovative ways of saving money and exploring what the great outdoors has to offer.
Although some outings can cost a lot of money, there are others where no money is needed. Steeping outside your comfort zone regarding family outings allows you to unearth markets, events and celebrations hosted for free, and don’t cost the family a cent when enjoying themselves.
In addition to saving money, the family also benefits from new events and outings that they may not have otherwise considered.
Swap Driving for Cycling
Of course, not everyone can cycle to their destination, but substituting driving for cycling some days can help the family save money and can also ensure the household remains fit. Not only can you save money on gas, but you also avoid unnecessary wear and tear on the car.
For even shorter distances, why not consider walking? Although giving up the daily use of a vehicle is a big ask for large families, using a bicycle on some days can work wonders when trying to save money.
If your family is keen to start saving money, then now could be an excellent time to take the bicycles out of storage and put them to good use.
Create New Treasures With Upcycling
Is the family in need of furniture, but the prices are too much for the household budget? Or maybe you would rather save than spend a fortune on tables and chairs. Upcycling not only allows a family to save money but is also a lot of fun.
Upcycling will need an investment of time, but those with a creative touch can save a lot of money by transforming old furniture into innovative new pieces.
Regardless of whether you need a new coffee table or a gaming setup for the children, carrying out local and online searches can often mean families find what they’re looking for at a fraction of the price.
There are plenty of ways of finding items to upcycle, including eBay, Craigslist and local newspaper ads. Who knows, the family may become so successful at upcycling that other people are keen to purchase their masterpieces.
Find Fun Ways of Making Money
In addition to upcycling, there are many other ways of making money that can help families save money that still allow them to have fun. If you’re passionate about video games, why not consider creating playthroughs for online users?
Videos posted on YouTube can benefit from AdSense, allowing users to get paid for their efforts. If you enjoy sitting down as a family to watch movies, then why not review so other families know what to expect? This can also be done via YouTube, a dedicated blog or a mixture of both.
If you enjoy DIY, why not provide your expertise to others part-time for a small fee? There are plenty of ways to make money from your hobbies and skills, which can be another area that allows the family to save money.
Final Thoughts
Finding creative ways to save money as a family can mean thinking outside the box. However, the efforts are worthwhile and can often make a huge difference to families trying to save money. Furthermore, the family will find new ways of making money and some exciting events they didn’t even know existed.
