Five things you can do right now to improve your family finances!
I was just reading up on a few of Dave Ramsey’s posts on his website when I found this great article. I love Dave’s no nonsense approach to getting control of your money, and these tips are so easy, you can do them today!
1. Review all your insurance policies.
Dave makes a great point about reviewing all your insurance policies–home, life, and auto–in order to see if your circumstances have changed and to see whether policy changes could save you money.
2. Cut the grocery spending.
Rather than using coupons to save on shopping, Dave advises his readers to try cutting the monthly food budget by $10, and moving that money to another area of your budget. You could use this to pay off extra debt, or simply put it into a savings account. You won’t have to sacrifice much, and the money could be put to much better use in another part of your budget.
3. Review your cell phone plan.
This one is definitely worth doing, because most of us never use every feature of our plan that we pay for. Data usage is on particular area where people often overpay, so check your usage and see if you could save money by lowering your data limit.
4. Combine two items into one.
I really like this tip…it is especially useful for people like me who tend to break their budget down into waaaay too many categories. He suggests combining budget items to save money. You could combine things like ‘eating out’ and ‘entertainment’ to save more money every month.
5. Take a look at the kids’ extracurricular activities.
Again, this one hits home with me. It can get very expensive trying to keep three kids happy and entertained with their hobbies and after school activities, not to mention overwhelming for the kids if their schedules get too out of hand. Pick one favorite activity, and find the least expensive way to do it, and everyone wins!
What tips do you have for tweaking your budget this spring?