The household budget is an necessity if any money is going to be saved in your household, this year or any year for that matter. Harsh fact!
You may think you have cut your outgoings to the bone. This is exactly what one family, as the following report states, felt but after scrutinising it with help, they were amazed to find that they could save £4000 a year.
Is it possible that you too could do this with your own household budget?
Translating this into dollars, can you imagine what you could do with the extra money?
With that figure in mind, surely it is worth concentrating on sticking to your family budget plan for at least one year. The following year you will find other ways to either generate more money or at least other ways of saving money.
“We rarely have any money left at the end of the month for family treats but with these savings we may even be able to afford a holiday this year, which would be brilliant.”
We’ve put more than £300 each month back into the Dudleys’ pockets by simplifying their bills, paying some by Direct Debit, switching to better deals for energy and mobile phones, bringing in a few energy saving measures and a bit of planning for family meals and lunches.
Household budget and free holidays!
Yes, its possible. The family mentioned above, felt they could now afford a holiday but they have overlooked the fact that they may even be able to take advantage of any of the opportunities for free holidays which are available.
The fact that you can start saving money and also clear debt is very heartening, however, you also need to have some family treats along the way. The last thing you need to feel is miserable about saving and so as not to be discouraged with watching every cent or penny you spend why not look around at what is available to enjoy yet spending the minimum of money.
There are lots of ways that you can have great memorable times, or evenings out with the family, without spending a fortune and, in some cases, just transport costs.
Looking through the archives on household budget news, it almost makes me smile to see that this was a problem back in 1942 and no doubt way before that.
What does that tell us?
For me alone, it tells us that budgetting is just a way of life. Simple as that. People are going to be concerned about budgeting for many years to come, if they are responsible! Teaching our children to budget can only benefit them in their own futures too.
I remember an older person telling me about the war rations and how people managed on next to nothing. Of course, it did’nt hurt them and it was a way that they quickly leaned to budget daily. Many have some wonderful stories of how they managed in that period. If you get the opportunity to speak to people who have been through the 2nd world war or the 1930’s recession, I am sure they would love to pass those stories on to you.
Related Household Budget articles
Don’t think that because we are into another year and you have not started the year with a budget plan, that it is too late. It is never too late to start a household budget.