Are you struggling financially every single month? Are you trying to survive on a single full time income so you can stay at home with your kids?
I have definitely felt the same way and still do sometimes. But I have developed a system that works well for us and I just know that it will work for you too.
If you feel like you may need to try to make a little extra money from home to make it work, then you will want to read my TIPS TO MAKE A FULL TIME INCOME FROM HOME
Here is my monthly financial system that works!
WRITE A LIST OF ALL YOUR BILLS AND DUE DATES ON A CALENDAR
I truly recommend having a calendar that you can write on because I don’t know about you, but for me the calendar on my phone just doesn’t cut it.
I need to have an everyday visual reminder of what needs to get paid and on what day. This just makes it easier for me to stay on track since I am the one in charge of the bills in our household.
Once I know how much money is coming in for the week, then I can start subtracting the amounts that need to go toward bills. Any money left over is divided for food, gas, and other household items.
Always try to save a bit for savings and entertainment. It is always wise to have a little bit of savings in case circumstances change.
Also, you want to be able to enjoy a little bit of your income on things you love doing.
Technically, we should be following a 50/30/20 rule where 50% of your monthly income is for necessities like housing, utilities, and transportation. 20% should be saved in a savings account and 30% can be used on clothing, household items, and entertainment.
But when living on one income it can be difficult to get these numbers just right. As long as you are trying to get as close to those numbers as possible then you are on the right track.
STOP SPENDING MONEY ON UNNECESSARY EXPENSES
This next tip for spending less and saving more money is simple. After you write out all your monthly bills on a calendar. At this point you can look at them and figure out what is really necessary and what is not.
After I wrote down our expenses, there were several things I got rid of such as monthly subscriptions we really weren’t using which were getting automatically deducted from our checking account.
If you are struggling to pay bills every month, then there is definitely something you can cut out of the budget.
At this point, we need to figure out what is a necessary and what is not. Sometimes we can figure out ways to just cut back on the cost of a monthly expense that we really want to keep.
FIND OUT IF THERE ARE DISCOUNTS FOR YOUR MONTHLY EXPENSES
There are many discounts that we are eligible for that we are just not aware of when we need to be. Do some research to see what you are eligible for because it may surprise you.
Utility companies offer discounts to low income individuals. Many utility companies also offer discounts to senior citizens and military families. Employers give discounts to their employees to use. All you need is a special code and to make a phone call to start using it.
Internet service providers offer discounts for students in some states. This is one discount we took advantage of because we have students who attend school online. We brought our internet bill down from $80 per month to $15 per month!
Not every service provider offers a discount, so just take a little time and do some research before contacting them.
GET RID OF CREDIT CARD DEBT
Credit cards are great to have for emergencies only, but credit cards are not great when we are constantly relying on them to survive until the end of the month. If you are relying on credit to get by, then something has got to change.
Credit cards make their money on the interest they charge you on the money they loan you to use. It is okay to use a card when you can pay the balance off quickly, but carrying a high balance for a while will only hurt your budget and credit in the long run.
Once you get your budget in order, it will be easier to get rid of this type of debt and use your credit only when absolutely necessary.
MEAL PLAN EVERY WEEK
I think most of us can agree, the majority of our money probably goes to food every month. Obviously we have to eat. It is a necessity to survival, but if we aren’t careful, grocery shopping can take a big chuck of money out of our budget every month.
There are a couple of things that I do to save my family money.
First, I look at the weekly ads for the two stores I tend to grocery shop at to compare prices and see what is on sale that week.
I plan my meals around the items that are on sale. Anyone else shop at King Soopers? Their sales are amazing.
I keep breakfast very simple. Oatmeal, toast, fruit, pancakes, and eggs are staples for breakfast. I save the bacon and sausage for the weekend or sometimes just opt out from buying it all month because it can get expensive.
Lunch is also very simple. Sandwiches and salads are what we eat most weekdays. Weekends I will add pizza or something else the kids like, but still keep lunch simple.
Save your meat for dinner. Dinner time is when the meals should be more hearty and filling in my opinion.
Long story short keep breakfast and lunch simple. Plan your dinners around the meat or items that are on sale that week.
I have also received over $40 back from Ibotta for items that I regularly purchase at my favorite grocery store.
By using my referral link, you will receive a bonus just for signing up. It is totally worth it because every little bit that you can save helps.
The money I have received back from Ibotta has gone towards little treats for this momma so for me, I reward myself for using the app, but you can use the money on anything because it goes straight into your Paypal account.
USE COUPONS AND DISCOUNTS
Not only do I make sure to take a look at Ibotta before I go grocery shopping, I also look at my King Soopers’ app for digital coupons that I can apply before my purchase. I have saved up to $50 in one trip from digital coupons.
If you have a King Soopers, then make sure to download their app because it will save you a ton of money as well as they have some coupons that will give you 2-5 times the loyalty points then usual which as you know can go towards your gasoline purchase too.
If you don’t have a King Soopers in your area, look for an app to your favorite grocery store in your area and see what kind of coupons and deals they have to offer.
But if nothing else, definitely use the Ibotta app and get some money back that way.
HOPE THESE 6 TIPS INSPIRED YOU TO SAVE SOME MONEY THIS MONTH. IF THERE IS SOMETHING I FORGOT TO MENTION, LEAVE A COMMENT BECAUSE I LOVE LEARNING NEW WAYS TO SAVE MONEY FOR MY FAMILY OF 9.
HERE ARE SOME RELATED POSTS THAT WILL HELP YOU MAKE SOME EXTRA MONEY THIS MONTH IF YOU FEEL LIKE MAKING MORE MONEY FROM HOME WILL HELP YOUR FAMILY MEET YOUR FINANCIAL GOALS AS IT HAS MINE.
- TIPS TO MAKE A FULL TIME INCOME FROM HOME
- 5 SIMPLE WAYS TO MAKE MONEY AT HOME WITHOUT A COMPUTER
- MY TOP BLOGGING RESOURCES – IF YOU ARE THINKING ABOUT STARTING YOUR OWN BLOG