{"id":1575,"date":"2018-01-23T22:27:26","date_gmt":"2018-01-23T11:27:26","guid":{"rendered":"https:\/\/www2.letsbemates.com.au\/?p=1575"},"modified":"2022-02-22T09:36:05","modified_gmt":"2022-02-21T22:36:05","slug":"fundamental-household-budget-tips-young-families","status":"publish","type":"post","link":"https:\/\/www.letsbemates.com.au\/mate\/fundamental-household-budget-tips-young-families\/","title":{"rendered":"Fundamental household budget tips for young families"},"content":{"rendered":"<p>Monthly expenses can be a burden for young families. Add a child into the equation, and it can become increasingly difficult to make ends meet.<\/p>\n<p>On top of the bills you know you\u2019ll have to pay each month, raising a child can bring a multitude of unforeseen expenses that stretch a family\u2019s budget: new clothes, trips to the doctor, new school supplies, and so on. These small costs can add up and affect all aspects of your life.<\/p>\n<p>When you barely have enough money to pay the bills and other regular expenses, saving money becomes an unachievable dream\u2026<\/p>\n<p>But it doesn\u2019t mean you shouldn\u2019t try.<\/p>\n<p>The truth is, there are some ways to improve your situation, take control of your money, and put something extra in the piggy bank each month. Take a look at these tips that can help you reduce costs, manage your household budget better, and save some money.<\/p>\n<h2>1. Shop Smart<\/h2>\n<p>The first rule of budgeting: never go to the supermarket without a list.<\/p>\n<p>By not having a clear idea of what you have to buy, you can end up with a lot of unnecessary items in your cart. Nobody\u2019s saying not to treat yourself and your family, but an excessive load of groceries can take a toll on your budget.<\/p>\n<p>Instead, plan out your meals for a few days and shop for the ingredients you need to prepare them. Write them down, including the quantities, so you don\u2019t buy too much. It\u2019s better to make more frequent visits to the store with a clear plan in mind than to go once a week and purchase everything.<\/p>\n<h2>2. Become A Bargain Hunter<\/h2>\n<p>Whether it be for groceries, clothes, electricity, or anything else you find yourself paying for on a regular basis, there are often bargains out there that you don\u2019t know exist.<\/p>\n<p>Being a bargain hunter doesn\u2019t mean you need to give up all the things you love. For example, you may choose to keep up to date with the deals on an app such as Groupon, that allow you to take the family out for dinner on the cheap. Or it could be as simple as buying the CC\u2019s instead of the Doritos because they are on sale.<\/p>\n<p>If you keep your eye open for a better deal you will be surprised at how much money you can save over time.<\/p>\n<p><b>    <div class=\"cta-nbn-facts\">\r\n        <a href=\"\/nbn\/\" class=\"inner-wrap\">\r\n            <div class=\"price\">\r\n                <div class=\"wrapper\">\r\n                    <span class=\"prefix\">$<\/span>\r\n                    <div class=\"amount\">51<\/div>\r\n                    <span class=\"suffix\">per mth*<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"details-wrap\" style=\"width: 100%\">\r\n                <div class=\"item\">\r\n                    <div class=\"info\">\r\n                        <h4 class=\"heading cta-link\">Crikey nbn 25\/10<\/h4>\r\n                        <p class=\"brief-info\">Best plan for 1-2 people<\/p>\r\n                    <\/div>\r\n                <\/div>\r\n                <div class=\"item\">\r\n                    <h4 class=\"heading\">Unlimited<\/h4>\r\n                    <p class=\"details\">*For first 6 mths with BINGE25<\/p>\r\n                    <span class=\"extra\">Then reverts to $76\/mth<\/span>\r\n                <\/div>\r\n                <div class=\"item\">\r\n                    <h4 class=\"heading\">25 mbps<\/h4>\r\n                    <p class=\"details\">Typical busy period download speed (7pm to 11 pm)<\/p>\r\n                    <span class=\"extra\">*Speeds may be lower on FTTN\/B, FTTC<\/span>\r\n                <\/div>\r\n            <\/div>\r\n        <\/a>\r\n        <div class=\"bottom\">\r\n            <div class=\"item\"><a target=\"_blank\" href=\"https:\/\/mymate.letsbemates.com.au\/cis\/326.pdf\"><i class=\"far fa-file-pdf\"><\/i> Critical Information Summary<\/a><\/div>\r\n            <div class=\"item\"><a target=\"_blank\" href=\"https:\/\/www.letsbemates.com.au\/includes\/uploads\/Important%20Stuff\/mate_nbn_kfs_regular.pdf\">nbn Key Facts Sheet<\/a><\/div>\r\n            <div class=\"item\"><span class=\"more-info\"><a href=\"https:\/\/www.letsbemates.com.au\/nbn\/\">More information<\/a> <i class=\"fas fa-question-circle\"><\/i><\/span><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/b><\/p>\n<h2>3. Consider Refinancing<\/h2>\n<p>This one is a little more involved than the first two tips, but it\u2019s an option that many young families don\u2019t know they have available to them.<\/p>\n<p>Do you have a debt with the bank? It may be a mortgage, a car loan, or simply a credit card debt that is eating into your budget with fees and high interest rates.<\/p>\n<p>By looking into other financing options, you can look to consolidate this debt into a lower interest loan. For example, a different bank may give you a lower mortgage rate to take over the debt of your home loan. Or you might see an opportunity to switch credit card providers for a low or no interest deal.<\/p>\n<p>Don\u2019t just accept the debt and interest that you are paying currently, get creative.<\/p>\n<h2>4. Only Pay for the Services You Need<\/h2>\n<p>Your bills are piling up each month, but the money you have to pay might not be the result of what you consume, but a disadvantageous contract.<\/p>\n<p>There are three primary services most families get: TV, telephone, and internet. Now, it\u2019s vital to think about these services and ask yourself\u00a0<em>\u201cam I getting my money\u2019s worth?\u201d<\/em>\n<p>The fact is, you might be paying extra for something you don\u2019t need, but since you\u2019ve decided on a package when you signed the contract, you are stuck paying for unnecessary perks.<\/p>\n<p>How many channels do you actually watch? Do you make a lot of international calls? How much data do you use? If you find that the plans you\u2019re paying for don\u2019t fit your needs, contact your provider and ask to <a href=\"https:\/\/www.letsbemates.com.au\/mobile\/why-choose-an-nbn-and-mobile-bundle\/\">get a different service package<\/a>.<\/p>\n<p>You might even let go of some services. For instance, you may find you don\u2019t need a pay-television service if your internet provider lets you use streaming services like Netflix, which is a lot cheaper.<\/p>\n<h2>To Sum Up<\/h2>\n<p>Saving money can be a foreign notion to many people struggling to get by. Drastically changing your lifestyle, or entirely renouncing some services aren\u2019t viable solutions, as most people won\u2019t be able to see them through. The trick is to analyse your lifestyle and look at what you can do to reduce costs. Hopefully, these tips give you a head start.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monthly expenses can be a burden for young families. Add a child into the equation, and it can become increasingly difficult to make ends meet. On top of the bills you know you\u2019ll have to pay each month, raising a child can bring a multitude of unforeseen expenses that stretch a family\u2019s budget: new clothes,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1577,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamental household budget tips for young families - mate<\/title>\n<meta name=\"description\" content=\"Monthly expenses can be a burden for young families. 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These tips can help you reduce costs, manage your household budget better, and save some money.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.letsbemates.com.au\/mate\/fundamental-household-budget-tips-young-families\/\" \/>\n<meta property=\"og:site_name\" content=\"mate\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/matecommunicate\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-23T11:27:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-21T22:36:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.letsbemates.com.au\/mate\/wp-content\/uploads\/2018\/01\/Fundamental-Household-Budget-Tips-for-Young-Families.png\" \/>\n\t<meta property=\"og:image:width\" content=\"975\" \/>\n\t<meta property=\"og:image:height\" content=\"652\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mate\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@matecommunicate\" \/>\n<meta name=\"twitter:site\" content=\"@matecommunicate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mate\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.letsbemates.com.au\/mate\/fundamental-household-budget-tips-young-families\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.letsbemates.com.au\/mate\/fundamental-household-budget-tips-young-families\/\"},\"author\":{\"name\":\"Mate\",\"@id\":\"https:\/\/www.letsbemates.com.au\/mate\/#\/schema\/person\/e6bf9dbc55a574007c9bd2b696f94938\"},\"headline\":\"Fundamental household budget tips for young families\",\"datePublished\":\"2018-01-23T11:27:26+00:00\",\"dateModified\":\"2022-02-21T22:36:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.letsbemates.com.au\/mate\/fundamental-household-budget-tips-young-families\/\"},\"wordCount\":797,\"publisher\":{\"@id\":\"https:\/\/www.letsbemates.com.au\/mate\/#organization\"},\"articleSection\":[\"Home &amp; Business Internet Blog | MATE\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.letsbemates.com.au\/mate\/fundamental-household-budget-tips-young-families\/\",\"url\":\"https:\/\/www.letsbemates.com.au\/mate\/fundamental-household-budget-tips-young-families\/\",\"name\":\"Fundamental household budget tips for young families - mate\",\"isPartOf\":{\"@id\":\"https:\/\/www.letsbemates.com.au\/mate\/#website\"},\"datePublished\":\"2018-01-23T11:27:26+00:00\",\"dateModified\":\"2022-02-21T22:36:05+00:00\",\"description\":\"Monthly expenses can be a burden for young families. 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