money saving tips for frugal families
Post on 14-Jul-2015
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#CreditChat
Money Saving Tips for Frugal Families
Wednesdays | 3 p.m. ET
Featuring: @AmericaSaves
Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we talked about ways families can save money.“
Check Out All the Tweets and Resources:
ex.pn/frugal-fam
More than a quarter of Americanshave no emergency savings.
Source: @BankRate
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
Why is it difficult for families to save money?
Priorities. We always have something more important NOW than saving for later. Need to make saving FEEL urgent.
Tweet by @AverageJoeMoney
#CreditChat
It’s hard to save money if you don’t have a budget or a clear understanding of where your money goes each month. Budget, budget.
Tweet by @AdvantageCCS
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
What are steps for a family tostart a realistic budget?
Know your family’s financial picture. Set goals and make a plan!
Tweet by @AmericaSaves
#CreditChat
Banish the budget! (But make a spending plan.) Tweet by @KatieBissell
#CreditChat
The No. 1 rule of setting budgets is not to cut all the
fun out of your life.
Source: @BankRate
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
How can families save more money on meals?
Cut back on going out for family dinners. Swap it out with with a fun alternative like making your own pizzas.
#CreditChat
Tweet by @LeslieHTayneEsq
Save money on meals by creating a meal plan and only buy groceries to make the food on the menu.
Tweet by @MsMadamMoney
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
How can families save on clothes?
I love doing clothing swaps with my girlfriends. It’s a fun, frugal hangout and we get “new” clothes!
#CreditChat
Tweet by @Annj_Chen
Nothing beats hand-me-downs. We have a newborn, and old clothes from friends and family are awesome!!
Tweet by @WealthwithMina
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
How can families cut down on utilities?
Using a programmable thermostat can save an average $180 on your energy bill.
Tweet by @NerdWallet
#CreditChat
Save money on utilities by limiting usage and and cutting off what you don’t use.
#CreditChat
Tweet by @MsMadamMoney
Wednesdays | 3 p.m. ET#CreditChat
What are some free or low-cost waysto entertain the family?
have hours of fun and free entertainment with your family!Game night! Grab some board games, pop some popcorn and
Tweet by @AdvantageCCS
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
What are ways families cansave on transportation and insurance?
help you avoid costly fixes down the road. Tweet by @AmericaSaves
Be kind to your car. Keeping it tuned and driving safely can
#CreditChat
Many insurers offer a good student discount. You can also group your policies together for more savings.
Tweet by @LeslieHTayneEsq
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
How can families save moneywhen buying gifts for others?
Edible treats can be very inexpensive and fun to make as gifts, and you can make many at a time!
Tweet by @Emergebenefit
#CreditChat
Tweet by @AverageJoeMoney
Remember, the gift of YOU is what people often want. Time is a commodity that is irreplaceable.
#CreditChat
Wednesdays | 3 p.m. ET#CreditChat
Any final tips on how families can savemore money?
Always remember… if you can’t afford to save, then you can’t afford to borrow. Tweet by @MsMadamMoney
#CreditChat
Saving money isn’t just for parents. Make it a “family thing”
and teach kids good habits from a young age!
Tweet by @Emergebenefit
#CreditChat
Keeping your money on your mind will also help keep it in your bank account.
Tweet by @LeslieHTayneEsq
#CreditChat
#CreditChatWednesdays | 3 p.m. ET
Check out all the resources and tips shared:
ex.pn/frugal-fam
#CreditChatWednesdays | 3 p.m. ET
Join Us Every Wednesday at 3 p.m. ET.
bit.ly/join-creditchat
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