Having a large family can be incredibly rewarding, giving both parents and children a vibrant, fun-filled and loving home life with plenty of laughter and cuddles to go around. However, the reality is that having a bigger family can also come with some significant challenges, particularly as the cost of living crisis continues to affect households across the nation.
If you are concerned about the state of your large family’s finances, and you are keen to find manageable ways to cut costs and reduce your bills, here are some money-saving tips that will hopefully provide the advice and assistance that you need.
Draw Up A Detailed Budget
One of the most important things to do to help you save money when you have many mouths to feed is to construct a detailed budget for your weekly or monthly expenses. To do this, you should write down all of your in-goings and out-goings, and then allot a certain amount of money for things like groceries and fuel.
Preparing a detailed budget like this will bring you a number of vital benefits. For one thing, you will be able to see where all of your money is currently being spent, which can help you make any necessary alterations – for instance, nixing an unnecessary spending habit, or finding a cheaper alternative. Budgeting will also reduce the risk of potentially costly impulse purchases, and will help you to find manageable ways to save some money for more important things, like a special family holiday.
Keep An Emergency Stash
Unfortunately, even the best-laid plans – or, in this case, the most carefully compiled budget – can be thrown into confusion by an unexpected emergency. As a result, it’s vital that you have some money kept aside, just in case something does go wrong.
After all, you never know when a car might suddenly break down, or a boiler malfunction. It’s better to be a little stingy and have a financial safety net prepared, than to spend now and regret it later when you really need the money and don’t have any to hand.
Buy Your Linens Wholesale
When you have a larger family, it can be easy to rack up large bills on essentials such as clothing and bedding. While charity shops are a helpful, low-cost option, you may also want to consider purchasing things such as new linens, bedding sets and towels wholesale. Buying these items from UK wholesalers such as British Wholesales will not only reduce your expenses, but will ensure that you have a constant supply of high-quality bedding and linens to hand.
It will also save you time, as well as money, as you won’t have to make dedicated shopping trips to different stores to find what you need. Instead, you can quickly and easily order all of the linens your family requires in one fell swoop.
Keep An Eye Out For Second-Hand Items
Buying new clothing, shoes and toys for your kids can befrighteningly expensive, particularly if you have several children to kit out. Fortunately, there are several things you can do to reduce your expenses. For one thing, it’s a good idea to keep all of your older children’s clothes, shoes, and toys safely stored away, so they can be re-used by your younger offspring.
You can also make the most of charity shops and preloved selling sites and apps such as Gumtree, eBay, Vinted and Preloved. Many of the items people choose to sell are still in great condition but will cost you a fraction of what they would have done if you bought them new from a shop. It’s a win-win situation. Finally, it’s always worth asking family and friends if they can pass on any unwanted items when they no longer need them.
Use Smart Shopping Habits To Lower Your Food Bills
With food prices rising due to inflation, it’s never been moreimportant to develop savvy money-saving shopping habits to help keep your expenses down. For instance, it’s always best to prepare a detailed list before your weekly shop – and make sure you stick to it. This will reduce the risk of costly impulse purchases, while ensuring you have everything you need.
Another tip is to make the most of special offers and coupons, wherever possible – but scrutinise those offers first, to make sure they will actually make a difference and aren’t just a marketing gimmick. Before your big shop, it’s a good idea to come up with the recipes you plan to cook during the week. There are plenty of delicious budget-friendly recipes for large families which will help you to save money while simultaneously providing nourishing meals for your loved ones.
There’s no denying that the current cost of living crisis can make it incredibly stressful to provide for a larger family. However, if you start employing a range of money-saving strategies such as those mentioned above, you should be able to find various ways to cut corners and reduce your bills. You also shouldn’t feel afraid or ashamed to ask for help if you ever need it – either from your family and friends, a charity, or your local council. In difficult times, it’s important to reach out for support when it’s required.