A Facebook question had me finally posting another Money Saving post. I had been meaning to do this for ages and this was the perfect time to post here as well.
Regular posters will know that we had a really tough year last year and it's only just getting better now so these are the tips we used and others we learnt along the way
Budget every.single.cent and stick to it - but be realistic. There is no point in putting away money each week for bills, if you have to dip into it to cover weekly costs. Work out what you need, THEN work around that. We have a Fortnightly budget - set for payday that covers everything we can think of. It covers exactly what bills are due, when they are due and how much. We list every bill due throughout the whole year. For annual/quarterly bills, I break them down into fortnightly payments. Many banks now do online banking and many offer free online banking accounts. I have separated all my needs into different accounts - example = Annual Bills, Quarterly Bills, Monthly Bills, Kids Accounts, Car Account, Special Occasions (birthday, Christmas, etc) Home Schooling account, you get my drift. Each pay a certain set amount goes in each account. That way there is no 'dipping' into funds into the main account that may be needed for bills. By budgeting down to the last cent, I can see where money is going, I know how much I need and where I can skim it from if we have a bad week. I can also see in advance, when the 'big' bills will be coming in and what might happen if we have a fortnight that falls when everything is due.. I have got our budget set up for a year in advance. And the fact that we have in on spreadsheet, means that if something crops up (like a surprise car need or vet bill or whatever) I can also juggle everything around and see the results immediately.
Edited to add some mock ups of our budget sheets - I have done quite a few of these for people.
Edited to add some mock ups of our budget sheets - I have done quite a few of these for people.
The second page is linked to the first, so that any changes can reflect immediately.
Buy in bulk when you can, make sure it’s a good deal. (We buy half a cow when we can. Once packaged it has worked out between $4-$8 a kilo depending on sizes of cow) This can be a significant saving for some families. But don’t limit it to meat – bulk buy the things you use the most (and have space for) Don’t fall for the trap of bulk buying everything, then finding a year/months later, you still have 80% of something left and it’s going off. Buy only what you know you will use, in the shelf time it has.
Co Ops with others and get the savings that way - Co Ops are where a group of people will get together and order enough to qualify for wholesale prices. Sometimes wholesale prices can be a HUGE savings. Be aware, you will generally have to reach a certain amount of product to qualify for the cheaper prices, so make sure you have the numbers and cash before ordering.
Bulk cooking and freezing if you have the freezer room - do a massive cooking day and make up stacks of meals for freezing. Often, you should do this after a successful shop at the local farmers markets, take advantage of the cheaper bulk prices. This also means on those days when you simply can't cook for whatever reason or you know that in XXX amount of weeks you are really going to be struggling, you have prepared, healthy, cheap food ready to go.
Meal sharing – everyone cook and bring one to two meals (or whatever is agreed on) and everyone swaps – great way to experience other meals without paying restaurant prices AND can stock up that freezer quickly.
Food Swaps are good as well – especially if you grow your own food. Trade different foods. We once got a brilliant deal on pineapples – a crate for $22. I traded with friends for other fruits, packet foods, meals, eggs, etc. Everyone thought that they got a good deal. If you have surplus foods, ask if anyone wants to buy or trade for them. You’ll soon learn what is wanted and what’s not.
Always make enough/stretch it out enough to store at least one serve/meal away when you make a family meal. Doesn’t sound like much, but after a week, you can have quite a store of backups. This is also great for meal sharing with families in need as well. You can also learn how to stretch meals out by adding things like beans and lentils. There are heaps of healthy cookbooks out there or Internet sites that help you to learn how to add this and that to sometimes even double your meal sizes with little change to taste or health. Also ask around - everyone has their own way of 'stretching' their meal dollars.
Learn preserving/canning/drying – that way, in seasons of plenty, you can store foods away for times of lean. We got a preserving kit and over a hundred jars from Freecycle and friends. All up it cost us $25 for everything. Lots of time, it can be a simple start and books are often available in libraries. There are also many websites and forums dedicated to Canning/Preserving - they are a great source of support for newbies AND pros alike!
Learn sewing. That way you can make clothes go further by mending or recycling into a new outfit (adult clothes become clothes for kids, patches for mending, etc) If you have a knack for it, there is always a market for good quality, well made kids clothes) This works well for Op Shop sales. Buy adult clothes very cheap and cut down for kids. Fabric shops also often have a clearance section, learn it and remember the days that the clearances are even cheaper. I have bought fabric for as little as 20c a meter and made two pairs of toddler pants from one meter = two summer pants for 10c each AND enough scraps left over to patch his jeans and tshirts. Clothes Swaps between friends work as well. At the end there is generally a small amount no one wants, ask if you can have it for sewing. I have yet to hear anyone say no. Also, sewing can open doors for cottage industry such as Toys. Well made toys are always being sought after.
Grab cuttings from other people’s gardens – grow some of your own food needs for free or cheap. Find out what works best in your gardens spaces. Some people only have a balcony, others a courtyard, a yard in the 'Burbs, some have HUGE fields and some people have no outside space whatsoever. But every space can grow food. All you need is light, water and a good growing base. Sunlight is best of course, but I have seen some fabulous indoor gardens, grown on nothing but one garden lightglobe in a desk lamp. Google or Pinterest "City Gardens" for ideas. Also, go to farmers markets and get 'heirloom' foods/seeds - I have only just found out about this. Many supermarket foods can't be grown from their seeds due to fiddling with their DNA (I assume) but many people who grow their own foods have done so by getting cuttings and seeds from others that grow their own, and so on. Swapping foods, cuttings, seedlings, etc is a great way to switch around what you grow, without laying out any money. Learn how to store seeds from your previous harvests - this is a great swap and sell opportunity as well!
Hard Rubbish/Rubbish Tip Stores. I know, I can hear the 'WHAT?!' now, lol. Hard Rubbish, or side of the road council pickups are a great way of grabbing those gems in the dust. BUT... please check out your local governments rules on this. Many local councils have made 'scabbing' (as it is affectionately known here) illegal and can impose fines on anyone caught. That said, I have gotten some fabulous stuff - we recently got an Ikea Rug, still in it's wrapper!! Looks fabulous in the Loungeroom :D Rubbish Tip Stores are also a great place to grab things. You can repurpose, upcycle, cleanup or sell. As always, make sure it is worth your time and effort and CASH to do so. No point in buying something, going to all the effort of cleaning it up/repairing it if no one wants it!
Ask around for any odd jobs you feel you can do. I often struggle to do simple things around the home and would love to be able to find someone who could weed my roses. Or wash my windows, but can’t afford the $50 an hour I keep getting quoted. Many people in the community need things done, but can’t or don’t for whatever reason. Don’t think of it as begging for work and feeling embarrassed – seriously, you are helping others as well as getting a boost to your pocket. But don’t undercharge either – you are doing this for your family as well.
Figure out the local Op Shops – many range in prices and quality. Don’t rule out that tiny dirty looking Op Shop, they just may have the best stock and prices. Same goes for the Big Ones, just because they have heaps of stock, doesn’t mean they are the best prices. Learn which op shops suit you best. I have found that by creating a relationship with some Op Shops, I was able to get a better deal when I needed it the most (for example, one op shop knows that I am desperate for pants for winter, so they put all their size XX pants away for me to look over when I came back) Also some of the Op Shops have discount days and discount tags. Use this to combine savings on purchases.
Reselling is also a good way to get a little extra cash. Find those bargains at op shops, garage sales, car boot sales. They can be things like dirty/split Tupperware, toys that need fixing, things that need a good scrub/clean, anything really. Once cleaned up and/or fixed/replaced, you can sell it on. Example – I found a rug at a garage sale. It was dirty and quite smelly, but overall, it was in fabulous condition. No one wanted it as it needed cleaning. So I got it for $5. Took it home, and scrubbed it. I used washing powder, outdoor broom and my hands. The kids got involved and we had great fun scrubbing it on the lawn with water. Hung it on a big tree out the front and after a full 2 days in the sun (dry rugs with the top/pattern away from the sun) it was clean and dry. Sold it for nearly $300 for a few hours hard graft. Same with a sale at an Op Shop. Two bags of dirty Lego on pension day AND sale day= a heck of a savings. Took it home and put it through the washing machine in dedicates bags and sold it for enough to start our candle stuff. I also pick up pieces of toys and Tupperware here and there, combine them together into a bulk pack and sell for a lot more than I bought it for. But patience is needed and the ability to store stuff as well.
Kids Parties – I know, that one is a bit out there. But I used to hold kids parties – Craft Parties, Birthday parties, Theme Parties – whatever you feel comfortable doing. I had heaps of craft items I picked up at an auction for mere cents, so I would hold Craft Parties. If you can figure it out, it can work well. If you have older kids, or your house is perfectly set up for kids, this can be a good income. You would be surprised at what works and how well you can earn some extra cash. But it can be hard work. Charge a certain amount per head and set the time.
Couponing is big in some countries. While I don’t personally know much about them, apparently they can be really good for saving money. There are groups that trade them and online groups that pass the word on printable coupons. I have been told that a good, organised couponer can save hundreds. Same rule applies here as every where else - only get what you will actually use in a set amount of time. No point in getting 50 bottles of toilet cleaner if you only go through one every few months. BUT... you might be able to sell them on...or not. Another one to figure out if your area will support that.
Saving power is always a big thing. I have had some very interesting chats with people in other countries about power savings. Some people are all for it, others have no idea. Seems Australians tend to be more in the "Try anything" category lol. Switch all appliances off at the wall when not in use. These are often referred to as Vampires as even in standby mode, they are slowly draining power. Avoid your dryer and use outside - two factors. It's healthier for clothes to be disinfected by the sun and stains tend to fade when in full sun and you are saving on power costs. If outside doesn't work for you, try inside clothes hoists or rails. Even using the local laundromat can save money. I wash my big doonas at the laundromat for about $6 each and then either dry them there for $4 of lug them home. Other times, I have paid $3 to dry my entire weeks washing - cheaper than putting several loads through my household drier. Turn lights off when not needing them. Try doing 'powerout nights' where all power is turn off (except for essentials like fridge/freezers, medical needs - the common sense stuff) and use candles and open fires if allowed.
Cleaning Stuffs - Here's one that can shave quite a bit off your budget AND be healthier for your home. Stop buying chemical cleaners and research into more natural cleaners. Googling will show heaps of different ways to save money this way. Lemons, vinegar, baking soda are the more common ones. Make sure you get proper vinegar though, not the crap stuff. Buying the crap stuff can be just as nasty as buying chemicals and work badly as well. Google is your friend here. Find out what works for you. A few normal cupboard ingredients can replace heaps of $$ of chemical cleaners. Growing lemons is a great way to save money, or buying in bulk when cheap then freezing (we do this).
Homeschooling isn't cheap, but it can be. I do a lot of searching the 'Net - Pinterest has become quite useful for discovering different activities, blogs, ideas, you name it! There are also Yahoo groups, forums, Facebook groups, SO MUCH STUFF!! Just today, I picked up a free Kids Counting in the Garden ebook. By being on the different Facebook groups, I have downloaded HEAPS of free schooling ideas and worksheets, lapbook ideas.... This is not just limited to those who homeschool, anyone can join or search and they can provide some great bonding times with your kids on holidays, after school, weekends, etc. I also keep an eye on booksales and Always check out the op shop for books to use. Join the Yahoo groups and keep an eye on their secondhand posts, some really good stuff can come up. I have also asked around and found several different places that I can get supplies from for quite cheap - but it is a lucky dip most of the time lol. But that's also half the fun.
Find your local Auction Houses - most have now moved to online formats as well, so you can look without having to go physically there and checkout what they have. Most of the better ones even do updates on what they have. I have scored really well - an entire build it yourself giant Lego sorta building blocks for $15. Kids love it. (and I mean GIANT lol - they build cubby houses and castles with it)
Don't be shy to ask for stuff. I saw someone filling a trailer with rubbish, and I noticed him throwing what looked like a fish filter away. I asked if he minded if I had a look, he said go ahead (be aware, some people will say no, that's the risk) and I saw it was a very exxy fish tank filter. Asked him what was wrong with it and he said former tenants left it behind. I offered him some cash, but he said take it as he didn't know it if would work. It did and I cleaned it up and sold it for $125.
Finally - talk to your service providers. Let them know whats going on and see if there is anything they can help with - downgrading plans, cancelling plans, offering different prices. Don't be afraid to let them know you are doing it tough. Talk to Centrelink, schools, power companies, phone providers anyone you can think of. Google assistance in your area - Centrelink/Government Support can often 'forget' to let you know what you might be entitled to so find a financial assistance program in your area and book an appointment. Also approach the many different charities. Be aware that they are under a huge amount of pressure at the moment, so might not be able help a lot, but they might be able to steer you in the right direction. Or three different charities might be able to fill that hole for a week for you to get some breathing space - you won't know unless you ask.
Then, if you are still struggling - go speak to a Qualified Financial Adviser. They can help with options and suggestions, debt agreement and maybe even help you decide if you need to go bankrupt. Bankruptcy is always a final choice, not many of us willing go bankrupt, but if it the decision between your struggling to simply survive and being able to breathe, it may be the right option for you. They can advise what the benefits and more importantly, the negatives of such a decision. Make sure you research your adviser well before hand. Many are simply out there to facilitate your moving into bankruptcy or to close you into a debt agreement - which can sometimes be the same thing to your credit rating, with none of the benefits of bankruptcy. Research well.
I am sure that there are heaps more – feel free to add if you want. Everyone benefits when we share our resources.