Saving money can be a challenge and it can become more difficult once you have a family. As the size of your family and lifestyle expands, saving money sometimes becomes less of a priority. Even starting out saving small amounts can add up over time. If you and your family are ready to become savers but don't know where to start, there are a number of ideas that can put extra money in your pocket.
Cell Phones
One of the biggest drains on the family budget can be your cell phone bill. If you have separate cell phone bills, The Nest Magazine recommends combining then into one family plan with shared minutes. Check your usage regularly to make sure you're not paying for unnecessary minutes and take advantage of plans that offer unlimited calling to the numbers of your choice. If your kids have their own cell phones, consider paying a flat-rate fee each month for unlimited texting to avoid high usage charges. You can also ask your cell phone provider if they can block texting and other data features that may incur additional charges. Eliminate any unnecessary charges, such as ring tones, insurance or data applications.
Rewards Programs
If you've ever been to a larger chain retail store, chances are you've been invited to join in their rewards program. While having all those plastic cards on your key chain can seem like a hassle, it can add up to big savings for your family over time. Depending on how your store's reward cards work, you may be able to earn points towards future purchases and enjoy special discounts in addition to regular sales.
It's important to realize that rewards programs are not just limited to stores. Parenting Magazine offers a rewards program for current subscribers that allows them to enjoy cash back on purchases made at participating online retailers, including Target, Barnes and Noble and Babies 'R Us.
Insurance
Making a simple change to your insurance deductible can add up to significant savings over time. Take the time to look over your homeowner's or car insurance policy to determine your deductible amounts. At the lower end, deductibles typically tend to be anywhere from $250 to $500. If you have a lower deductible, increasing the deductible on your homeowner's insurance policy to $1,000 can reduce your premium by approximately 25%, according to Disney Family Fun.
Increasing your car insurance deductible to $1,000 can net a reduction in your premium of up to 40%. When purchasing insurance for your home or car, it's also important to ask insurance carriers if they offer any discounts. For example AAA membership or being a "good student" can help to bring down your annual costs.
Vacation
If you're planning on taking a family vacation, there are plenty of ways to have fun for less. Good Housekeeping recommends planning a home swap instead of a traditional vacation. Most home exchange networks charge a small fee to register your home on their directory but a home exchange is a great way to see the world without having to pay the costs of staying at a hotel. If you're planning a vacation closer to home, consider camping at a local campsite. If you're going sightseeing in your hometown, be sure to ask for the local discount.
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