5 Common Ways Families Overspend

by | Saving Money

If you are looking for ways to free up extra money in your family budget, you are not alone. You may be eager to use any extra money that you can find for debt reduction, savings, or other goals. While it may seem as though there is little or no extra room to scale back spending, you may want to take a closer look. These are some of the more common ways that families overspend.

 

 

Bank Fees | Overspend #1

Bank fees typically include ATM charges, monthly service fees, and overdraft fees. It is easy to overlook these fees because you do not physically pay someone else for them. Nonetheless, they are deducted from your account and are real expenses. They may be nominal fees, but the costs can add up to a sizable amount of money over time. Research what actions are creating these cost (didn’t meet minimum monthly balance, overdraft-ed account, etc.) and plan your budget to avoid these costs; if necessary, consider switching banks.

 

 

Computer Supplies | Overspend #2

In many homes, families spend a small fortune on computer supplies, such as printer ink and paper. These items may be essential, but keep in mind that you can shop around to save money. You can also adjust your printer settings to save money on printer ink.

overspend

 

Sodas | Overspend #3

Sodas may taste great from time to time, but they have minimal or no nutritional value. More than that, they can lead to being overweight or obese, and their cost can add up over time. Consider eliminating sodas from your grocery budget, and only order water when you are at restaurants to save a sizable amount of money.

 

Entertainment | Overspend #4

Some families spend a significant amount of money each month enjoying quality time together. However, you do not need to have meals at restaurants, go to movies, or spend any money at all on other expensive entertainment options. Consider finding free alternatives, such as by having a family game night in the house or watching the big game together in the living room.

overspend | over budget

 

Utilities | Overspend #5

Many families could also save a small fortune on utilities by making a few changes. For example, adjust your thermostat settings by one degree to save money without causing discomfort. Limit the amount of time each person can spend in the shower. You can also change your settings on your fridge and water heater to save additional money on utilities.

Even though it may have seemed like you have scaled back spending in all reasonable ways, you may now see that there are many money-saving ideas that you have not yet considered. Now is a great time to begin implementing these money-saving ideas to improve your family’s budget.

Check out the Financial Aid ProgramsHousing Resources, and Government Food Programs. There is help out there for you.

 

 

 

5 Helpful Resources for Women Who are Expecting
If you are living paycheck to paycheck or struggling to make ends meet, a pregnancy can put a lot of extra stress on you and your family. Luckily, there are single mom resources available to help you if you need some assistance. These programs provide benefits such as...
How To Get A Work-From-Home Job and Earn $275 Per Day
How To Get A Work-From-Home Job & Earn $275 Per Day There are many advantages to working from home. There's no expensive and time-consuming commute, for example, and it's also possible to work from home while juggling other responsibilities. However, while many...
Public Assistance Study
 According to a new public assistance study conducted by the University of Illinois and the University of California-Berkeley, a overwhelming majority of fast food worker's families are enrolled in one or more public assistance programs. These programs...
Affordable Health Insurance
Is finding affordable health insurance as improbable as encountering a unicorn walking across your back lawn? It doesn't have to be. Here are seven steps you can take to lower your costs.   1. Understand your options to buying affordable health...
Searching for Online and Freelance Employment
Searching for Online & Freelance Employment Many career fields and skills do not fall under traditional frameworks for employment. Writers, photographers, marketers, teachers and artists may be able to find work as online freelancers to continue improving their...
Morning Habits for Success
Are you a morning person? Many people enjoy getting up at the sunrise and having a cup of coffee while they browse the web and others prefer to sleep in as long as possible but the most successful people in the world embrace the mornings and in fact there...
Solid Advice for Credit Repair
It may be difficult to find information on the best ways to improve your credit. There is a wealth of different tips in this article to help you rebuild your journey to credit repair. Using these tips can save you from stressing and prevent headaches....
Budget Tips for Today’s Family
If you are in charge of creating the family budget, chances are, you’ve had the unfortunate experience of having a brilliant budget plan that isn’t executed well. This happens to many families and couples, and with a little attitude tweaking, you can solicit the help...
A VA Home Loan Can Help You Get Affordable Housing
 Ever since the housing market collapse, lenders have tightened the requirements to qualify for loans. If you don't have the required credit score or enough for a 20 percent down payment, it will be difficult to secure qualification for a conventional...
Social Security Benefits & Retirement
Though all Americans look forward to the day when they can kick back in a lawn chair and spend time working in their flower gardens, retirement comes with many burdens. A fixed income or access to a 401(k) may not be enough to supplement the lifestyle many seniors are...
How Do You Repair Your Credit Score?
How Do You Repair Your Credit Score? You may be bombarded with ads for businesses telling you they can help fix your credit. Many companies say they have some kind of proven method for improving your credit score. However, you should first follow this advice and see...
Understanding Federal Grants (Part 2)
 In the last issue we talked about how the federal grant system works and how you can make it work for you. In this issue we are going talk about exactly who's eligible to apply for federal grant money. The simple fact is that almost everyone is eligible...
Increasing Literacy in Children
Increasing Literacy in Children Literacy is important. This is a fact that cannot be stressed enough. Often, arts and literature are tossed to the side to make way for additional funding in other areas, but learning to read lays the foundation for further education...
Readership Programs for Children
Readership Programs for Children The summer break may not always be beneficial to children. Studies show that children lose an average of one month of learning during the time off between school years. One way to counter this is to engross them in activities that...
Social Security Disability Benefits
Sometimes in life, events occur that prevent people from working in order to make a living. Accidents occur and illness strikes at the most inopportune moments. The Social Security Administration may be able to help. They provide disability benefits to...
4 Challenging Discussions (And How To Have Them)
It's not always easy to practice open and honest communication, especially with your family. Unfortunately, that lack of communication can have serious consequences. If you're having a hard time finding the courage to approach your family about an issue...
Section 8 Vouchers Less Likely to be Accepted
 About 300 less, that is the number in Nashville, TN. Since 2010 there has been 300 fewer Section 8 vouchers accepted throughout the Greater Nashville Area. Families are being kicked out of their apartments and housing because the owners have just decided...
How A Home Warranty Will Save You Money
A Home Warranty Will Save You Money Owning a home can be expensive. Appliances break down, and air conditioners tend to quit working in the middle of the summer. In fact, most home have a major mechanical breakdown twice each year. Usually, these breakdowns occur at...
Easy Formula for Grant Applications
When you look forward to apply for a government grant, you will need to do a lot of research and make elaborate preparations. To give a kick start to your grant seeking process, fist you must understand the different types of grants available. You will...
Coupon Tips That Can Save You Money
Everyone loves a great deal and your luck will get better when you find coupons for your favorite items. There are a lot of great locations to discover coupons these days, including the Internet, newspapers and flyers. These are tips and techniques on how...

Subscribe

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Family Picnic

Enter Your Email to Receive New Assistance Updates

Due to the overwhelming response, please enter your name and email to ensure proper results.

Thank You! You will now receive the latest assistance updates!

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Pin It on Pinterest

Share This