Trust me, the amount of challenges that you’re being put through, one day you will SURELY be compensated for it.
Do you find it hard to keep up with the growing expenses? Want some ways to ACTUALLY save daily expenses and help your family stay happy?
The blog daddy understands how embarrassing it can get when you ask your friends and family for some cash. And that request too, meets denial somehow, at times.
Here with ten very, VERY effective tips for procrastinating expenses and/or reduce them. Remember, you don’t have to implement each of the following.
Throughout our lives, the only expense that bugs most families is that of education.
Some families have lots of children, and they have to compromise a significant proportion of their monthly income for tuition fees. If you are one such father, brother or son that works to:
a) Provide education for the family, or
b) Pay for his own education,
Then let me tell you that you are one of those people that are respected to a whole another level. Talk to the school’s principal and come up with a letter saying that you expect a discount for admitting multiple children in the same school, if that is the case. If the children are in different schools, it would be a wise move to gather all of them in the same school and opt for some discount.
If there is only a single child that is school-going, try your luck and do one thing. Write to the principal promising that the child will provide excellent grades, if only he/she is allowed to study at a discounted tuition fee.
For college fee, you can ask the principal for an internship! While you teach the college’s students for free, you can enjoy a discount in your own college fee. I understand that working along with studies is very hard. And with teaching coming into play, it often gets next to impossible. But trust me teaching is a profession that will require you to keep yourself up-to-date with your own subject. That will in turn benefit you!
Request the principal to allow you a special discount in exchange for an internship.
Opting for installment plans
The next best thing if you don’t succeed in scoring a discount can be requesting the principal to authorize an installment plan. That way, you won’t have to pay a lump sum amount and face cash flow problems at home.
Also, installment plans are an excellent solution for protecting your investment if you are new to college. They act as a trial payment in the beginning as you try and figure out whether the faculty is of help. I am in college with my sister. Not only do I enjoy a Sibling Discount, but we are also provided with an installment plan for each session. I can’t thank Madam Saima enough for that.
Making the best out of damaged dishes
They say health is wealth - but in some cases - it costs to be healthy. The kitchen is the second most important expense out of a working man’s payroll.
No matter what, we all need to eat in order to survive. The best option here is to delay buying further crockery and dishware as much as possible.
If you are thinking of purchasing new dishes, get the old ones repaired instead. There is this guy that passes through our street each week saying he can repair all sorts of pressure cookers, stoves, irons, frying pan handles and water dispensers.
Now, we don’t throw away damaged crockery even if we can manage to buy new one. Why should we when the man can make the damaged ones look like new at a fraction of the cost? Getting old worn out knives sharpened is also an economic alternative to buying new ones. Why spend money when you can save it?
Trying something creative for a change
Families that have little toddlers definitely know how uncommon it is to see crockery being thrown at the ground. We all hear the ‘BOOM!’ and the ‘BANG!’ quite often, all thanks to those little innocent devils.
It gets hard to buy new crockery every now and then. This includes items that are of everyday use, such as glasses, plates and cups. If you have children, then you might want to try something different for a change. Take a plastic bottle, and cut it halfway through. Now, use the upper portion with the tap on as the children’s cup/glass! Feed them some milk and let them throw things on floor; at least they won’t break!
Decorate these cups with stickers and paint. Let your children do the decoration instead! They would love to drink in their very own crafted chalices.
Putting accounting to work
Okay I am an accountant and for financial management, we are taught to DELAY payments, and ENCOURAGE receipts. So if you are to buy some veggies and meat from the market, make sure you hit the same departmental store each time. Become a frequenter for the store. And then, you ask them for trade credit!
Let them know that managing daily expenses is hard and you would like to buy groceries en masse once or twice a month and pay them at payday! How’s that? Works for you, eh? To be able to do this, you first need to befriend the store keeper. Make sure that when you ask, the store keeper is socially obliged to accept your request.
Get yourself a large piece of marble for a cut board. Not only will the marble piece outlast all other sorts of cutting boards, it will also not get scratched by sharp knives easily. Get it buffed when the scratches darken and you are good to go for at least another year.
The third most important expense we incur is on fuel. There is not much to it that you can do, except the usual. Encourage the usage of bicycles, especially among children.
These can be used to get to college or to school, to buy groceries from the departmental store or for other similar purposes.
Rather than pulling out the family car time and time again, make the usage of bicycles sound fun. The ladies might even use electric scooties that can help cover long distances.
All the savings you make here can then be divested partly in maintaining the family car and partly in keeping the fuel tank reserved for formal or long-distance travels.
Get your car checked at least four times a year
After about every three months, it is a must that you get your car checked by the mechanic. The spark plugs or the air filter might show signs of corrosion/blockage. Get them replaced and have an oil exchange that is free-of-cost of labor. Again, why pay bucks when you can save them instead?
Install a gas kit in your car. This provides you with two benefits:
1) Even if you are reluctant to use gas, the option of using petrol as a fuel source is always there. And,
2) Gas is economical and lets your car walk the extra mile at a lesser cost.
The gas kit can be a considerable expense in the beginning. But the partial savings you made by travelling through bicycles and scooties should cover up the cost for this kit. At least a portion of the expense, if not all.
Find alternatives close by so that you have to travel less
We often tend to ignore shops that are close by and instead drive off to the ones that are at the farther end. Don’t drive for those extra miles and instead, find some shops that are close by. The commute can then be conducted using a bicycle.
Not to mention, the health benefits of using bicycles are definitely tempting enough for you to give it a try. Pull out the bicycles that are piling dust on them and give them a go, you might actually find it fun.
If the children are in a school or gym that is quite far, why not shift them to the ones closer by? This makes your expenses further decline. Also, try and make pairs of each to-do item on the list. You have to reach office on time and drop the children off to school. Search the area around your workplace and you should be able to find one over there.
This helps you save quite some money at the end of each month.
If you are one of those families that have a healthy social life, then you might have to spend quite a considerable sum each month on hangouts, planned sleepovers and dinners/parties. It’s about time you try and limit these activities to a certain limit.
Let your children know that they can only go to one hangout party each month. Don’t be harsh; reward them by buying a dress each month for abiding by the new rule. Also, stop indulging with professional friends all that much. Keep dinners and corporate meetings in-house, and reform your professional circle on new grounds.
It gets awkward before it gets better
Trust me when I say this; nobody will welcome the thought of you reducing your social activities at first. But as times pass, staying at home will seem normal. The freed time can now be utilized to do one very important thing; freelancing.
Yes. Freelancing is indeed one of the most important sources of living for many families today. With just the right expertise in one field, you can get yourself popular over the internet. Some like blogging while some excel at making videos for YouTube because of their chemistry on the camera lens. It’s all about how you use your talent in spare time.
To help you take the first few steps, I would like to quote Sir Paulo Coelho here. He said:
“Do something instead of killing time, because time is killing you.”
There are various articles showing how to earn money over the internet. Get yourself familiarized to the IT world; it really changes the way how you work. If you are already familiar with the IT sector, why not use your skills to gain some gigs for work at home?
Using a pinch of creativity to manage friends
Have those caring neighbors that just won’t agree on not going out anymore? Are they insisting on paying the bill and making it all awkward for you? Can’t deny their requests anyhow? Why not welcome them to your house over dinner? Also, introduce the concept of one-dish parties and convince them it is going to be fun.
Find economic breakfast fast-food deals and ask them to hit the store early in the morning with you over the weekends. Don’t take the car; why not take the bike while the kids are asleep? I firmly believe that a man is known by the company he keeps. Throughout my life, I have strictly followed my own principles. And this is why, even though I have a small social circle, but it consists of the best people one can ever find.
Your friends will understand your new ways of “chilling out” soon. Don’t respond to harshness with anger. Instead, welcome criticism with a smile and say, “We have got all life to celebrate. Let’s try a different way to do so today.”
Although this is the biggest expense out of the lot, I knew we could do nothing much over here. Okay so your rent is the largest expense out of the list, right?
And it is a fixed expense that has to be dealt with each calendar month, no matter what. Apart from moving to a new smaller, more economic place, here is what I suggest you do:
Agreeing with the tenant/landlord to pay rent monthly
For families facing cash flow problems, it is important to understand that cash does not stay in hand for long. There are so many expenses that it becomes impossible to hold cash to compensate an expense which is due in a few months time. Don’t let the time come when the tenant/landlord is standing at your door waiting for you to come out.
Losing a place to live is the last thing that you would want to happen to you. Instead on agreeing to pay rent for a quarter/6 months/a year in advance, request that the rent be paid monthly. Chances are bright if you have warm relationships with the existing owner. If they don’t agree, then you might have to find a new place, and soon.
Agreeing a due date in the middle of the month
The next thing you need to consider is whether your salary is transferred to you before the first of every month or does it take the organization more than 10 days to get it done? Make sure you agree with the owner of the house to give you a window for paying each month’s rent till the 10th.
Sometimes, it’s a good idea to move into a new place on the 15th and requesting the owner to receive rent on the 15th. You don’t save a dime that way, but having cash in hand is far better than having pending expenses.
The last thing you want to do is get a loan to pay off the rent; who will pay the installments and the interest?
Plan each step that you are going to take from now. Don’t let cash flow problems get so worse in the short run that you have to borrow cash or apply for a loan. Take it slow and steady, even if it means cutting out some food items and sleeping hungry at night. After all, anything to see your family happy, right?
Psst, want a freelance copywriter from Pakistan? I can help!