8 effective ways to save family budget

(Baonghean.vn) - When starting a family, finance is always the top factor. It is not a matter of how much money you earn each month, how much total income, but financial coordination to ensure family expenses.

With a few small habits below, you can completely build a large fortune from your modest salary.

Plan and fix weekly expenses

Having a specific plan for your weekly expenses also helps you save more easily. With this method, after a week you can check and balance your expenses to plan for the following week.

When planning your spending, you need to note that the more detailed and clear your plan is, the easier it is to implement. Once you have made a plan, you need to stick to it.

Save for the future

Unlike your youth, now you have your own family with a long list of expenses. Therefore, you need to have a sense of accumulating assets for the future. That is your support in the future if unfortunately there are unexpected things such as unfavorable work, illness, etc.

Very simple, every month, you just need to take out a small amount of money to save in a reputable bank. Even though the interest rate is low, the important thing is that it is stable, helping you save for the future.

Place a piggy bank in the kitchen

Don’t underestimate this old way of saving. Right from the beginning of the year, buy a piggy bank and encourage the whole family to save together to raise pigs. By having each member put in the change when they have it, at the end of the month it can help you pay for some expenses such as electricity, internet, laundry detergent, rice, etc.

Say no to cheap, discounted goods

Taking advantage of the psychology of people with economic difficulties, many cheap items have appeared on the market, from household appliances to entertainment, fashion to food, vegetables... However, these items are mostly of poor quality, so you will have to pay a higher price when buying branded, reputable products on the market. There are even items that you buy just because they are cheap but do not use them, so it is a waste. So absolutely say no to this type of item.

Avoid stockpiling

Housewives often have the habit of buying food in advance to store in the refrigerator, partly because they find it cheap, partly because it is convenient so they buy a lot. But this is the most unintelligent way of shopping. Most vegetables and fruits stored in the refrigerator are not good, losing all vitamins and nutrients, not to mention they will spoil if left for a long time. Therefore, to ensure health, nutrition and save money, you only buy what you need, except for some things that can be stored for a long time such as onions, garlic, spices...

Be careful with the decision to buy on installments

Everyone wants to have a comfortable and fulfilling life. However, you should consider and review your financial ability before deciding to buy something. If your "wallet" is still "thin", you should shop gradually, focusing on essential items first, not buying whatever you like.

Be careful with some forms of installment purchases because at first glance, you think each installment payment does not cost much, but it is these wrong perceptions that cause many people to "bend their backs" to pay off debt for many years.

Controlling telecommunication costs

This includes telephone, internet, cable TV, which are necessary expenses to maintain connection with the world in modern life, and also necessary investments for work... But most of us spend more on telecommunications than what we need and use.

Take a look at your telecom bills and reassess your actual needs. Do you need a fiber optic internet subscription just to surf the web? Do you need a cable TV package when you don’t even watch TV all week? Do you need to make that many phone calls when you have email and chat? Do you really need 3G to get online at high speed anytime, anywhere, or just to “check in” and show off pictures on Facebook?

Salary deduction into personal savings account

A fairly effective and safe way to save money is to deduct a portion of your monthly salary into a savings account, at least 10-20% of your monthly income. This will avoid the case where you forget or for some reason suddenly need to spend a lot of money, or maybe because you are lazy to go to the bank and spend all your monthly salary without knowing it.

This is the best, most effective, and least labor-intensive way to save money that you can do regardless of your income. Doing this regularly will help you create financial security in the future./.

Ngoc Anh

(Synthetic)