18 Simple Ways To Budget And Save As A Family

simple ways to budget and save as a family

Looking to cut corners and save money as a family? It’s really not as difficult as you may think. Yes, it may require some small sacrifices to become a more frugal family but the long-term rewards are totally worth it. Here are 18 Simple Ways to Budget and Save as a Family:

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Whether you are saving to book a family holiday, do some home renovations or maybe even to get on the property ladder it is important to know where you are spending, you cannot create a budget until it’s clear where your money is going. As you venture on your new budget friendly journey as a family make sure you set goals and monitor your progress regularly.

Saving money doesn’t have to be like the Extreme Couponing programmes that you see on the TV, it’s about small significant changes with big benefits for the whole family. So if you’re looking for some ways to budget and save as a family here are 18 tried and tested tips to help you along the way.


Our 52 Week Savings Challenge starts off small, builds up in the middle, then tapers off again. As you work your way through the weeks you’ll really start to feel good about the nest egg you’re building up.


18 Ways To Budget And Save As A Family

Household tips to save money - Mykidstime

#1. Be Savvy

If you need something in particular check sites such as Gumtree, Done Deal and Adverts, see if you can purchase the item second hand at a much lower cost.

You can even sell old toys to fund new ones for the kids. Car boot sales are also a great way of decluttering the house, making a few quid is the bonus at the end of the day.

#2. Collect Rewards

Sign up to every free customer rewards program you can. Collect points throughout the year and spend them over Christmas when money can be tight.

Tesco allows you to exchange any points into vouchers for days out with Clubcard Boost. You can get discounted days out to places like Dublin Zoo, Sea Life Bray and even Leisureplex.

You might also enjoy reading Ways to Save Money and Earn Money at Home

#3. Meal plan

Great Ways To Budget And Save As A Family meal plan

Meal planning is so important when it comes to cutting out food waste and buying only what you need. Sit down as a family and choose your meals together. By getting the kids involved there is a higher chance they will eat what you cook.

You might also enjoy reading 31 Quick and Easy Family Dinners

#4. Unsubscribe

Ditch beauty boxes, magazine subscriptions and online gaming sites that spark joy. Think ‘do I really need this?’

It is also worth checking your bank statements for sneaky subs or charges you may have forgotten about.

TIP: Sign up to free subscriptions such as the LEGO Life magazine. The kids will love when their free magazine arrives every couple of months and it’s packed with comics, quizzes and even competitions.

You might also enjoy reading 30 Easy (and Effective!) Household Tips to Save Money

#5. Put a Limit on Gifts

Put a spending limit in place at Christmas and opt for one gift per person over the holidays. This way more thoughtful presents can be gifted that will be more appreciated by family members.

You might also enjoy reading Tips for Budgeting for Christmas

#6. Introduce Fiver Birthday

Great Ways To Budget And Save As A Family fiver birthday

If you have multiple kids who get invited to parties every other weekend you may be onto a winner. Have a chat with other parents and get them involved. Instead of forking out on expensive gifts or things another child may not like pop a fiver into a card and your done.

If all parents did the same the birthday child can save up all the fivers and get one main toy or maybe they would like to save it for something even bigger. Either way it a win-win for all involved. It takes pressure off parents and prevents unwanted toys and in most cases, plastic being distributed from house to house.

You might also enjoy reading 15 Quirky Birthday Gift Ideas for Tweens That Aren’t Money

#7. Always Bring Lunch or Snacks

Whether it’s school, work or a day out of some kind, be prepared and bring a packed lunch or some nibbles to keep everyone going throughout the day.

For days out, bring a flask of tea, coffee or even soup and beakers of juice or water for the kids. You will be surprised how much you could save in a couple of months.

You might also enjoy reading 100 Healthy Lunch Box Ideas Your Kids Will Love

#8. Track Your Spending

If money seems to go out quicker than it comes in, investigate why. Track how you spend your money day by day and see what you can cut out.

Small spends add up quickly from treats, takeaways and even the odd bottle of wine – try to avoid small shops during the week by sticking to your meal plan and weekly food budget.

You might also enjoy reading Why Budgeting for the Family Will Save you Stress and Money

#9. Choose Frugal Fun

Days out don’t have to cost the earth. Be frugal and make a list of fun free things to do as a family. Make a bucket list of things you would like to do. Visit OPW managed sites on the first Wednesday of every month, check out pocket-friendly festivals, join the library, give geocaching a whirl and venture a bit further out and discover some new playgrounds, forest walks and beaches.

#10. Go Generic

Next time you are at the doctor’s ask your GP if there is a generic prescription drug for any medications you may need. Over time you could save hundreds by making the switch.

You might also enjoy reading Tips on Financial Planning for Stay at Home Parents

#11. Book Online

When you plan on spending your hard earned cash on days out always check online in advance. Some places offer discounted rates just for booking ahead of your visit, it’s always worth checking.

TIP: Most cinemas offer weekend kids clubs with a huge discount. However, they tend to book up pretty fast so always book a week in advance.

#12. Switch Suppliers

Each year switch your energy supplier, broadband, current account, insurance and even your TV package. It may seem like a lot of hassle, to begin with, but you could save hundreds each year by simply shopping around and switching providers.

TIP: Check out comparison site switcher.ie to see if you can reduce any bills.

#13. Cash in Old Phones

Great Ways To Budget And Save As A Family old phones

If you’ve got old phones lying about the place check out websites such as Envirofone and see if they are worth anything. It might not be a huge amount of cash but every little helps.

#14. Hold a Family Meeting

Gather all the kids together and talk about all things budgeting and saving. Get them involved in any way you can and see where they might help cut costs and save in ways you may not have thought about before. You may be surprised what they come up with.

#15. Walk to School

Great Ways To Budget And Save As A Family walk to schoolForget ‘WOW – Walk on Wednesdays’, get up a bit earlier and walk to school every day (with the exception of horrendous weather days of course).

Not only will you save on petrol/diesel and car wear and tear, but everyone will be fitter.

And those walks are a great time for kids to open up and talk to you about what is going on their world!

You might also enjoy reading 101 Easy Changes to Make to Help Prevent Childhood Obesity

#16. Avoid Phantom Energy Use

Unplug chargers, TVs and switch off unnecessary lights when not in use. Do a sweep through the house every few hours and make sure electricity is not being wasted. Not only will you save energy you will reap the rewards in your pocket.

#17. Set Up Savings Accounts

Whether it’s with the Credit Union, through An Post or with your local bank set up a savings account for every member of the family. If the kids get pocket money for chores or get money throughout the year encourage them to save a portion of it for a rainy day.

You might also enjoy reading How to Decide on Pocket Money For Your Child

#18. Shop Around For Your Mobile Phone Bill

Shop around and move to a cheaper mobile phone plan with your current provider or a different network. It’s worth checking with your current mobile provider if they have long term rewards or discounts too. You could easily cut your phone bill in half by shopping around.

Over to you, now that you’ve seen my list can you cut costs and make some savings? Or maybe you have something to add? Have you any tips to help save or budget as a family? We would love to know in the comments.

Simple Ways to Budget and Save as a Family

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