When I started my job in January, having a second full-time income coming into the house was great as I was able to take some of the financial pressure of of Husband and contribute more towards our family finances. Unfortunately, having a full-time position simply didn’t work for our family, so after much deliberation I decided to become a stay-at-home Mum again. Rather than feeling like I’d gone back to square one and hurtling headlong into searching for a different job with part-time hours, I realised that I could make a contribution in other ways.
One of those ways was to look at our family expenses and make steps towards streamlining in areas where we don’t need to spend.Husband and I both have Current Accounts with different banks, both of which we pay fees for, so I searched online for a way to compare bank accounts easily. Halifax are offering some great deals, including cash incentives for switching over to one of their products and having a suitable account could be an important first step to getting your finances in order.
Our family food shop was another thing that needed cracking down on, as we tend to do a big shop and then still end up visiting our local supermarket (which just happens to be the most expensive supermarket around!) to supplement our regular shop, which just ends up costing so much more than we really need to spend. There are some fabulous blogs around which offer inspiration on meal-planning, something that we’ve found to be a real help in cutting our costs as we go shopping with a definite idea of what we need to buy, rather than aimlessly tossing things into the trolley and being tempted by cut-price deals which seem great but just needlessly bump your costs up.
Another way I cut our costs was to shop around for my car insurance renewal. I managed to get it down from £60 a month to just over £35, which is a big saving, coming in at around £300 a year less. It always pays to shop around for everything, in fact, and Husband and I rarely make a purchase without checking first to see if we can get in cheaper elsewhere or find a discount coupon.
So, while I may not be bringing in as much money now, there are still plenty of ways in which I can contribute towards the family finances and switching to a bank account that fits your needs could help you too.
Post Written in Partnership