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Home » 8 Things We Have Done as a Family to Save Money

8 Things We Have Done as a Family to Save Money

8 Things We Have Done as a Family to Save Money



Thank you CreditRepair.com for sponsoring this post. CreditRepair.com’s team understands that a credit score is not just a number; it’s a lifestyle.

When you have a family, saving money can be a challenge. As a mom to three boys, I know all about growing grocery bills, the need for new sports equipment and the high costs that come with traveling as a family. However, when you make plans and decide to manage your money together, you will be surprised by how much you can save. Having money tucked away for a rainy day is not only smart but it can also make you feel safe and proud! All you need is a plan.

I have found that talking to my kids about our family budget and the importance of saving has not only helped them understand our financial situation but it made them want to save too! Also, as someone who went through a divorce years ago, I know firsthand how hard it can be to get back on your feet and be financially independent. With so much going on in the world and the uncertainty of what may come next, taking charge of our money is something we should all do.

1. Set A Goal

Part of saving money is knowing what you are saving for. Are you saving for a vacation? Are you saving to buy a new car? Or are you just saving money to bulk up your bank account in case of emergency? Knowing why you are saving money can really help you put that cash aside. When the whole family is onboard with saving towards this goal, it can really help. When my kids know that a vacation is around the corner, they are much less likely to ask for money!

2. Know Your Finances

I cannot stress enough how important it is to have a budget. Even the simplest budget is worth making. When you know how much money is coming in and how much is going out in fixed expenses (mortgage, car loans, electric bill etc.) then, you will see how much extra money you can set aside.

3. Know Your Credit Score

Part of knowing your financial situation inside and outside is learning about your credit score. A healthy credit score can help you get approved for a loan, buy a new car, take out a credit card and so many other things. It’s quite easy to start managing your credit especially when you use tools like CreditRepair.com. You can use the website’s technology to manage your credit report on their personal dashboard. You can see the credit tracker and credit analyzer, look at any credit bureau interactions and even get text and email alerts if anything changes on your credit report. Your credit score is not a set number and there are many ways you can work toward a better score.

4. Cut Back Where You Can

Saving money means spending less. You don’t need to immediately stop spending but you should try to cut back. To help save money toward our next vacation, we have stopped going out to eat as frequently and started cooking from home almost every night. This simple act of staying home has saved us a ton. See where you and your family can cut back to help you save.

5. Focus On What’s Important

Decide as a family what is important to you and what you really need to spend money on. Do you feel strongly about buying all organic foods which may cost a little more? Or maybe you feel that traveling is an essential expense. You don’t need to give up the things you love just to save money. Put your family “essentials” into your budget so that you can save money while still having the things you need.

6. Pay Off Your Debt

One thing that can affect your credit and your financial health is debt. I used to have four different credit cards, all of which I used frequently. Then I realized it wasn’t going to help me financially in the long run. So, I took steps toward paying off my credit cards and lowering my debt. It took some time but once that debt was reduced and two of the four credit cards were closed, I felt so much better! Debt can be such a burden. Every little bit of extra money should go toward paying your debt first.

Credit card debt has a huge impact on your credit score as well. Another reason why CreditRepair.com is great is because they give you a free consultation to kick start your credit repair efforts. Your credit and your debt won’t fix themselves but your credit score is not written in stone- there are ways to fix it and get out of debt. Don’t be afraid to ask for help!

7. Do A Purge

After being home for so many months during the pandemic, you have likely found some things in your house that you do not need. Get rid of them! Have a yard sale and purge all the things you do not use that are taking up space in your house. Put the money you make from selling your old things into your family savings account. This is also a great activity for the whole family to do together- the family that cleans together, stays together!

8. Focus On Health

Rather than thinking about physical objects that you need to purchase or things you need to spend money on, focus on your overall health. Help your physical health by going for a run or a walk together with your family. Read a book or do some daily affirmations to help your mental health. Become one of the 500,000 people who use CreditRepair.com. You need to know what bad credit is costing you so you can take steps to repair your report, then live your life. A healthy life has many sides to it!

My family and I have taken many practical steps toward saving money and I could not be happier. As a middle-class family, we don’t have tons of extra money pouring in so saving any penny we can is essential. I am so happy that we have taken charge of our finances, made a family budget, eliminated debt and worked to monitor our credit with CreditRepair.com. I urge you to do the same for the health and well-being of your family and your family’s financial future!

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Jocelyn Brown
Jocelyn Brown

A former school teacher, Jocelyn Brown created Hip Mama’s Place in 2007. Her motto for this blog is: get inspired, create and share! Jocelyn loves sharing about food and recipes, crafts, DIY projects and her random travels with her family. She also loves all things social media, but her latest obsession is Instagram.

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42 Comments

  1. November 2, 2020 / 11:41 pm

    I am really bad at this as a single person but I am impressed with how you do it for a family! I have two dogs and so far, they are the ones I need to support but the pandemic has taught me how to re-evaluate savings. It’s always good to have something for rainy days! Thanks for publishing helpful posts like this, Jocelyn! It’s fun to follow your daily adventure.

  2. Blair villanueva
    October 31, 2020 / 12:12 pm

    These are very helpful tips. Setting up goals are also important, and maintaining a good credit score.
    This is very timely post as we hit the recession.

  3. October 31, 2020 / 6:11 am

    these are really great tips , i am also working on saving money here , so i found these very helpful

  4. October 30, 2020 / 2:57 pm

    These are such great tips on how to save money as a family. My goal for 2021 is to increase my credit score!

  5. October 30, 2020 / 1:33 pm

    When we are married is important is to know how to save money to save the family. This is to prepare for the things we do not want to happen and we’re ready financially. All the points you convey in this article is true. Like set a goal, cut back where you can, this is what I often do to reduce unnecessary expenses.

  6. October 30, 2020 / 11:57 am

    Setting goals and being realistic about your finances are two HUGE keys to saving money. You guys have a great plan in place!

  7. Ben
    October 30, 2020 / 11:51 am

    These are all excellent ideas. The pandemic has not been kind to any of our finances this year. Anything we can do to help keep them running more efficiently is always welcome.

  8. October 30, 2020 / 10:46 am

    You have raised some great ideas here. Thank you for sharing your personal insights. Personal finances can make or break a person so managing your money wisely is very important life skill.

  9. October 30, 2020 / 4:47 am

    All of these are really great ways to be better with finances. I agree that knowing your finances is super important in not overspending.

  10. rika
    August 28, 2020 / 5:41 pm

    I really love these tips! I think I need to spend less on unnecessary things!

  11. Monidipa
    August 27, 2020 / 1:03 pm

    These aare actually very good options I’ll tell you to save money not only during lockdown but also in normal time. I hardly have any expense but still I had reduced the amount of shopping I used to do. It helped!

  12. August 27, 2020 / 4:02 am

    I think you should focus on what is important and what is essential. Avoid excessive splurge or shopping and prioritize the bills / debts. 🙂

  13. Ruth I
    August 26, 2020 / 2:44 pm

    Thank you for all these helpful ideas! It’s important to have a goal and reason to motivate us to save.

  14. Emily
    August 26, 2020 / 7:14 am

    This is a really inspirational and helpful post, especially at this time. It’s never been more important to try and save every penny!

  15. August 26, 2020 / 4:09 am

    Getting out of debt has been key for us, and also cutting back on a lot of the little things, in order to be able to afford the big things.

  16. August 26, 2020 / 1:17 am

    These were all great ideas that helped me to get out of debt! It’s really important to be mindful of everywhere our money goes!

  17. August 25, 2020 / 9:07 pm

    These are such wonderful tips! When saving up, it is essential to understand how finances flow and what areas can be dialed down. or those that can be discontinued. Focus is key.

  18. MrsX
    August 25, 2020 / 8:55 pm

    All very sound advice. This year particularly has been tough and we either adjust our spending ways or sink. Thanks for the great advice.

  19. August 25, 2020 / 6:33 pm

    We are planning to start house-hunting this fall, so we definitely need to set a goal for saving. Great tips, thank you!

  20. August 25, 2020 / 4:31 pm

    I applaud your family. Having a budget and understanding your financial situation allows you to plan better for the future. We rarely eat out but that is mainly because I believe in eating healthy. And you are so right, focusing on your health is part of being happier and living a richer life!!!

  21. August 25, 2020 / 4:17 pm

    good tips. i especially applaud your family for paying off debt. it’s funny you mention health as a way to save money but it’s by getting sick that has given me numerous expenses 😉 thankfully i’m not in debt even still. mainly due to budgeting.

  22. August 25, 2020 / 3:23 pm

    These are all such great ideas to save money! It’s super important to be upfront about your finances in order to make the most of your savings.

  23. Joline
    August 25, 2020 / 1:37 pm

    Having a financial goal definitely helps. It gives us something to work toward.

  24. August 25, 2020 / 1:17 pm

    I agree, we should focus on what’s important and that’s what we’ve been doing. Great tips!

  25. August 25, 2020 / 11:15 am

    These are really awesome tips! So helpful! Thank you for sharing!

  26. August 25, 2020 / 10:39 am

    These are great tips! It’s always good to save money where you can, especially in uncertain times. Thanks for all the ideas.

  27. August 25, 2020 / 10:31 am

    We’re in the process of buying a house. It’s so important to know exactly what your credit score is and how you can improve it. It’s also important to be in control of your finances!

  28. Catalina
    August 25, 2020 / 9:45 am

    Love these tips! They are definitely very helpful . We need to take care of our finances more than ever!

  29. August 25, 2020 / 8:15 am

    This are true facts. Looking at this list, I have done all of these at some point in my life and I am still applying these tips continuously. I know when to cut back and focus on what is important

  30. August 25, 2020 / 4:45 am

    these are trully fantastic tips ! in my home we are doing the same thing

  31. August 25, 2020 / 2:51 am

    Focusing on your health is important. It’s key to getting through the tough situations.

  32. Kathy
    August 25, 2020 / 1:06 am

    I’ve always been one to save money ever since I was little. This is something I have done for so long. I think it’s great to be able to save when you can. I honestly hate spending if I don’t need to.

  33. August 25, 2020 / 1:00 am

    Some really great tips here to help families get ahead. It is so important to have a plan you can commit to, so you know what you are saving for. Once you are focused on the plan, it becomes a matter of determination and discipline to make sure you get there. Anything is possible if you set your mind to it and are serious about really making it happen.

  34. heather
    August 25, 2020 / 12:28 am

    These are great tips to save. We have tried to cut back on eating out and not going on vacation this year has helped.

  35. August 24, 2020 / 11:57 pm

    I love new ways to save money. I will have to try some of these tips,

  36. Orlie
    August 24, 2020 / 11:51 pm

    Saving money gets some people on edge, but it’s extremely important. Since my husband and I got married, we try not to eat our often.

  37. Diana Natal
    August 24, 2020 / 11:23 pm

    These are great tips! I love the idea of focusing on health over purchasing items!

  38. August 24, 2020 / 10:35 pm

    Those are all great tips for saving money. I am glad they were successful for you. I love the idea of having a yard or garage sale and purging things you don’t need or want anymore.

  39. Tasheena
    August 24, 2020 / 10:11 pm

    That sounds like an amazing service. I have to look into giving it a try.

  40. August 24, 2020 / 10:09 pm

    Great ideas. We do a lot of these as well. We try to always cut back when we can.

  41. August 24, 2020 / 10:08 pm

    Bad credit will have you paying so much more for things than you need to. It’s so important to take care of it or get it back into shape if it’s lacking.

  42. Pam Wattenbarger
    August 24, 2020 / 9:58 pm

    We quit eating out as often since the pandemic started. Now we do takeout once a week and it really has saved money.

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