Smart Mommy Budgeting: How to Save More From the Household Budget

The average American household has an annual pretax income of $74,664 and 40% of that is consumed by the household budget. So it follows you – being in charge of the household budget – will want to find budget-friendly solutions for your family. To that end, what are some sure-fire ways that help you get savings and get more out of the household budget?

Check Out Alternate Energy Suppliers

The monthly average cost of electricity comes up to 13.26 cents per kilowatt-hour, based on the data of the US Energy Information Administration. Depending on your location, that can be more so it’s smart to take a look at different options. Options like natural gas or other electricity providers are worth considering. If you’re in a state where energy supply has been deregulated, you will have more options with lower prices as there’s competition in the market, according to Quake Energy. So you can check if there’s a monthly or fixed-rate plan that opens up more savings from your usual utility bill range.

Embrace Seasonal Food

Roughly 12.8% of the average post-tax household income is dedicated to food, says Eric Reed of The Street. So it’s ultimately in your best interest to try and figure out how to make the most out of any and all food options available to you. A good way to get savings from food is to embrace seasonal offerings. Prices go up when offerings are out of season as they need to be shipped from their sources, according to the US Department of Agriculture. So if you shift your menu plans to accommodate seasonal food, you’ll be able to gain savings and expand your family’s flavor horizon.

Coupon Up!

Household expenses go beyond food and utilities. While readily available, people are generally hesitant to turn to coupons to help them in other household expenditures. Coupons can save you up to 80% of the amount you usually pay for a variety of things like clothes, services, and even luxury goods. Coupons aren’t just available in printed publications, you can peruse online stores to see if they have promo codes that act like coupons when you buy online.

As a mother, it is your responsibility to ensure that you and your family’s needs are met without breaking the bank. It’s a good thing that there are far more options now when it comes to saving money. All you have to do is try out different methods and stick to the ones that yield the most savings for you.

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