Wondering how To Save Money As A Housewife? Here are eight easy ways!

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Written By Fintober Staff

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Along with the burden of household chores, the responsibility of managing and saving money only adds to your stress as a homemaker.   After a tiring day, if you are wondering about how to save money as a housewife, then you are at the right place. At Fintober, you will find answers to your question – how housewives can save money. 

10 Tips on how to save money as a housewife

Here are 10 effective money-saving tips for homemakers. 

1. Automate your and your spouse’s finances

Set up an automatic savings account that saves a portion of your income in a bank to earn good interest. Besides this, you can also choose to put monthly bills on auto-pay. This will help you avoid late payment charges if you miss the deadline while paying manually. 

2. Keep your shopping sprees to a minimum

One of the most straightforward money-saving tips for wives is to limit your trips to Target, Walmart, and other stores. Make a list of the things you need to buy from the stores and stick to the list as much as possible. Buying in bulk will also help you save some pennies. Evaluate every item on your shopping list to check if it adds value to your daily life.

3. Look out for shopping offers and deals

If you already scour your email for promotional offers on your day-to-day shopping, congratulations on being a thrifter! You can enhance this process by maintaining a separate email to keep track of shopping correspondence and promotional emails.

What else can you do? Reserve your bulk shopping itineraries for major sale days like Cyber Monday or Black Friday. You can also read this article on thrifting.

4. Use the three Rs to save money as a housewife

As a housewife, the three Rs–Reduce, Reuse and Recycle–can be great tools to help you clamp down on your expenditure. Reduce your consumption of anything that costs a lot of money, reuse your old stuff and recycle your waste.

There are a bunch of ways to do this. The next time you walk out of your room, switch off the lights and heaters. Turn off the taps when you are not using them. Buy rechargeable batteries and reuse your old clothes as waste cloths or cloth napkins.

5. Find the right balance between quality and cost

When trying to save money as a housewife, it is important to understand the relationship between cost and quality. Buying things extremely cheap need not be an affordable decision in the long run if you end up spending more money to fix them.

Buying a $99 oven may look like you saved a lot of money. However, if it breaks down frequently and needs a lot of servicing, then you’d rather want to buy a good quality oven than a cheaper one. 

Cheap prices might be tempting. However, it is important to keep the quality of the product in mind while purchasing.

6. Keep your paid subscriptions to a minimum to save money as a housewife

We get it; paid apps and services make your life easy! But are they costing you a lot of money in terms of missed saving opportunities?

One of the best ways to save money as a homemaker is to identify what paid services you can do without. For example, if you have subscribed to too many streaming services, it makes sense to keep the ones that you use the most and unsubscribe to the rest. Similarly, if you have subscribed to a fancy grocery delivery service, it can save you big bucks to switch to Costco or go to a dollar store.

You can also save money by downgrading plans when you don’t need them.  For instance, if you use only 400 GB of your monthly broadband plan of 1500 GB, you can save money by downgrading your plans to your average monthly usage. 

7. Have as many home-cooked meals as possible

Eating take-outs or exploring restaurants can be great sources of recreation for your family. But they can offset your monthly expenditure by a lot. Home-cooked meals, on the other hand, can help you dial back on your expenses.

Cooking regularly for a large family can seem like an additional burden to you, but there are several ways to make it an enjoyable experience. Encourage your spouse and kids to lend you a hand or make cooking a family activity. This reduces your burden, saves money, and gives you time to bond with your family!

8. Plan your transportation expenses in advance

Travelling to work/school can be a daily expenditure that can mount up your costs if you are not careful. It’s better to keep your travel expenses down by using public transport as much as possible. You can also save up on gasoline costs if you opt to walk or bike for short distances instead of taking your car.

You should also be mindful of your vehicle’s regular wear and tear to make it last longer and save on maintenance costs.

How to save money as a housewife? The bottom line

Saving money cannot be only your responsibility as a homemaker. Discussing financial goals and decisions with your family will help you understand each other’s perspectives, wants and needs. Once you consider everyone’s input, it’ll be easier for you to decide how to save money as a housewife.

You can summarize all eight points into the following three takeaways

  1. Track your expenses closely, and revise budgets and plans accordingly. 
  2. Try to stick to intentional buying over impulsive buying. 
  3. Build sustainable habits that’ll help you cut down on your bills.

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