Benson Tait
Sep 25, 2023. 3 mins read
Family Finance
Empower Your Family Through the Art of Frugal Living
Let's face it, there’s no denying that times are tough. Within the last year, Australia's cost of living has risen between 6.3% and 9.6%, affecting every aspect of daily life, from food to electricity, housing, insurance, and everything in between. With expenses skyrocketing, frugal living is more relevant than ever, but for many, learning how to not only survive but thrive on a budget can be challenging. Fortunately, you're not just any mum, you're a smart mum, and you know that with a few adjustments to your daily routine, you can save money while still ensuring your family has everything they need to live happy and fulfilled lives. Let's take a look at ten easy yet impactful frugal living tips you can incorporate that will help you stretch your paycheck, reduce stress, and discover the joy of living a more sustainable lifestyle.
1. Family Financial Empowerment
Did you know that frugal living is one of the best ways to financially empower your family and teach your kids healthy money management skills? Simple practices like saving half of their birthday money, shopping second-hand, and finding low-cost or free activities show your children that they control their finances, not the other way around. Frugality doesn't have to be boring or restrictive; in fact, it allows you to use your creativity in new and exciting ways. Don't be afraid to find inspiration from gurus like The Barefoot Investor and She's on the Money for tips on implementing frugal practices for your family.
2. Savings Through Smart Meal Planning
One of the most surprising struggles I've experienced as a parent was realising that my kids want to eat every day, and I'm the one responsible for making sure that happens (who knew!) Dinner time used to be overwhelming, but life has gotten much easier thanks to meal planning! Not only does planning our menu for the week save time, but it reduces my food bill significantly. A few tips I swear by include:
Schedule a meal prep day at the start of the week
Vary your meals and cycle the menu
Organise your pantry so you don't buy multiple items
Use items from your pantry first
Shopping for half price items at Coles and Woolies each week, and shopping at Aldi and Costco will save you a significant amount of money while allowing you to purchase high-quality food your family will love. My general rule of thumb is buy in bulk as much as I can so long as it fits in the cupboards!
3. Crafting Budget-Friendly Shopping Strategies
Strategic shopping is one of the best ways to save money, and let's face it, there's no greater thrill than finding a great deal! Finding deals on kids toys is a must since these items have such a fast turnaround time. Some of the best budget-friendly shopping tips include:
Buying second-hand toys
Join ‘buy nothing’ online local groups
Shopping a thrift stores
Joining a toy marketplace for toy swapping and toy donations like Sassybae
The environmental impact of toys is greater than ever which is why toy trading on mobile apps like Sassybae doesn't just save money, but teaches our little ones about sustainable living.
4. Unveiling the World of Second-Hand Value Clothes
Second-hand shopping has many benefits, including saving money and promoting green living, but it can feel overwhelming when you're just starting out. Using an avenue like second-hand consignment for adult or kids clothes is great since the quality of the items tends to be higher, but you can still find great deals at thrift and op-shops. A few tips for finding quality items include:
Make a list of what you're looking for to avoid overbuying
Shop at reputable stores and through trusted online communities
Plan ahead and be patient. Prepare to look and shop a season ahead of time
5. Resourceful Living: Energy, Resources, and Costs
A frugal living mindset extends beyond what you put in the trolley; it impacts every area of your life. Frugality means conserving all resources and finding low-cost alternatives for everyday expenses. Taking steps like turning off lights when you leave a room, creating a cleaning routine, growing your own vegetables, and finding free or low-cost family-friendly activities have a major impact on lowering your household budget and living a more eco-friendly lifestyle.
6. Minimalism as a Family Philosophy
Minimalism isn’t about having nothing and giving away everything, instead it encourages you to be less attached to objects and to simplify your physical and mental space. When your house is full of "things", it’s mentally overwhelming, more to organise and clean and you often waste money unknowingly repurchasing the same items. You can start living more minimalistically by seasonally clearing out your kid's toys and clothes, organising your pantry so you can clearly see your food stock, and embracing the beauty of living more simplistically. It may feel strange at first, but soon the entire family will enjoy new found freedoms and clarity.
Benson Tait
Design . Digital . Fathering . Husbanding . Surviving . Founder
A man who loves design, technology, food and his family of two young girls and a smart gorgeous wife, who is on a mission to make parenting easier and help kids flourish for a happier home.
Related articles
Family Finance
Cheap Family Holidays: 11 Brilliant Planning Ideas
Family holidays are ideal for creating ever-lasting memories and spending quality time with your kids. Taking time away from the stress of home life can be rewarding for everyone and expose your kids to new experiences. However, finding a cheap family holiday with increasing travel and accommodation prices can be challenging, with Aussies spending 40% more on domestic travel in 2023 than in 2019. Whether planning a staycation or jetting off to an international destination, the cost of flights, accommodation, car rental, excursions, insurance and meals during your trip make even a short getaway pricey very quickly.
Benson Tait
Feb 17, 2024. 3 mins read
Family Finance
Reduce Your Spend on Kids Clothes in 2024 with these 7 Fool-Proof Tips
How – and why – did we ever get into the habit of buying all new stuff for back to school? I remember when I was a kid, I would've been incensed, INCENSED I-tell-ya if my mum had denied me the all-new wardrobe, gear, and shoes. And my mum, the lovely sucker of a human she is, always obliged. Bless her heart.
Paula Scott
Jan 20, 2024. 7 mins read
Family Finance
9 Simple Ways to Save on Back To School Costs
Parents, hold onto your hats: school bells are ringing, and your wallet is about to hit some serious notes. Cost comparison site Finder uncovered that, on average, parents will spend $2547 for all primary school costs in 2024, such as tuition, camps, excursions, sporting equipment, and transport costs. Schooling expenses are soaring, with uniform average costs increasing by 36% since 2020. Along with increased rents, mortgages and the general cost of living, families in Australia are seriously struggling to keep up.
Benson Tait
Jan 13, 2024. 5 mins read