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Practical Budgeting Tips for Big Families 

Having a big family can be one of the best things in the world – the more kids the merrier! However, having more kids means having more responsibilities, and they can be expensive. That’s why big families often have to plan everything ahead and take every single thing they buy into consideration. Luckily, there are ways to spend less money, so if you too want to become more frugal, here are a few practical tips that might go a really long way.

Traveling

All families love traveling and the same goes for big families with lots of kids. Most parents aren’t fans of family vacations because they’re so expensive, but that’s not always the case. If you plan things ahead and pay attention to your finances, you don’t have to spend too much.

Opting for a road trip is a great way to travel frugally – you just have to plan your amazing road trip adventure in advance and you’ll have a great time with your family without breaking the bank. Alternatively, you can save money by opting for low-cost flights, finding affordable hotels, and cooking your own food instead of going to restaurants.

Buying clothes

Even though most people think big families spend tons of money on clothes, the truth is actually quite the opposite. You don’t have to purchase new clothes for your kids all the time if you teach them the value of keeping their clothes clean and sharing it with their siblings. 

Wearing older kids’ hand-me-downs is always a great idea if you want to save some money on clothes, so be sure to show your loved ones why this is such a great idea. Of course, this doesn’t mean you shouldn’t buy them new pieces every once in a while, but not all the time. Also, when you do so, make sure you buy high-quality clothes that will last them for a while and still fit their younger siblings. Thrift stores are great places to stretch your clothing budget especially if you go on sale days. Sometimes you can get a whole bag of clothes for $5 – $10.

Rethinking finances

Spending tons of money is a must when you have a big family, but do you really have to spend all that money? Well, to be honest, you really don’t. If you invest some time and energy into checking your finances and finding the perfect financial plan for your family, you’ll be able to save more than you could’ve imagined.

Though this sounds like a lot of work, it actually isn’t. Start by finding an amazing no annual fee credit cards that can help you waive your fees year after year. Also, look for cards that give you money back so all your purchases are now helping you pick up a few extra items for free. Find a way to put some money aside – a few bucks here and there might not mean a lot at the moment, but you could end up saving quite a lot after a few months.

Grocery shopping

This is one of the biggest expenses for every big family. It goes without saying that your kids have to eat every single day, and more kids mean more food for the family. This also means you’ll have to spend quite a lot of money for each member of your family every single week! A garden will help here by providing lots of fresh fruit and veggies.

If you get prepared and look into this issue in advance, you’ll be able to come up with a weekly budget for your groceries and could actually be able to save a few bucks here and there. Being analytical and well-prepared can go a long way when it comes to purchasing groceries for a big family, so start doing that ASAP.

Having a big family doesn’t mean you have to spend tons of money. It’s all about finding ways to save some money every single day, and your kids will still have a wonderful life – and that’s all that matters!

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