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Money Saving Tips for Frugal Families

Wednesdays | 3 p.m. ET

Featuring: @AmericaSaves

Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we talked about ways families can save money.“

Check Out All the Tweets and Resources:

ex.pn/frugal-fam

More than a quarter of Americanshave no emergency savings.

Source: @BankRate

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Wednesdays | 3 p.m. ET#CreditChat

Why is it difficult for families to save money?

Priorities. We always have something more important NOW than saving for later. Need to make saving FEEL urgent.

Tweet by @AverageJoeMoney

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It’s hard to save money if you don’t have a budget or a clear understanding of where your money goes each month. Budget, budget.

Tweet by @AdvantageCCS

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Wednesdays | 3 p.m. ET#CreditChat

What are steps for a family tostart a realistic budget?

Know your family’s financial picture. Set goals and make a plan!

Tweet by @AmericaSaves

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Banish the budget! (But make a spending plan.) Tweet by @KatieBissell

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The No. 1 rule of setting budgets is not to cut all the

fun out of your life.

Source: @BankRate

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Wednesdays | 3 p.m. ET#CreditChat

How can families save more money on meals?

Cut back on going out for family dinners. Swap it out with with a fun alternative like making your own pizzas.

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Tweet by @LeslieHTayneEsq

Save money on meals by creating a meal plan and only buy groceries to make the food on the menu.

Tweet by @MsMadamMoney

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Wednesdays | 3 p.m. ET#CreditChat

How can families save on clothes?

I love doing clothing swaps with my girlfriends. It’s a fun, frugal hangout and we get “new” clothes!

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Tweet by @Annj_Chen

Nothing beats hand-me-downs. We have a newborn, and old clothes from friends and family are awesome!!

Tweet by @WealthwithMina

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How can families cut down on utilities?

Using a programmable thermostat can save an average $180 on your energy bill.

Tweet by @NerdWallet

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Save money on utilities by limiting usage and and cutting off what you don’t use.

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Tweet by @MsMadamMoney

Wednesdays | 3 p.m. ET#CreditChat

What are some free or low-cost waysto entertain the family?

have hours of fun and free entertainment with your family!Game night! Grab some board games, pop some popcorn and

Tweet by @AdvantageCCS

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What are ways families cansave on transportation and insurance?

help you avoid costly fixes down the road. Tweet by @AmericaSaves

Be kind to your car. Keeping it tuned and driving safely can

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Many insurers offer a good student discount. You can also group your policies together for more savings.

Tweet by @LeslieHTayneEsq

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Wednesdays | 3 p.m. ET#CreditChat

How can families save moneywhen buying gifts for others?

Edible treats can be very inexpensive and fun to make as gifts, and you can make many at a time!

Tweet by @Emergebenefit

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Tweet by @AverageJoeMoney

Remember, the gift of YOU is what people often want. Time is a commodity that is irreplaceable.

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Any final tips on how families can savemore money?

Always remember… if you can’t afford to save, then you can’t afford to borrow. Tweet by @MsMadamMoney

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Saving money isn’t just for parents. Make it a “family thing”

and teach kids good habits from a young age!

Tweet by @Emergebenefit

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Keeping your money on your mind will also help keep it in your bank account.

Tweet by @LeslieHTayneEsq

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#CreditChatWednesdays | 3 p.m. ET

Check out all the resources and tips shared:

ex.pn/frugal-fam

#CreditChatWednesdays | 3 p.m. ET

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