What do you do when there is a change in your family’s employment, and/or financial situation? The economy has impacted families in a number of ways. For every one it is different, but whether temporary or permanent, it is change that for however long, becomes your new normal. If you follow me on Twitter, you may have read that my family is adjusting to a new normal. While I won’t get into specific details or personal information, I do want to share some of the areas that we have had to make adjustments to as they relate to our budget, and daily lives.

Change in budget - Just a little bit of the back story – my husband’s position of 27 years has been phased out of his department. He now has a new job, with the same department, same benefits, but it’s in a new location that is further away. No decrease in pay, however a substantial increase in mileage, vehicle wear & tear, work clothing expenses, plus now an additional daily expense of up to $8.00 in tolls that we never had before, has all added up fast. Thus, our monthly budget is being drastically revised.

Change in income - Well, more like a change in salary structure that has changed our main monthly income from a set amount to a fluctuating one. For the last couple of months I have been figuring our average and trying to budget with that. The goal is to keep us living within that average monthly income, and stashing away anything extra. So much some extra money could go towards, but there are always added unforeseen expenses that pop up.

Change in daily routine -
The longer commute means a longer day, and the longer hours effect all of our daily routines. Earlier to bed, earlier to rise (for Mom & Dad anyway). He doesn’t go past the grocery store on the way home anymore, not as many family dinners, responsibilities have shifted somewhat. We appreciate the quality time we have when we are all at home together as a family though. Mom does more school and home related tasks, with more help from the kids.

Change in my online life - I have been involved in online business for over 6 years, and absolutely enjoy writing in my blogs, learning new things, and helping other online business owners as a Virtual Assistant. In order to bring in a little income, to help with our change in budget, I’m focusing more on attracting new clients, plus getting my new routines figured out.

I have done the wallowing pity-party thing in the past, but now I look at what we have to be thankful for. This is what it is going to be, our new normal. It is what it is, though, as my Mother-in-Law said to me the other day, “it will become what you make of it”. Things will eventually settle down, I’m sure, but until then, I plan to make the best out of it as I can! For now, flexibility is a must! ;)

MomsBudgetPlan.com

Holiday Budget Plan While gift cards are convenient for gift giving, many people feel they are impersonal. Gift cards can also help you shop on a budget, if shopping ahead of time. Purchase the gift cards in the amount you can afford each week or month. Tuck them away in an envelope in a safe place until you have the amount needed to purchase the gifts. You can keep an eye out for sales on certain items this way, as well. Check to see if the cards have expiration dates. Some expire after a certain time once activated and others have no expiration date at all. Some are even “rechargeable” and more money can be added as needed.

I am planning our holiday budget, particularly for Christmas shopping, and I’m buying gift cards now, to use later. Some will go towards personal use, others will become gifts themselves – my nieces especially are into receiving gift cards right now. Using gift cards to pay for purchases, this year as the sales and specials come up, the money will be mostly there to pay for Christmas.

Happy Holiday Budgeting!

MomsBudgetPlan.com

You have a family budget in place. Now the hard part begins—sticking to your family budget. With the demands of all the wants and needs of kids, it can be challenging to keep a close eye on your money matters. Here are some simple tips to save money and help you stick to your family budget:

1. Cut out cable – On average, the least expensive cable package can run anywhere from $35-$40 per month. Multiply that times twelve months and you end up with a whopping $420-$480 per year! Do away with this single bill and your family can save almost $500 every year. Now that’s an incentive!

2. Limit movie rentals – Many families choose to rent movies for a family night instead of going to the movies. While rentals are a huge money saver, it can still get expensive if you go overboard. Limit your rentals to once every couple of weeks, for example.

3. Return movies on time – Another cost that adds up quickly is overdue rental fees. For the cost of a few days past due on one movie, you could purchase that movie and watch it forever if you wanted to. Write yourself a note so you won’t forget to return your movie rentals on time. Even better, try using an online video rental service like Netflix. You’ll pay the same each month, pay no late fees, and get new movies every time you return one.

4. Plan meals before shopping – Once you have shopped your pantry, and what you have on hand, create a grocery list from your menu plan. Never go grocery shopping on an empty stomach either. This will help you avoid impulse shopping. You may think it’s silly, but you will be amazed at the results if you try it. A menu planning service, like Once A Week Cooking can help even further with both meal planning and preparation.

5. Buy off-brand products – Most off-brand products taste much the same as their counterparts. Be sure, if you do buy name-brand that you use coupons whenever you can. For the most part, if you are trying to stick to a budget, buying off-brand products can save you a lot of money. And don’t forget to clip and use coupons, too!

6. Bring your lunch to work – Once again, do the numbers. If you spend a minimum of $5.00 per day on lunch (that’s a cheap lunch!), at the end of the week, you’ve racked up $25.00. With gas prices on the rise every day, that extra $25.00 in the family budget could come in handy if you drive to work, too. Instead of eating out, fix your lunch to bring with you.

7. Drink water – Sodas are easy to grab and run with, but water is much healthier for you. Instead of spending money on canned soft drinks, buy a family-size pack of bottled water. Better yet, invest in a filtered water pitcher, and reusable water bottles. While it may cost you a bit more upfront, in the end you will save money and drink healthier.

When your budget is in place, it can sometimes be difficult to stick to it, but making small changes can help create a few pockets of savings along the way. These are just a few tricks you can use to help trim some expense off your family budget, and give you a little bit of financial breathing room.

My Tweets

  • @carriekirby I know me too! thought there would be a "part 2", but knew it early this afternoon. So much hanging for next season!
  • @carriekirby It's okey - I'll have all summer to come to grips with it. *sigh* Tho - I couldn't tell who'd return next season by the ending!
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