Family Living 4 Less

Saving Money Without the Sacrifice!

My Philosophy on Saving Money

Posted by flsquared on February 23, 2009

Rule #1:  Prioritize.  Know what is important to you and your family.
My husband is Spanish.  When you visit Spain and talk to the “natives”, you will be asked two questions: Do you like Spain?  and Do you like Spanish food?

Our priority, when we were first married, was to always eat well.  Now, this doesn’t mean champagne and caviar every night, but when we ate, we would eat a good, healthy, variety of food.  Food is a priority for us.

When we had our boys, safety and medical care became our priorities as well.  I never scrimp when it comes to buying a carseat or will ever again look for an apartment in a sketchy area.  And, as they get older, education will be another priority.

Rule #2:  Use common sense.  
I watched the news the other night and there was a special segment dedicated to saving money during this tough economy.  Tips included:  

  • if you use coupons, try to go to stores that double or triple them.
  • combine errands and carpool to save gas.
  • check books out of the library.
really?  this is news?

Rule #3:  Live simply.  Don’t spend money if you don’t need to!
This should probably fit under #2, but it is important.  Your family needs your time and attention, not stuff.  Try to enjoy each other.  

This will also lead to needing a smaller living space (which, in turn, will lower heating and cooling bills, etc)…

Rule #4:  Spend well.  Know when to invest in quality and know when to purchase “throw-aways”.
There are times when you need to spend.  After all, who needs to cut themselves on cheap knives or waste money on a classic cardigan that pills the first time you throw it in the wash?

On the other hand, there are times when it’s easier to throw away a juice box than to lug around an empty sippy all afternoon, hoping it doesn’t stain everything in your diaper bag.

I can’t say that I’m perfect, but I try to keep these rules in mind to help our family spend our money as wisely as we can.

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