100+ Effective ways for Family members to save Money

There are a lot of ways to save money for the whole family, and most of them are practical and easy to follow. However, it is within ourselves who will make decisions if we will follow them or not. Below is a good list according to applicable categories such as Food, Education, Shopping and others, which I have compiled for easier reading. Most of them are now being practiced by my family.

Just remember that these were created to save money, and not to sacrifice the necessities of the family.


1 Make a strict budget and stick with it. Discipline your self.
2 Save time in everything you do. The time you save can be spent to earn more money.
3 Plan your family according to your income and status.
4 Manage your debt. Do not add loan in payment of another loan.
5 Learn the do-it-yourself activities like washing your car, cutting your hair, and minor troubleshooting of appliances.
6 Do not be excited with insurance programs. Have enough time to choose them before joining.
7 Do not join the lottery. Do not take chances on luck and work harder instead.
8 Save at least 10% of your earning no matter what happens. Cut it off it automatically every payday and consider it as part of your tax.
9 Coins are heavy on the pocket, so keep them at home and let them grow.
10 Make a list of your daily expenses, make a graph and analyze it during weekends. You will know which one you should cut off.
11 Learn the art of banking, and how to choose the best bank for you.
12 Watch out for identity thieves. Protect your ATM cards, and memorize your PIN instead of writing it.
13 To avoid transaction fees, do not withdraw money using ATM card to machines that do not belong to your network group
14 Train your children to save energy which can be converted to money.
15 Teach your children all that you have learned. The earlier you do it, the better.
16 Live a simple life. Do not spend more than what you earn.
17 Identify your NEEDS and separate your WANTS. They are the two different things at home.

To read the whole post, visit it HERE.


  David B Katague

September 9, 2008 at 1:43 AM

Excellent tips on saving money in todays economic situation. One item attracted my attention-Lotteries. My wife and I do not buy lottery tickets, but we go to the local Casino, once a month as part of our entertainment expense. We make sure we do not spend in excess of our monthly budget for entertainment expense..Cheers!

  Karen & Gerard Zemek

September 14, 2008 at 6:05 AM

This is a great post with lots of good suggestions. In fact, I gave you some link love on my blog because I referred to the one about unplugging appliances: (http://whatparentsshouldrealize.blogspot.com)