Large families are great fun; they are challenging, temperamental, and above all else loving. As the head of a large family household, you’ll be in charge of keeping many different plates spinning at any given time, all of varying degrees of size and shape. One of the central pillars of a successful large family is the control and management of a strict budget. It allows you to plan ahead effectively, in a way that allows for a framework of living with flexibility in-built to ensure some fun can be had from time to time and it isn’t all just hard fought moments worrying about the finances.
One of the best ways to look at your family budget is to carefully plan out mealtime. Having a clear plan in place allows you to shop for groceries with a clear budget in mind. Always stick to the shopping list
Another way to stick to your budget is to create a shopping list and utilise an online experience. By shopping for food online, you can save time and money; time by having it delivered direct to your door instead of having to go out for an hour or more, and money as you are less likely to spot things off-list and just add them to your basket as happens to all of us when shopping in the supermarket!
Always take a step back and think about the situation when buying any product. If it is an item for you, do you really need it right now? It’s a different outlook when there is a large family involved than when it is just you and your partner, or single living. Every expense can be justified as for your needs. If something seems frivolous, or can be purchased elsewhere for less, don’t buy it.
Research and looking for the best deals, discounts and sales is a choice that all big families have to make. There is no shame in shopping in bulk for items where you can realistically do so without compromising quality, and the same for looking for discount items that can help you stretch your budget further. This approach can also utilise brand reward cards and loyalty schemes, saving up points to be used for holidays, experiences, or your Christmas shopping list (of both presents and food).
There are times when you might want to have a little bit of assistance to add little treats and experiences for the family that just aren’t available at that time. In these instances it could be beneficial to speak to a family member or close friend about loaning a small amount of money that can be paid back within a short space of time. Equally, there are responsible payday loan lenders around today that can offer short-term financial respite, with strong credit assessments, that can help large families with a strict budget to improve cashflow. As long as you have the means to pay back within an agreed timeframe (i.e. your next payday), a responsible lender could help.
Planning ahead with a large family in mind is challenging, but it is achievable with clever planning on all matters relating to the household.