Put The Needs Before The Wants
People often lack self-control and prefer to spend money today, instead of investing for the future (Such as saving for retirement.) But when the investment situation is linked to a future spending activity, this increases the chances the person will decide to save money to reach their long-term investment goal.
Have A Savings Account
Dads who are serious about saving should try separating their savings from everyday spending funds. Take 15 percent of what you make out of every check and put it into a separate bank account, (that is a little hard to access.) This will allow you to save money – every time you make money.
Pack Your Lunches Together
Buying lunch at work can become quite expensive over time. Instead, make it yourself with your kids, (yours and theirs) and help them learn to make their own lunches by themselves while teaching them the importance of small financial decisions over time.
Fish For The Sales Online
Save money on everyday items by shopping online, so you can use those savings for the unexpected costs life throws your way. Everyday discounts can easily be found on the internet nowadays. You can even find coupons for Hello Fresh – a company that delivers fresh ingredients (along with recipes) to your door.
Involve Kids In Family Financial Decisions
Being a great dad is about giving your kids love and support, not material things. When your child asks for something, use it as a teaching opportunity! If you involve the kids with the family’s financial decisions, kids will understand why they can’t have everything and value your efforts to provide for them.
Leftovers For Lunch
Move dinner leftovers directly from the dinner table into reusable lunch boxes for the next day. That way you can use the food you already have and save money by not going out and buying lunch. Consider freezing the food that you don’t want to eat immediately. Then just bring it out when you’re ready.
Do It Yourself Whenever Possible
To save the most money, only pay for services you can’t perform yourself. It can be tempting to offload everything to free up your time, but Dad’s – those costs will quickly add up. So learn some mechanical and handyman skills so you can work on your own car and do minor repairs around the house. Picking up some new skills will save money and make you the hero of your household. Then save all of the tasks that you really can’t do or don’t have time for, for the professionals. (As long as it fits into your budget.)
Having Fun For Free
Don’t give into the myth that you must spend money in order to have fun with your children. Sure, there are times where you will, but more often than not, it’s the precious time spent together that shows love, care and grows the relationship. So go for walks, bike rides, picnics or even have a game of football altogether!