The Gerber Life Parenting Blog

Saving Money

Family finance tips

At Gerber Life we know the value of a hard-earned dollar. And when you're raising a family, it becomes even more important to stretch that dollar as far as it can go to help you save money. Our family finance tips can help you make smart decisions for spending your money as well as help you make use of opportunities to save it. Whether it's clipping coupons before grocery shopping or throwing a do-it-yourself (DIY) children's birthday party, our family finance tips can help you think outside the box so that you can save money.

  1. A Great Thanksgiving Doesn’t Have to Break Your Bank

    November 16, 2011

    Thanksgiving Spending TipsFor many families, Thanksgiving marks the beginning of the holiday season and the spending spree that comes along with it. It’s not uncommon for some moms, dads and kids to head out bright and early on “Black Friday” – the day after Thanksgiving – with the hope of finding the best deals on those wish-list items. 

    No matter if you’re a Black Friday early-riser or wake-up-at-noon super sleeper wouldn’t it be nice to have a fatter wallet (not just a fatter stomach) once Thanksgiving is over? You can, with the help of these money-saving tips:

    • Plan your menu early – Know what you’re going to serve for Thanksgiving about five weeks ahead of the big day. Many supermarkets have lower prices on traditional Thanksgiving items in the month leading up to the holiday, so check the store circulars for the lowest prices – and make sure to look for matching coupons. For a small weekly fee, websites such as www.thegrocerygame.com will help you find deals and let you know if there’s a coupon to lower the cost even further.
    • Don’t overbuy – The tendency for many Thanksgiving cooks is to prepare more food than needed. Often, however, the extra food (and the extra money spent) may be wasted. To make sure you don’t overspend and over-prepare, go online and search for terms such as, “How much food do I need for Thanksgiving” or “How much turkey do I need for 10 people.” You’ll find lots of sites that can help you to determine an appropriate amount of food.
    • Use leftovers – A meal with leftovers can be just as satisfying as the original feast. Be sure to save more than just the turkey. Cranberry sauce can be used again, vegetables can be used to create soups and dips, and mashed potatoes can be shaped into patties for frying.
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  2. Smart Steps for Saving on School Supplies

    September 19, 2011

    Saving for school suppliesIf you have a school-age child, you know that back-to-school supplies are a necessity. Thankfully, though, overspending isn’t. In fact, with a little bit of planning, parents can stretch their dollars without sacrificing quality or quantity.

    These five smart steps will help you get more bang from your back-to-school bucks.

    1. Don’t buy what you already own. A survey this past July by the company Deloitte, revealed that 26% of parents with school-age children are planning to reuse last year’s school items. That’s a really smart way to cut costs in a tough economy. So, before heading to the store, be sure to check your drawers and closets (and even under the back seat of the minivan) for back-to-school items that might be usable again this year—things like backpacks, lunch boxes, book covers, pencils, crayons, and glue sticks. Having just one of each of these items could decrease your spending by roughly $40 per child.
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  3. Debt Management Plans Help Control Monthly Payments

    July 11, 2011

    Debt management plans monthly paymentsMonthly payments become voracious monsters when your income becomes insufficient to make them on time. Living within your means can quickly become a challenge if your income decreases, you encounter emergency expenses, or rapidly increase your debt.

    You can, however, meet and conquer this challenge by designing a workable debt management plan. Tame the monthly payment monster by building everyday saving habits and analyzing your current debt structure.

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  4. Everyday Saving Tips Focus on the Simple Things

    June 27, 2011

    Everyday saving is more habit than science. Living on a budget becomes easier every day that you practice. Unless you are an unusually extravagant spender, there is no magic bullet to save large dollars on a daily basis. However, using simple everyday saving tips will add up to high savings over weeks and, then, months. Here are some simple suggestions to start building your frugal habit.

    • Closely track your spending—all of it. The most important habit you can acquire is to keep a small notebook of every penny you spend daily. You may be astonished how your small purchases add up to large dollars over time.
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  5. Living on a Budget—Happily

    June 15, 2011

    Many people live a tortured existence, fearing four simple words: “Living on a budget.” However, these people can learn to live within budgetary constraints and concentrate on saving money, while enjoying life and all it has to offer. Using a few easy, universal tips are all you need to conquer the fear and cheerily move on. Try these suggestions to make you and your budget smile.

    • Start a daily log. Although the magnitude of his genius is astounding, Albert Einstein was an early proponent of the “KIS” (keep it simple) doctrine. To create a budget you can live with blissfully, first start and maintain a simple daily log of your expenditures. All you need is a small notepad, like those used by your favorite TV detectives when interviewing witnesses. You will be amazed, sometimes pleased, sometimes unhappy, often surprised, and always empowered by what you learn. Keeping this log for just a few weeks will teach you how to control your spending.