Everybody goes through spiels of financial hardship. Maybe it’s because we were spending too much on playthings and stuff we wanted, or perhaps it’s been a demotion or an industry switch. Whatever the case may be, it’s your job to maintain the family savings plan, and keep your head above water until you find the perfect raft to sail on through the calmer waters.
Cut The Junk
The biggest thing to do is look at your debit and credit card expenses. If you pay cash for stuff, stop doing that. Everywhere in the world manages debit and credit cards now, and it’s easier to see what you spent, penny for penny when you can look at your online rap sheet. If you went unhinged for a week and reviewing your spending on a Sunday morning, you’d cringe at yourself. It’s a habit we all get into because we all want a higher quality of life whether that’s more alcohol in the house each week, taking the family out to eat, or what have you. Keep the lights on, the roof above your head, and food in your stomachs. Cut out all the junk. Right now.
Managing Your Grocery Bill
If you’re not keen on maintaining a low grocery budget, you’re about to learn what a grocery haul is. Head over to YouTube, spend an hour or two looking up short grocery haul videos, and sit back in shock and awe. It’s like TLC’s Extreme Couponers, except it’s not garbage. It’s real mothers and fathers, sometimes with a boatload of kids, living on the fly without breaking the bank. It can be done, it just takes some practice. One good thing to remember is to never buy unnecessary foods; when it’s rough, buy what you know you’re going to eat for the week, and stick to it. No snacking, no second helpings at lunch.
Start Saving Again
When the job is great and the expenses seem low, we’re all loose on our savings plan. But that’s when we stumble, fall, and getting back up again can be difficult as all holy hell. If you look back at that list of debit and credit card spendings, I want you to count every individual purchase that made you cringe, or think, I really didn’t need that. That’s the money you could have been saving every single week. Even if that only amounts to $25.00 per week, guess what? That’s $1,300.00 per year. It’s an extra mortgage payment or two, it’s a new bike for the seven-year-old. It’s money you blew.
If you’ve felt a tiny bit of FR’s notorious positive vibe fleeting on this read, well, you’re not wrong. It’s a serious matter, and when it comes to your family, there’s nobody that cares more than the crew at Fourteen Robots—we’re all dads. We all have kids, and we know how tough it can be. Learn from some wisdom, from some falls, and dust yourself off. You’re not out of the race. Not by a longshot.