(Family Features)—These days, people are thinking more about how to make smarter decisions with their spending. In fact, simple spending cut-backs can mean a huge difference to your family's bank account. Get back to the basics of what you really need, and you'll eliminate unnecessary spending and stress, while keeping more cash in your pocket.
Here are some easy tips to start you down the road to smarter spending:
Create a family spending plan. Start a weekly budget meeting with your family to make everyone aware of spending habits. Be sure to keep track of all transactions made throughout the week and prioritize necessities over luxuries. With families increasingly concerned with how they are spending, according to a recent Cricket Wireless survey, nearly two-thirds of Americans surveyed report paying bills as their highest priority and are using tax refunds to cover basic necessities.
Compare the rates. When reviewing monthly bills, compare the amounts you're paying with others. According to Cricket's survey, wireless phone plans, cable and electricity are considered the top most overpaid bills by consumers. Look for online comparative tools that can help evaluate the advantages between service providers. Consider easy ways to scale back spending on these items, such as going with a more flexible no-contract, prepaid wireless service that can be half the cost than contract carriers, or eliminate the number of movie channels subscribed to through your cable to curb spending and instead go with a lower cost digital movie subscription service.
Carpool with a buddy. Ask co-workers if they would be interested in carpooling with you. This will save you and your co-worker gas money, while also being environmentally friendly. Can't find a co-worker who lives in your area? Many online websites exist to link those interested in sharing rides per region.
Cut those coupons. It may sound old fashioned, but you can score great deals on food and home goods when you dust off those scissors. Clip through your local Sunday newspaper, or search online. Many online sites offer extreme discounts on meals, gifts and services specific to your locale.
Eat economically. If you love eating out on a regular basis, plan to eat breakfast at home. Save your hard-earned cash for leisurely lunches and dinners where you can unwind with family and friends. This trick will lighten the load on your pocketbook, which is always easier to digest.