The festive season is one where expenses increase tenfold as people seek to enjoy the end and beginning of the year. There are ways to finance this with a guaranteed logbook loan, for instance, being used to finance the season’s needs. www.businesstoday.co.ke
There is a lot of unnecessary spending in families which inflates bills every month. Cutting down on this spending can bring savings that go a long way. [Photo/ Njenga Hakeenah]

Finances, just like life, need good taking care of if they are to last and give you a quality lifestyle.

This means that one has to be prudent when it comes to managing both failure to which there won’t be one without the other.

When it comes to money, being a spendthrift shows that one is not a good financial manager which will end up in pain due to debt and needs that cannot be met.

Some Ways to Save Money for Kenyan Families

For those with children, it calls for an even stricter financial discipline to stretch the available resources and make them last longer.

In Kenya, there are many frills in life that make it almost impossible when the bills come. But there are a few ways that you can afford peace of mind by knowing and ensuring that your finances are in order.

If you are at a point in life where you are seeking to reduce the bills you pay, one of the sure ways is to ensure that you cut out the unnecessary spending which inflates your bills.

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One of these is cutting back on TV spending.

Despite the reality that many of us spend many hours away from home every week than we do indoors, then a question like why we pay for TV should be asked.

Why should you be receiving regular bills every month for a product or service that you rarely use? This then advocates avoiding Pay TV to cut down on the unnecessary spending.

While watching TV is welcome at times, it is better to reinvest the money you spend on cable TV elsewhere rather than just spending it in a way that could be avoided.

Just like with cable TV, the internet has become part and parcel of life today and not many people can do without it. If your household is dependent on the internet for productivity, then it is a welcome expenditure. However, at times it becomes impossible to have the internet at home since the connection is through mobile phone which comes with expensive internet.

To avoid extra costs, it is advisable to have one installation that will cut down the cost of bundles for everyone. This means that anyone in your house who is using the service can chip in a little and have a reliable connection through the month.

On the flip side, if the internet is just running with no one at home, usually, the best is to seek the most financially sound option to enable you to have the connectivity you need. Having the internet is one thing and paying for the service is another. Weigh the pros and cons and decide on having the internet connection depending on which wins.

In-season foods are an amazing way to cut down on costs in the house.

Can you imagine having to buy food that goes to waste because it is in season? This should never be the case.

For families, the best option is to find ways of storing the fruits and vegetables in season so that when they run out, they will have a supply.

Good quality fruits like mangoes are available in certain seasons and after their season is over, most become unpalatable. Also, they are more affordable at this time than any other so the best is to stock the ones you need.

To ensure that you can have them any time regardless of whether they are in season or not, freezing them for later will have you enjoying the fruits even when they are out of season. There are several ways of preserving fruits and vegetables which include drying and they can stay for months without going bad.

Is there a sale somewhere? Well, when it comes to bargain hunting, those who are always on the lookout for such will always have stuff that others bought at a premium.

While they discounted stuff may come a bit late for the bargain hunter, the use and quality remain the same.

There is no need of spending a fortune just because a service or product is meant for the high season like during the holidays.

Every shilling counts and making it go even further makes more sense than trying to keep up with the Kardashians.

Have you ever thought about your electricity bill and how it can be brought down?

Having appliances that are energy-saving will see you spend less on your bills every month. Also, switching off unnecessary lights and appliances comes in handy and it helps when you need to reduce the costs of electricity in your house.

Another option is to ensure you have energy-saving bulbs, avoiding unnecessary hot showers and other electricity consuming lifestyles which can be avoided altogether.

While all these ways can work on ensuring that you have no stressful financial moments, the best is to always make sure that you live within your means.

Simply, this means that you only spend what you have without the need to seek loans and other ways of supplementing your financial burden.

When you have children, teach them the importance of budgeting and making choices that they stick with. It will go a long way in ensuring that your life and there is comfortable.

Choose to forgo luxuries, avoiding debt and always being on top of your finances by accounting for every single cent you spend. This way, life will be a lot better.

Read >> Why buying a new mattress deserves some thought beforehand

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