These last few years have made a drastic impact on everybody's life, not only here in the US, but all over the world.
Covid happened and I'm not sure if we tackled it smartly or not but now we are experiencing the backlash and all the side effects of lockdowns and people getting sick.
The economy is bad, prices are hiking up and it's getting really hard to make both ends meet.
I am noticing it more since it is impacting my family terribly. From the beginning of our married life, I have been making the budget for the whole family and it has come on my shoulders to tackle and get our family out of this situation.
So the first thing is to figure out what are our needs, and wants.
Like eating out...
I noticed when we eat out we spend a lot of money doing it. So we started limiting eating out, I can't thank my mom enough who taught me how to cook amazing food. we were eating out more because I was just being lazy. Quite recently I realized I like cooking and I challenge myself every single day to try a new recipe. I noticed my family is pretty happy coz they get to eat new and different dishes all the time.
The next biggest expenditure was having coffee from a coffee shop, I used to get it for around $4 and now the same coffee is around $7, and if for some reason I drink it 2 times a day, it adds up pretty quick.
So, I bought a really cool coffee machine and the syrup from the same coffee shop we usually buy our coffee, now for a fraction of the money we get the same taste and save so much money.
The biggest expenditure, I had to really cut down on, was Gas.
To control that, we started carpooling and in the future walk more when the weather is decent. I have been implementing these changes in our lives but unfortunately, my family is still not on the same page.
I don't blame my children coz they were never taught about this and have never faced situations like this, so I have been talking more about how we can save money and I include my kids to give suggestions so they also understand what is about to come when inflation hit us in a full swing. To help me keep everything organized, I came across this very beneficent site savings calculator. It is extremely easy to use and since it is my responsibility to teach my boys the hardships of life though they are young, again young minds learn fast, I ask them to add in the savings calculator our savings and the amount we will get/profit after a certain period of time. I am teaching them the biggest life hack that is not taught in school.
Now all the money I am saving, and my actual saved-up money, I want to smartly invest in real estate as that is the most flourishing industry. I am just looking for the right property and soon will make my first big investment and hopefully, it is going to be successful. Fingers crossed!!!The biggest expenditure, I had to really cut down on, was Gas.
To control that, we started carpooling and in the future walk more when the weather is decent. I have been implementing these changes in our lives but unfortunately, my family is still not on the same page.
I don't blame my children coz they were never taught about this and have never faced situations like this, so I have been talking more about how we can save money and I include my kids to give suggestions so they also understand what is about to come when inflation hit us in a full swing. To help me keep everything organized, I came across this very beneficent site savings calculator. It is extremely easy to use and since it is my responsibility to teach my boys the hardships of life though they are young, again young minds learn fast, I ask them to add in the savings calculator our savings and the amount we will get/profit after a certain period of time. I am teaching them the biggest life hack that is not taught in school.
So how are you preparing yourself for what's coming?
Share all the tips and tricks
