10 Ways Moms Can Cut Costs Right Now (PHOTOS)

Liz Alterman | Sep 24, 2014 Money
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  • Consider a Consignment Shop

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    Doesn't it kill you to blow a bundle on an outfit (or shoes!) you know your child will probably wear only once? Consider visiting a consignment shop for that sports jacket or Halloween costume you know won't be making it into the regular rotation.

    Likewise, think about collecting some extra cash by selling some of the nicer pieces your son or daughter has outgrown. 

  • DIY Cards

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    Is your calendar full of birthday parties? Not only are gifts expensive, cards will break the bank if you let them. In those excited moments before you drive your little guest to the big event, pull out the markers and some paper and have your budding artist craft a homemade and heartfelt card.

    Depending on how many you buy per year, this savings can really add up. Plus, it's a fun way for kids to express themselves. Same goes for thank-you notes!

  • Avoid 'Dry Clean Only'

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    Everyone knows ironing isn't a whole lot of fun, but neither is paying for dry cleaning. If there are pieces like blouses or your husband's dress shirts that you can iron yourself, do it. To break up the utter boredom, make a phone call while wiping out those wrinkles, watch TV, or listen to music. You'll be done before you know it! 

    Another tip: Avoid buying clothes that are "dry clean only" when you can. The ones that go either way, you can just wash yourself at home. 

    If you can't bypass dry cleaning completely, look for coupons or deals on sites like Groupon or LivingSocial. 

  • Carpool

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    Whether you're on your way to school, a soccer game, or a birthday party, chances are someone in your neighborhood is going in the same direction. Arrange a carpool when you can to save on gas and time.

    Nothing would drive me crazy like knowing four families on my street were also going to the same place. Working out a carpool not only saved me $10 a week in gas, it gave me extra time, which all moms know is priceless!

    Or, if possible, take a walk instead. There's nothing like bonding on a stroll with your child while getting some fresh air and exercise!

  • Negotiate

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    If you think you're paying too much in credit card interest or for your cellphone package, you very well may be. Don't be afraid to call and ask to have rates lowered. Many credit cards offer 0% interest for a certain period if you agree to transfer your balance. And with so much competition, some are willing to vie to keep your business! 

  • Bank Online

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    Do you ever find yourself driving from one bank to another to transfer funds to pay the mortgage or credit card bills? Taking care of banking online can save you time and gas. Also, paying your bills on the computer eliminates the need for stamps, and at 49 cents a pop, that adds up quickly! 

  • Resist Temptation (& Tell Us How!)

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    How many times have you seen the words "BIG SALE!" or "50%" in the subject line of an email, and even though you don't need a thing, you click through and make a purchase? Why? Because who can resist a good deal?!?

    Resist and eliminate temptation by getting off all those mailing lists of merchants you know will lure you in with the promise of "savings." Let's face it: If you're spending money, even a great deal on something you don't really need is an unnecessary expense. 

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