Money Saving Moments: Family Savings to Take Advantage Of

Friday, December 13, 2013, AM | Leave Comment

The current state of the American economy has required many families to reexamine the way their money is spent. While this task can seem daunting, and managing finances is anything but fun, finding new and creative ways to save money can bring families together, and alleviate the frustration and anxiety that accompanies money worries.

Money Saving Moments Family Savings to Take Advantage Of

  • Embrace New Technology

    While the new advances in technology can seem mind-blowing and complex, taking a closer look at what some of these progressions can provide for ways to be frugal and save money.

    Technology that allows families to connect and chat free of charge, are all over the internet. Face to face conversations are possible for free with the click of a button, and the costs allow for large yearly savings.

    Books, movies and music are all available online for instant streaming, and are usually much cheaper than other traditional alternatives. In many cases, mainstream television shows are available on demand at a fraction of the cost of outdated competitors.

  • Home Appliances

    Don’t forget developments have occurred in more than just computers. New light bulbs and energy efficient appliances are saving owners hundreds of dollars a year.

    Compact fluorescent lights have allowed penny pinching to be fun and environmentally rewarding. Take a look at where your house can be updated, and use your investment money to make your home more efficient.

  • Security Saving Options

    Home security companies can do much more for families than just providing home protection. In addition to providing peace of mind for families and their assets, security systems open the door for large insurance savings.

    Insurance companies offer significant discounts to homes that have a home security system. These discounts can be deep and can save hundreds of dollars in the long run.

    In addition to the insurance savings, a good home security system can also provide an extra insurance against damage that occurs to the home because of burglary or vandalism.

    If a window is broken, a door kicked in, or valuables are destroyed, any money that would normally be required to repair household damage is saved. Many companies like Vivint home automation offer options that can allows you to monitor lights left on, door locks and home temperature all from your smartphone.

Saving money does not have to be stressful. Cutting costs, and making changes within the home can bring family members closer together. Being proactive in personal finances can provide long-term financial security.

Making simple changes and having an open mind can save thousands of dollars every year. Financial security is within your reach!

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