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Raising kids as a single father is tough enough without having to worry about making ends meet financially. If you need to save money so that you can have more expendable income each month, there are many different strategies that you could use. Here are five money-saving tips that you should consider implementing as a single father.
Get Rid of Cable
Do you currently pay $100 per month for cable or satellite? If so, you could potentially keep all that money your pocket and still watch most of the shows that you’re watching now. Consider cutting out your cable or satellite subscription and getting an antenna for your TV. Over-the-air TV is actually the best HD anyway and it’s available for free. If you have an Internet connection, you can also stream shows to your TV. Most of the networks make their shows available for free on their websites. By using PlayOn or another streaming service, you can organize all of your online videos and then send them to your television through a PS3 or Xbox 360.
Look for Coupons
Although most people are familiar with the coupons are available in the Sunday paper, few single fathers actually take advantage of them. You can also find some really good coupons online and on smartphone coupon apps. You may not think that coupon clipping is worth the time, but there are some people who save quite a bit of money by using coupons. When you are trying to buy diapers, wipes and baby food for your kids, saving anything on these costs can be a huge help. Start clipping coupons or at least using virtual coupons on your smartphone and you will notice a difference in your budget right away.
Kids Eat Free
Even single dads need to be able to go out and have a nice meal at a restaurant from time to time. If you find yourself in this situation, there should be plenty of restaurants around you that offer “kids eat free” days for you to take advantage of. With these deals, you can get a free kids meal with each purchase of an adult meal. This makes it easy to cover dinner for you and your kids without spending a lot of money out of pocket. Restaurants often offer these deals as a way to get people in the door during the week. As a single father, they can provide you with an opportunity to create some memories with your kids and get out of the house.
Choose the Right Place to Live
Where you live can also have a big impact on how much money you have to spend every month. If you are living in a place that is too expensive, consider moving to a cheaper home as soon as you can. You may be able to find a rental property that includes maintenance and other things that you pay for. For example, if you’re currently paying for a gym membership, find an apartment complex that offers a free gym to residents. Some places even offer free Internet and TV to residents. Anytime that you can combine some of your costs like this, you can reduce your monthly outlay substantially.
Enjoy Free Activities
Instead of paying $50 or more to take your kids to the movies, consider engaging in some free activities in your area. There are plenty of free things that you can do in your area that are just as enjoyable with kids. Take your kids to the park or to the creek and throw rocks in the water. Go for a hike on a walking trail or play ball in the back yard. Any activities that you can do for free will help you save money overall.