100 Ways to Save Money as a NannyJune 2, 2014 | in Nanny
Every nanny has to negotiate a job contract and job responsibilities, which can directly affect what you have to pay for on your own. The more things that are covered by your employer, the more money you will be able to save in living expenses. These 100 sites offer up useful ideas on how you can save money working as a nanny.
While live-in nannies typically make less money per paycheck than live-out nannies, they also save a considerable chunk of change by not having to pay rent, utilities and other amenities that people living on their own incur. Not having to pay these bills can add up to some hefty savings over time. These 10 blogs explore some of the ways you can save money as a live-in nanny.
- No rent to pay. Not all nanny jobs come with housing, but as a live-in you have the benefit of a free place to live. Keep in mind that, according to Civilian Employment, you may work longer hours if you receive room and board.
- Save on groceries. Wise Bread points out that you can save money by eating your meals with the family you are living with.
- No commuting. When you live where you work you have no commute, allowing you to save money on gas. Make sure you have a plan in place for your finances, though, as eNannySource reminds nannies they can be let go at any time with no notice.
- No utility bills. Hubpages highlights the benefits of living with a family, such as not having to pay utilities.
- Save on tuition. 4Nannies explains that both you and your employer can save money when your employer pays for your tuition.
- Use of the family car. If you are a live-in nanny, most families will provide a car for your use with the kids and may let you use it during your off hours as well, says Live-In Nanny.
- You won’t pay taxes on health insurance benefits. According to Regarding Nannies, you and your employer can save money when they pay for your health insurance.
- No cable bill. There are many ways to save money with your cable, says MSN Money, especially as a live-in nanny since your employer will probably provide you with it at no cost to you.
- Save on gym expenses. Some employers have a home gym or offer a gym membership as a perk of the job, explains Mommy Tracked.
- Free lunches. According to I Saw Your Nanny, food is typically included for your lunch, whether you are a live-in or live-out nanny.
Making small changes, like switching to a refillable water bottle instead of buying bottled water, can add up to significant savings over time, letting you keep more in your bank account. Use these 10 tips to save money instead of spending it.
- Use a refillable water bottle. Buying bottled water gets expensive quickly; instead, use a refillable water bottle to save money and help the environment, recommends GTM.
- Shorten your showers. Choose to Save suggests taking shorter showers to use less water and save money.
- Shut off the lights. According to Wikihow, you can save a lot of money by shutting off the lights when you leave a room.
- Cancel or reduce your cable plan. WTOP suggests cancelling cable and switching to Internet only entertainment by using a Roku box or something similar.
- Reduce the features on your cell phone. BGR recommends switching from a major cell phone carrier to a MVNO; they charge less per month because they don’t own their own network.
- Get rid of your land line. Wealth Pilgrim advises getting rid of your landline and only using your cell phone.
- Adjust the thermostat. Bankrate suggests installing a programmable thermostat. If you can’t, keep an eye on the temperatures and adjust accordingly.
- Use a grocery list to avoid impulse buys. Lifehacker goes over different ways you can save on groceries, like sticking to a pre-written list.
- Reduce your soda intake. According to Money MSN, if you drank water when you ate out instead of soda you could save around $977 a year.
- Use coupons for groceries. Woman’s Day says that the average person can save up to 50% on their grocery bill by using coupons.
Indulging in luxury items is never a bad thing if it’s done only on occasion. However, don’t blow your savings by turning treats into regularities. Take a look at these 10 tips for ways to keep your spending in check.
- Drink your coffee at home. Going to a coffee shop regularly can really add up. The Simple Dollar explains that you can save at least a dollar per cup of coffee by making it at home.
- Compare gym prices. Real Simple urges you to check places like colleges to save on monthly gym prices.
- Eat at home. U.S. News points out that eating at home may take a bit more work, but it will also result in a lot of savings.
- Brown bag your lunch. Bringing your own lunch to work instead of eating out can save a considerable amount of money, says Christian Science Monitor. As a nanny, you can also try negotiating employer-provided lunches into your contract.
- Use public transportation. Working Moms suggests using public transit instead of paying for gas or taking cabs.
- Watch movies at home instead of going out. Going to a movie out can be very expensive. My Saving Money Tips lists different ways you can save money by staying in.
- Have your friends over to party instead of going to the bar. Money Crashers outlines how much you can save by hanging out with friends at home versus in a bar.
- Buy generic brands. Parenting says you can save up to 40% by buying the generic brand of a product over the name brand.
- Check out consignment stores instead of buying new. Whether you are looking for furniture or clothes, Money, How Stuff Works believes you can save a ton of money by buying used.
- Cancel any magazine subscriptions that you are not reading. Yahoo Voices suggests reducing costs wherever you can by looking at your daily spending.
Tweaking the way you operate at home can help you save a lot of money. These 10 blogs outline different ways you can decrease your spending and increase your household savings.
- Make your own laundry detergent. For only pennies per load you can make your own detergent, says Ask Anna.
- Avoid paying shipping costs. Read through the tips on Creative Savings to learn how you can save money on your shipping costs.
- Use a coupon code if you buy online. Many people stick to online purchases to save both time and money. Dave Ramsey suggests finding and using coupon codes to save big money on your online purchases.
- Track your budget. Super Sweet Life explains how to create and keep a finance binder to keep track of your nanny hours and expenses.
- Turn your jeans inside out to make them last. Just Imagine says you can keep your jeans looking newer longer by soaking them in vinegar and washing them inside out.
- Take care of your teeth. By taking care of your teeth and scheduling regular dental cleanings, you can prevent more costly procedures later, explains America Saves.
- When buying prescriptions, go generic. Your Healthcare Guide recommends skipping name brand drugs in favor of generics for substantial savings.
- Have money automatically moved into savings every month. Bank of America suggests having money directly transferred into your savings account each month to resist the temptation to spend it.
- Use dimmer switches inside your home. We Energies advises using a dimmer switch on your lights to save money on your electric bill.
- Line-dry your clothes to save the cost of using a dryer. Mother Earth News points out that line drying your clothes is free, unlike using your dryer.
Credit Card Savings
Credit cards can spell trouble with a capital T for many people, but they can also be a helpful tool when used correctly. For tips on how to use your credit card to your benefit, read these 10 sites.
- Reduce the interest on your credit card. Nerd Wallet explains how to negotiate a lower interest rate with your credit card company.
- Use a money-back credit card. Transunion talks about credit cards that apply their cash back benefits to the balance on the card.
- Pay extra toward the card with the highest interest rate. Credit Cards explains that paying off the card with the lowest balance first is less efficient in the long run.
- Pay your credit card bill early. Good Housekeeping discusses how interest builds up every day, so the sooner you can reduce the balance the more you will save.
- Never pay your credit card late. Late fees can really add up, says Money Smart, and can cause your interest rate to increase, so pay your bills on time.
- Sign up for automatic bill pay. Automatic payments ensure that your bills are always paid on time, according to Ready for Zero.
- Write down what you owe. USA Today recommends having a written log of what you owe to stay on track.
- Have one card you pay off every month. Consumerist recommends keeping one card “clean” by using it and paying it off in full every month. If you need a credit card to carry debt from month-to-month, do that on a second card.
- Look over your credit card statements. Bill Cutterz explains that you should always review your credit card bill to avoid fraudulent purchases.
- Use gas station credit cards to earn discounts. Daily Finance shares that some gas stations will give you a 10% discount on your gas when you use their credit card.
You may be tempted to hit up the drive-thru on the way to work every morning to save some time, but this practice can end up becoming a costly one quickly. Instead, try these 10 recipes that you can make ahead of time, allowing you to quickly grab breakfast and go without forking over your money every morning.
- Make-Ahead Breakfast Burritos. Coupon Crazy Girl shares her recipe for make-ahead bacon breakfast burritos that you can make and keep in the freezer.
- Banana Split. The Kitchn suggests making a breakfast version of a banana split by using yogurt instead of ice cream and topping it with nuts.
- Maple Cream Cheese Cornmeal Pancake Stacks. iVillage explains how to put these beauties together and freeze them for future meals.
- Berry Breakfast Quinoa. Betty Crocker shares this high protein breakfast you can make ahead of time.
- French Breakfast Muffins. Spoonful recommends starting your day with this simple muffin.
- Crock Pot Breakfast Cobbler. Busy Cooks describes how you can put the ingredients in the crock pot the night before and wake up to a hot breakfast.
- Turkey Pepper Brunch Strata. You can make this breakfast on the weekend and then reheat portions for breakfast, lunch or dinner, says Better Homes and Gardens.
- Blueberry Power Muffins with Almond Streusel. Cooking Light details the ingredients for making these healthy muffins that you can freeze or eat right away for a healthy start to your day.
- Taco Egg Muffins. Peace, Love and Low Carb gives you a recipe for a portable taco omelet type dish that you can warm up for days.
- Apple-Chai Baked Oatmeal. Passports and Pancakes shares a unique twist on baked oatmeal.
Cheap Date Nights
Dating, while fun, can get expensive fast if you’re not careful. But you don’t have to break the bank to spend time with your sweetie! Use these 10 cost-effective date night ideas to have a good time with the one you love and save some money.
- Go to a matinee and then dinner. You can save several dollars on your ticket price by taking advantage of matinee prices, says Divine Caroline.
- Use coupons at restaurants. Saving Money in Your Twenties suggests eating at home when you can and using coupons when you do eat out.
- Go on a hike. The Art of Manliness recommends taking a walk with no specific destination in mind.
- Have an indoor picnic. You don’t even need to leave the house for this cheap date idea from Go Cheap or Go Home.
- Cook for each other. Rolling Out urges couples to make family favorites for a cheap date night.
- Go on a coffee date. Sound Money Tips says coffee dates are great first dates.
- Try an Amazing Race date. Lending Club explains how this date idea works well as a double date. All you need is some gas money.
- Go to a museum. Dr. Phil suggests checking out local venues like parks and museums to save money on dates.
- Buy discount tickets. Money Saving Mom recommends looking for discount tickets to get out on the town for less.
- Have a board game night. Buy some inexpensive candy and sodas and have everyone bring a game over for a fun night at home, says Teen Advice.
Frugal Dinner Recipes
The last thing you probably want to do at the end of a busy day is make dinner, however you can end up wasting a lot of money by eating out all the time. Instead, try out these 10 dinner recipes to get a meal on the table with little fuss or effort.
- Potato Pancakes. Motherhood explains how to fix dinner on the cheap with potatoes and eggs.
- Cook Once and Eat Twice. Help Guide gives advice for cooking and planning meals for one person and explains how to save money while doing it.
- Chili Cheese Omelet. BBC Goodfood points out that omelets are inexpensive and filling.
- Grilled Ham and Cheese with Pineapple. Delish shares a unique twist on a classic recipe that you can whip up after a long day with the kids.
- Spaghetti Carbonara. Marie Claire provides a recipe for this quick and inexpensive meal that you can cook up anytime.
- Cake in a cup. Suffering from a sweet tooth, but don’t want to make a whole cake that will just go to waste? Try this cake-for-one recipe from Student Recipes.
- Roasted Cauliflower Hummus. For hummus lovers and vegetarians, Gourmet Recipes for One provides a healthy twist on a recipe favorite.
- Orange Walnut Salad with Chicken. This salad from Eating Well is perfect for a lighter meal.
- Vegetarian White Bean Chili. Cooking for One gives a hearty, healthy recipe that will last you for multiple meals.
- Panzanella Salad. Don’t let bread go stale. Instead, use it up in this tasty salad from PBS Food.
Reduce Car Expenses
Keeping your car in proper running condition can help you save a huge chunk of change. Use the advice from these 10 articles to keep your car running in tip-top shape.
- Keep your tires inflated properly. Investopedia explains that proper air pressure can improve your gas mileage and prevent tire damage.
- Avoid carrying too much weight in the trunk. Any extra weight in the car will affect your gas mileage, says Ask Men.
- Try to avoid idling your engine. Auto Trader explains that idling uses a lot of gas.
- Tip the gas pump handle up. AARP suggests tipping the nozzle up 180 degrees to drain the last of the gas from the hose into your car.
- Find the cheapest gas station. Gas Buddy researches area gas stations and reports the going rate for gas so you can find the cheapest place to fill up.
- Periodically wipe off your wiper blades. According to Consumer Reports, you can extend the life of your wiper blades by keeping them clean.
- Combine your errands into one trip. Drive Smarter Challenge reports that you can save up to $91 a year if you can reduce the driving you do by just 5%.
- Drive the speed limit. While it’s always a good idea to drive the speed limit for safety reasons, according to Fuel Economy doing so can also help you save on your gas mileage.
- Try to avoid using the air conditioning. Consumer Energy Center says that keeping the air conditioner on uses 5% more gas.
- Keep the same car for 7 to 10 years. Generation X Finance explains that trading cars every few years costs a lot more than maintaining the one you already own.
Other Money Saving Tips
For miscellaneous ways to save money, look no further than these 10 posts.
- Compare car insurance prices. You can go online and compare car insurance rates by using a site like Compare Now. Many nannies negotiate car insurance into their contracts when they start their job, which can be a huge money saver.
- Don’t pay ATM fees; use the one at your bank. Try to use a bank that has convenient ATM’s so that you don’t incur fees. According to Banking My Way, those fees can really add up over the course of a year.
- Implement a 30 day waiting period. Peer Transfer recommends waiting a month or two for large purchases so you have time to research the best deal and assess if you really want the item or not.
- Turn down the temperature on your water heater. All You guestimates that you can save $50 a year when you reduce the temperature by 25 degrees.
- Hide your credit cards. The Nest shares several money saving tips, such as hiding your credit cards so that you are not tempted to buy during a moment of weakness.
- Delete your credit card numbers from online sites. It’s too easy to click and buy if your credit card number is already loaded. Bubblews says that if you have to go get your credit card, you may decide you don’t need the item after all.
- Give gifts of service instead of spending money. Try giving your time and talents instead of buying people gifts, recommends Liberty Voice.
- Buy a fuel efficient car. Car Quotes gives 10 tips on how to select a car that can save you money in the future.
- Pay your bills online. Quick and Dirty Tips suggest paying your bills online to keep better track of your finances and save on the cost of stamps and checks.
- Buy fresh fruits and veggies in season at the farmer’s market. Summer Tomato explains that it’s not expensive to eat healthy when it’s done right.
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