A mother from Adelaide, who has six children under the age of six, has shared her top budgeting tips.
Sharing her thoughts on her blog, Eight at Home, Krechelle Carter, 27, revealed that she had saved $200 in one month simply by calling her electricity and phone providers and making sure they were giving her the best rates.
‘They weren’t. Sh**heads,’ she wrote on her blog. ‘I recommend everyone does this at least twice a year.’
Krechelle Carter (pictured) has six children under the age of six and shared her top budgeting tips
The South Australian mum said that she is someone who likes to make sure ‘everything important is paid’ before its due date.
‘I have weekly budgets on my phone in the notes section. My next six weeks is set out there,’ she said.
‘It says what money comes in and what money goes out. It’s doesn’t take long. What we earn and what bills are due. I live by my notes section. Little organized yellow buddy. He’s the best.’
The South Australian mum said that she is someone who likes to make sure ‘everything important is paid’ before its due date
Ms Carter said she also has a quarterly budget.
‘Budget accurately,’ she advised. ‘If you know you need $600 for birthdays a year, or $1000 over Christmas or $1000 for new clothes per year – Budget that in.
‘It’s an extra $650 a quarter and if you don’t budget it in, it’s money you don’t have at the end of the year. Jus sayin’,’ she wrote.
‘Budget accurately,’ she advised. ‘If you know you need $600 for birthdays a year, or $1000 over Christmas or $1000 for new clothes per year – Budget that in’
She also advised busy parents never to ‘just buy a large product’.
‘Every single product I buy I price match the sh*t out of,’ she wrote, candidly. ‘Big W, Toys R Us, Bunnings, Baby Buntings and Good Guys are just a few stores that price match.
‘I am not buying a $400 blender when it’s on special at an Australian store for $235. I just can’t justify it. Price match me bitches,’ she wrote.
She also said that her family has a ‘strict’ shopping budget of $200 a week.
‘Don’t take a specific list,’ she said. ‘You can write down essentials – bread, butter, milk, yogurt, 700 nappies… But I don’t decide on fruits or vegetables or meat until I get there,’ she added.
She also said that her family has a ‘strict’ shopping budget of $200 a week
‘Who knew pumpkin was going to be 80 cents a kilo. Or pork at $7 a kilo. Pumpkin soup and pork roast anyone?’
The budget-conscious mum also said that once a month she does a ‘huge online shop’ that costs around $300 and gets delivered to her door.
‘Awkward things like 24 rolls of toilet paper,’ she explained.
‘I go to the “half price sub section” at Woolworths and get to stocking up.
‘Online shopping saves me so much when I only look and buy specials from it. If you spend $300 shipping is free.
‘And sometimes they throw in products to try. Just remember this is for eight eating family members. Yours will probably be less; you lucky b*stards.’
Ms Carter explained that it’s important to budget in ‘fun money’ too – her family of eight has $100 a week to play with
Ms Carter also advised others to say no to credit cards.
‘We’ve mostly all been there,’ she admitted. ‘So make sure you swap over cards into “no interest free” periods to pay those bad boys off.
‘If you’re really feeling the pressure go into your bank discuss your options.
‘A personal loan with a lower interest rate or a consolidation into you home loan is always possible.
‘Don’t feel stuck. Banks despite their seedy reputations want to keep you as a customer and are the best ones to speak to!’
The thrifty mum also shared her love of Gumtree with her followers – saying that she sells things she no longer needs
Ms Carter explained that it’s important to budget in ‘fun money’ too – her family of eight has $100 a week to play with.
‘Two large lattes, a Mac powder and some flowers please,’ she wrote. ‘Or sometimes it’s movies with the kids.Sometimes it’s “the dog ate a stone that’s too large”.’
The thrifty mum also shared her love of Gumtree with her followers.
‘We sell things we don’t need. And get high quality things we do need,’ she wrote. ‘Just sold “unused wetsuit”. Just gained $30 rustic coffee table. Win. Win.’
Finally, she urged people to subscribe to website clearances.
‘We are not rich,’ she said. ‘We have a mortgage and a renovations loan and bills, bills, bills.’ She added that budgeting helps make life less stressful
‘So when Seed has a 40 percent off clearance sale, you can get $9 jeans like I did… Totally worth it.’ she wrote.
‘We are not rich,’ she added. ‘We have a mortgage and a renovations loan and bills, bills, bills.
‘And for the 42 hundred people that ask. No we do not receive “government pensions” you nosy f***ers. My husband works seven days a week. He works hard. And I work too.
‘There is a lot of planning that goes into our lives and budgeting is essential,’ she concluded. ‘But the organisation of it all makes it less stressful.’