Family Finances

Who handles your family finances? Is it just one person or is it a joint effort? When it comes to the personal financial plan for a family, there are many ways to approach managing the budget. How you keep track of your family finances often depends on whether your finances are joint or separate. Some families have successful marriages with separate finances, while others share everything, including the responsibility of paying the bills. Some writers may argue for one system over another, but the important thing is to have a system in place.

Separate Family Finances

As I mentioned, some couples have a great marriage with separate finances. Growing up, my parents had joint everything. You can imagine my surprise when I heard that there were couples who kept separate savings accounts. While I am not the expert on this system (for obvious reasons), there are many ways that this works for families. Typically in these situations, both partners are employed. As far as I can imagine, having one stay at home parent would not be a recipe for financial success. With both spouses working, each keeps separate bank accounts and they split the bills. Some may split the finances equally, while others agree to pay for certain things.

While the logistics are different for each family that chooses this route, this can offer a lot of security to each partner. No matter what happens, each partner is thinking about their finances. This means that they are more likely to plan and save for retirement. If something horrible happened, each would be able to survive without too much difficulty.

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Batch Cooking: A Strategy for Singles

If you are single, or have a smaller family of just two or three people, you may often find yourself having to cook many small meals, or single cooking.  But have you ever considered the many benefits of batch cooking and saving the leftovers for later?

If you prepare more food than you would normally eat for the current meal you will be rewarded with tasty healthy lunches for the next day or, if frozen, a hassle free meal at a later time.  And by simply doubling or tripling what you would normally cook you will save money, resources, and time.

Don’t believe it is worth the hassle?  Read on!

Save Money with Batch Cooking

By preparing extra food when you cook you will save money.  For starters, you can use the ‘leftovers’ for your lunch the next day, which is much cheaper (and healthier) than getting fast food, take out, or going to a restaurant for lunch.

By preparing extra food you are more likely to take advantage of bulk food specials… buying a single chicken breast can be expensive whereas buying a four-pack can be cheaper per ounce, for instance.

Finally, by cooking larger amounts of food at once you can use up entire pieces or containers of certain ingredients, especially produce, meaning you are less likely to have expensive food waste (I have recently read that many North American households have as much as $500 in food waste each year) when you accidentally forget about that half a tomato or partial jar of sauce in the fridge!

Save Resources Cooking in Batches

Preparing food in bulk is a great way to energy resources such as gas, electricity, and water.  You will save gas by only making one trip to the store to buy ingredients.  Additionally, if you are able to buy larger quantities of food you are also saving resources in the food’s packaging and the transportation to get it to your local grocer.

When you cook one large meal instead of several small ones, you will save electricity or gas since you only have to heat up your range or oven one time to cook the meals.  And by preparing several meals at once you are only washing your dirty pots and pans once, rather than multiple times.  Every little bit helps when you are trying to live a greener life!

Save Time (and Sanity) with Batch Cooking

We each have a limited number of minutes in each day.  By cooking two or more meals at once, you are able to better conserve your time and allocate those extra minutes to other tasks that need done.   Let’s face it, most of us are stressed enough with our other real life responsibilities that anything we can do to save some time will also save our sanity!

Do you enjoy leftovers?  Have you discovered any additional benefits to preparing extra food to save for later?  What objections do you have to saving your extra food for future meals?  I want to hear your thoughts on batch cooking!

 This is an article written by Denise @ The Single Saver.  The Single Saver offers money saving tips for singles and small families.