This document summarizes tips from a Twitter chat about ways for families to save money. Some suggestions included creating a budget, limiting dining out and only buying groceries on a meal plan, hand-me-downs and clothing swaps for clothes, using a programmable thermostat to save on utilities, game nights for cheap entertainment, and teaching kids good financial habits from a young age. The Twitter chat on frugal living for families takes place every Wednesday at 3 p.m. ET.

1. #CreditChat
Money Saving Tips for Frugal Families
Wednesdays | 3 p.m. ET
Featuring: @AmericaSaves

2. Join our #CreditChat every Wednesday at 3 p.m. ET. This week,
we talked about ways families can save money.
“ Check Out All the Tweets and Resources:
ex.pn/frugal-fam

3. More than a quarter of Americans
have no emergency savings.
Source: @BankRate
#CreditChat

4. Wednesdays | 3 p.m. ET
#CreditChat
Why is it difficult for families
to save money?

5. Priorities. We always have something more important NOW
than saving for later. Need to make saving FEEL urgent.
Tweet by @AverageJoeMoney
#CreditChat

6. It’s hard to save money if you don’t have a budget or a clear understanding
of where your money goes each month. Budget, budget.
Tweet by @AdvantageCCS
#CreditChat

7. Wednesdays | 3 p.m. ET
#CreditChat
What are steps for a family to
start a realistic budget?

8. Know your family’s financial picture. Set goals and make a plan!
Tweet by @AmericaSaves
#CreditChat

9. Banish the budget! (But make a spending plan.)
Tweet by @KatieBissell
#CreditChat

10. The No. 1 rule of setting
budgets is not to cut all the
fun out of your life.
Source: @BankRate
#CreditChat

11. Wednesdays | 3 p.m. ET
#CreditChat
How can families save more
money on meals?

12. Cut back on going out for family dinners. Swap it out with
with a fun alternative like making your own pizzas.
#CreditChat
Tweet by @LeslieHTayneEsq

13. Save money on meals by creating a meal plan and only
buy groceries to make the food on the menu.
Tweet by @MsMadamMoney
#CreditChat

14. Wednesdays | 3 p.m. ET
#CreditChat
How can families save on clothes?

15. I love doing clothing swaps with my girlfriends. It’s a fun,
frugal hangout and we get “new” clothes!
#CreditChat
Tweet by @Annj_Chen

16. Nothing beats hand-me-downs. We have a newborn, and old
clothes from friends and family are awesome!!
Tweet by @WealthwithMina
#CreditChat

17. Wednesdays | 3 p.m. ET
#CreditChat
How can families cut down on utilities?

18. Using a programmable thermostat can save an average $180
on your energy bill.
Tweet by @NerdWallet
#CreditChat

19. Save money on utilities by limiting usage and
and cutting off what you don’t use.
#CreditChat
Tweet by @MsMadamMoney

20. Wednesdays | 3 p.m. ET
#CreditChat
What are some free or low-cost ways
to entertain the family?

21. have hours of fun and free entertainment with your family!
Game night! Grab some board games, pop some popcorn and
Tweet by @AdvantageCCS
#CreditChat

22. Wednesdays | 3 p.m. ET
#CreditChat
What are ways families can
save on transportation and insurance?

23. help you avoid costly fixes down the road.
Tweet by @AmericaSaves
Be kind to your car. Keeping it tuned and driving safely can
#CreditChat

24. Many insurers offer a good student discount. You can also
group your policies together for more savings.
Tweet by @LeslieHTayneEsq
#CreditChat

25. Wednesdays | 3 p.m. ET
#CreditChat
How can families save money
when buying gifts for others?

26. Edible treats can be very inexpensive and fun to make as
gifts, and you can make many at a time!
Tweet by @Emergebenefit
#CreditChat

27. Tweet by @AverageJoeMoney
Remember, the gift of YOU is what people often want.
Time is a commodity that is irreplaceable.
#CreditChat

28. Wednesdays | 3 p.m. ET
#CreditChat
Any final tips on how families can save
more money?

29. Always remember… if you can’t afford to save, then you can’t afford to borrow.
Tweet by @MsMadamMoney
#CreditChat

30. Saving money isn’t just for parents. Make it a “family thing”
and teach kids good habits from a young age!
Tweet by @Emergebenefit
#CreditChat

31. Keeping your money on your mind will also help
keep it in your bank account.
Tweet by @LeslieHTayneEsq
#CreditChat

32. #CreditChat
Wednesdays | 3 p.m. ET
Check out all the resources and tips shared:
ex.pn/frugal-fam

33. #CreditChat
Wednesdays | 3 p.m. ET
Join Us Every Wednesday at 3 p.m. ET.
bit.ly/join-creditchat

34. Subscribe & Check Out: