Even then, it can be tricky to manage your money. You need to make sure that you keep up with all the latest fashion trends, do enough activities to stop yourself getting bored and stay healthy and well fed, all the while managing to leave enough aside for rent and other necessities. Trying to distribute your funds evenly can be a real headache.
If you are a parent, you probably laughed out loud at the above, for it is only when you have children that you really learn the value of money. School uniforms and shoes that need replacing every few months (or so it seems), replacements for items the little darlings keep on breaking, Christmas and birthday presents, school trips and plays, sports club fees, and of course mountains of food.
If you’ve got more than one child, you probably feel the need fora full-time accountant just to work out on what and where you can spend your money. A number of studies and articles have shown that a significant number of families are really struggling with their finances.
As your kids get older, you also need to consider the question of mobile phones. Should you buy one for your child or children? And if so, which one and on which network?
Sainsbury’s mobile network Mobile by Sainsbury’s currently represents some of the best value there is in the marketplace. The most “bang for your buck”, if you will.
Frequent users can get choose from any one of three 30 day bundles: £10, £20 and £30. The first gives you 200 minutes, unlimited texts and 250MB worth of data, the second provides 300 minutes, unlimited texts and 500MB worth of data, with the last giving you 800 minutes, unlimited texts and 1GB worth of data.
If you (or the person you will be paying for) are more of an infrequent or occasional user, you will be able to make UK calls from just 8p a minute, standard UK texts from 4p and 50p per day for up to 25MB worth of data.
However, as a parent you also know that the cheapest item on sale doesn’t necessarily represent the best value for money. As the old adage goes, “buy cheap, buy twice”.
Luckily, this network doesn’t just undercut the competition in terms of price, it betters them as a product. It has 99% population coverage across the UK, so unless you happen to live in a very particular area of the country, you will be able to access the network. You can check whether your area receives coverage online.
Their current winter deal gives those on the £10 bundle an automatic, free upgrade to the £20 package – so that’s even more for your money! Their double nectar points offer is also worth bearing in mind as it could help families save as much as £180.
Remember the school uniforms we mentioned earlier? Imagine how many of them you could buy for £180 … well, 24 for boys according to an infographic for Mobile by Sainsbury’s. According to them, this figure could buy 24 boy’s trousers and polo shirts or 27 girls’ school skirts and polo shirts.
Then again, you could also spend the money on 95 sets of four-pack toilet rolls, 225 bottles of washing up liquid, 2.5 weekly food shops or a staggering 264kg of bananas (equivalent to around 1,500 single bananas).
What you spend the money on is obviously up to you but this certainly provides food for thought for frugal families!