How can I make my money stretch further? (2024)

My husband and I have seven biological children between us, so stretching our finances has always been a priority! I enjoy being active and busy and I love to travel. I wanted to be able to expose the children to a wide variety of activities and experiences as often as possible. Due to these desires and priorities, we had to make money stretch.

How can I make my money stretch further? (1)
How can I make my money stretch further? (2)

Finding Money to Travel

When our children were still young enough to all be living at home I had student loans to pay off after earning three college degrees, I had been a single mom for quite some time, and my new husband was (is) a firefighter, so money was definitely not coming out of our ears. However, we were still able to do all kinds of fun and exciting activities as a family.

First, we had to make choices. We chose to eat at home the majority of the time rather than going out. If we were traveling or spending the day out doing errands or other activities, we would pack a picnic lunch. This was fun for the kids because we would typically stop at a park to eat and include fun foods, like Oreos, that we did not usually keep at home.

This saved money, kept the kids fed, hopefully, gave them more nutritious foods than fast food would have, and has left the kids with good memories. They had no idea picnics started as a way to make money go further. They just knew they were fun!

Inexpensive Activities

I also researched free and inexpensive activities in our area and any area we traveled to. What local museums have free nights? What day is the local zoo free? Are there any free local festivals or art events? Do local businesses or factories give free tours? What restaurants have kids-eat-free nights? Does the local movie theater offer discounted movies or discount days? I also looked into season or annual passes for places we enjoyed regularly.

We discovered that buying an annual pass for our local zoo paid for itself in one trip, plus that same pass got us into zoos all over the country for free. (The pass gets us half off most zoos now, but it still saves us money). We also found that many large cities have CityPass and this allows you to see several of their top travel destinations for one lower price!

How can I make my money stretch further? (4)

How can I make my money stretch further? (5)

Free Activities

Additionally, there are many free activities in most cities that are free many times a year, if not daily. Parks are a good place to play, do picnics, and have the kids burn off energy. Many cities have free Splash Parks or Spray Grounds, along with playgrounds, you just need to research what is available.

Libraries are everywhere and offer free activities, especially during the summer. Libraries also often have reading programs where children can earn free coupons for local restaurants and places of entertainment. Double Win! Free activity to earn free coupons for other free activities!

Rewards and Gift Cards

Additionally, we chose to use credit cards with good rewards programs to pay our monthly bills. We paid those credit card balances off with each paycheck, so we never ever carried a balance. We used the points from the credit card purchases to obtain gift cards for places we would splurge on.

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For example, if we knew we were traveling to a city with a Rainforest Café we would order enough gift cards (that we didn’t have to pay real money for) to cover the meal. Thus, the meal was fun and free! We could also purchase discounted gift cards at stores, such as Sam’s, and save a little money (or a lot. I recently went to Sam’s and purchased gift cards to a couple of different restaurants at 25% off). Plus, you can use coupons or other discounts and then pay for the remaining balance with the free or discounted gift cards.

How can I make my money stretch further? (8)
How can I make my money stretch further? (9)

Hotels with Added Benefits

Lastly, when we stayed at a hotel we would opt for a hotel with free breakfast. My favorites were the hotels, such as the Drury Inn, that offered free breakfast, a pool, free popcorn and sodas all afternoon and evening, and free supper.

Add all of that to our picnic lunches and the majority of the food could easily be taken care of for our entire trip! Plus, the pool was another “free” activity that came with the hotel cost we would already be paying. Other hotels offer other free activities, in addition to a pool, with your hotel stays, such as mini-golf, kids’ crafts, and basketball courts.

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These are just a few ofthe strategies we have used and continue to use to stretch our money. It is possibleto do fun activities, even on a tight budget. It takes a little research, butthe time spent researching is definitely worth the enjoyment of being able toparticipate in so many fun activities!

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TAKE AWAY

Here are a few of the tipswe have been able to use throughout the years.

  • Look for free activities (there are probably more than you realize)
    • Some activities are always free (parks, playgrounds, library)
    • Some activities have free days or evenings (museums, zoos)
  • Look for discounted activities
    • Some restaurants have kids-eat-free nights
    • Does the local movie theater have discounted days or discounted movies?
    • Is it cheaper, in the long run, to purchase annual or season passes for activities you enjoy regularly?
  • Discounted or free gift cards
    • Use credit card rewards to obtain free gift cards for places you would be going anyway
    • Purchase gift cards at a discounted rate from stores such as Sam’s
    • Use coupons with the free or discounted gift cards to make money stretch even further

For more great tips, check out my parenting book! Now available on Amazon in Kindle and paperback formats!!

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How can I make my money stretch further? (16)
How can I make my money stretch further? (2024)

FAQs

How to stretch your dollar further? ›

Here are eight practical ways you can make your paycheck go further, along with some advice from personal finance experts.
  1. Follow a budget. ...
  2. Reduce non-essential spending. ...
  3. Eat what's already in your pantry. ...
  4. Spend wisely on groceries. ...
  5. Avoid impulse purchases. ...
  6. Set monthly savings goals. ...
  7. Automate your savings.
Jul 6, 2023

How to make your money go farther? ›

Here are six ways to make your money go further.
  1. Meal Plan. One of the biggest areas where you may be able to cut back is on the food you eat. ...
  2. Pay for Fewer Subscriptions. ...
  3. Use Green Transportation Options. ...
  4. Use Your Local Library. ...
  5. Avoid Disposable Items. ...
  6. Negotiate Your Bills.
Jul 27, 2023

How to make your dollar go farther? ›

Making Your Dollar Last Longer
  1. Make Meals at Home. Cooking at home provides more filling meals as well as a greater quantity of food than just going out every night. ...
  2. Buy Generic Products. ...
  3. Consider Kicking A Habit. ...
  4. Use Your Student Discount. ...
  5. Use Inexpensive Transportation. ...
  6. Comparison Shop for Items You Want to Buy.

How to stretch your dollar in today's economy? ›

To stretch your dollar when you're on a lower income, start by creating a budget and prioritize essential needs, such as housing and food, and then track spending in the more peripheral areas, said Peter Earle, senior economist at American Institute for Economic Research.

How to turn $100 dollars to $1,000? ›

10 best ways to turn $100 into $1,000
  1. Opening a high-yield savings account. ...
  2. Investing in stocks, bonds, crypto, and real estate. ...
  3. Online selling. ...
  4. Blogging or vlogging. ...
  5. Opening a Roth IRA. ...
  6. Freelancing and other side hustles. ...
  7. Affiliate marketing and promotion. ...
  8. Online teaching.
Apr 12, 2024

What food stretches your dollar? ›

Staple food items store well and stretch meals, so keep plenty of them on hand. This includes foods such as canned tomatoes, tomato sauce, spaghetti sauce, canned green beans and corn, raisins, canned fruit, and dry beans.

How to straighten out your finances? ›

39 Ways to Improve Your Personal Finances
  1. Get your overspending under control. ...
  2. Create a new budget. ...
  3. Find a budgeting app you like. ...
  4. Make a will. ...
  5. Protect your savings from inflation. ...
  6. Prepare for rising interest rates. ...
  7. Prepare now for your next major life event. ...
  8. Boost your retirement savings.

How can I let my money grow? ›

Here are eight great ways to start investing right now.
  1. Stock market investments. ...
  2. Real estate investments. ...
  3. Mutual funds and ETFs. ...
  4. Bonds and fixed-income investments. ...
  5. High-yield savings accounts. ...
  6. Peer-to-peer lending. ...
  7. Start a business or invest in existing ones. ...
  8. Investing in precious metals.
Mar 7, 2024

How can I make wealth faster? ›

While get-rich-quick schemes sometimes may be enticing, the tried-and-true way to build wealth is through regular saving and investing—and patiently allowing that money to grow over time. It's fine to start small. The important thing is to start and to start early. Earn money and then save and invest it smartly.

How to stretch your dollar at the grocery store? ›

Try Cost-Cutting Strategies
  1. Plan meals and snacks one week at a time. ...
  2. Use your meal plan to make a grocery list and stick to the list.
  3. Be a careful shopper. ...
  4. Move foods that go bad quickly to the front of the fridge where you can see them and plan to eat them first.

How do you strengthen the dollar? ›

The dollar strengthens when interest rates rise, and international investors view it as a safe haven for maintaining and increasing value during turbulent economic times. In general, the strength and value of a currency depends on the demand for that currency.

How can I make my currency stronger? ›

Higher interest rates in a country can increase the value of that country's currency relative to nations offering lower interest rates. Political and economic stability and the demand for a country's goods and services are also prime factors in currency valuation.

Where do you put your money when the dollar collapses? ›

What to Own When the Dollar Collapses. Historically, tangible assets like gold and real estate have been sought after as they tend to retain intrinsic value. Investing in commodities such as precious metals, oil, and agricultural products is also considered a smart choice.

Where does the dollar stretch the most? ›

Best Places to Visit Where the Dollar Is Strong
  • South Africa. South Africa/South African Rand. ...
  • South Korea. South Korea/South Korean Won. ...
  • Japan. Japan/Japanese Yen. ...
  • Argentina. Argentina/Argentine Peso. ...
  • Hungary. Hungary/Hungarian Forint. ...
  • Chile. Chile/Chilean Peso. ...
  • Colombia. Colombia/Colombian Peso. ...
  • Vietnam. Vietnam/Vietnamese Dong.

What increases the dollar? ›

When demand for the dollar increases then so does its value. Conversely, if the demand decreases, so does the value. The demand for the dollar increases when international parties, such as foreign citizens, foreign central banks, or foreign financial institutions demand more dollars.

Where does the dollar stretch the furthest? ›

Japan continues to be a popular choice, but Vietnam and South Korea stand as solid alternatives among numerous countries in Asia with favorable exchange rates for the US dollar. Closely following in value are South American countries: Argentina and Chile are among those offering the biggest luxury bang.

How can I increase the value of a dollar? ›

To increase the value of their currency, countries could try several policies.
  1. Sell foreign exchange assets, purchase own currency.
  2. Raise interest rates (attract hot money flows.
  3. Reduce inflation (make exports more competitive.
  4. Supply-side policies to increase long-term competitiveness.
Mar 3, 2019

How do you make the dollar stronger? ›

The dollar strengthens when interest rates rise, and international investors view it as a safe haven for maintaining and increasing value during turbulent economic times. In general, the strength and value of a currency depends on the demand for that currency.

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