Money Matters

Financial Survival Part III: Food, Budgeting and the Clothing Bank

The Tips Challenge Continues…What are your tips for financial survival? Send the Family Care Office your tips and be entered into a draw for prizes!

The beginning of term is just around the corner, and so it our popular Financial Survival Workshop on January 29th. Let’s continue with some more advice on how to save money, time and sanity…

My tip? Freeze everything and anything. Old bananas — Freeze them and defrost to make banana bread! Sale on butter — Buy as much as you can carry and freeze it. Make huge batches of vegetarian chilli or a hearty soup and freeze them in zip lock bags.

Maria from the Family Care Office: I use envelopes for budgeting. Every month I put a set amount of cash in an envelope and this must last for the entire month. It is an easy way to keep track of spending.

Another tip: Buy a roasted chicken from the grocery store. Separate the meat and put the bones in the oven. Once they start to crackle, take them out of the oven and make broth. The white meat can be used for salads and other meals, and the dark meat for a soup.

And one more: Need some clothes for the little one? Children quickly grow out of their clothes, so it often makes more sense to do a clothing exchange with other parents or use the clothing bank. The Clothing Bank at the Family Resource Centre has jackets, sweaters, shirts and pants for kids from 6 months to 4 years. Just come to the the Family Resource Centre (in the basement of Glen Morris Early Learning Centre) during open hours or at the next Saturday drop-in (January 26th).

What are your tips? Email us at family.care@utoronto.ca with your saving tips and your name will be entered for a gift card prize draw! We’ll also share your tips on the Family Care Office Blog and at the Financial Survival Workshop on January 29th.