Every year, most families spend more and more money and not just because the cost of living increased therefore saving less and less than well. One theory is that few household managers spend a lot of time examining costs and expenditures to find ways to save money. Almost every family, however, has areas where expenses can be cut and pennies can be pinched, and if those released funds are then used to pay down debt and save for the future, their quality of life will have an extreme impact.
Food is one major field where it is possible to be more thrifty for many families. According to the Consumer Spending Survey of the US, families spend an average of $2,434 on food away from home. If you and your wife and kids eat lunch every day of the week, then try at least one of those days of brown-bagging. You can save up to $400 a year if only one of you does it, and if you can double or triple those savings, you might finance a family holiday with it.