Money Saving Advice

Image by vidalia_11 via Flickr

Budgeting is truly the turf of most mothers. Aside from the traditional role imposed on mothers as the one who budgets the family finances, mothers have the instincts and foresights on what might happen in the future.

But how do moms really stretch the budget? She doesn’t use complicated formulas or magic tricks but instead uses simple ingenuity and common sense. Peek in through moms’ budgeting secrets and learn. Role modeling is a good way to encourage attitude, especially towards money.

1.    She clearly knows where all the money goes. Usually it goes to child care, housing, health insurance, food and clothing. It is unlikely for her to cut cost on her children.

2.    She reviews all options given to her in terms of child care. Before she decides, she examines all aspects like safety, health and education.

3.    To understand more, she talks to local child-care specialists and works out schedules with her employer for bonding time with kids.

4.    For working moms, it is double the effort. They take care of the house and the children and at the same time work. She incorporates practical ways to accomplish both roles.

•    Wearing professional clothes than trendy ones.
•    Stays elegant through a combination of basic colors rather than the latest up-to-date fashions.
•    Dry cleaning costs a hefty amount, so, she dons on wash-and-wear clothes.
•   Buys evergreen accessories instead of expensive ones.
•    She engages in a lot of do-it-yourself habits like in cleaning spots and ironing wrinkles in her personal wardrobes.

5.    Moms always shop with a list in her hand to keep track of her budget and expenses. She makes sure she does not exceed. Also, she has no time for checking out tempting stuff at the shopping mall.