As a mum, it’s hard to keep track of your spending. You want to make sure your family has everything they need, but you also don’t want to overspend. Finding the balance especially when the cost of living is drastically becoming more and more expensive can be difficult.
Here are a few cash-saving tips for mums on a budget:
Tips For Saving Money For Mums
- Get organised and make a budget. This will help you keep track of your income and expenses so you can see where you can cut back. If you need help on how to create a budget, then check out my tips below.
- Plan your meals ahead of time and make a grocery list based on what you need. This will help you avoid buying unnecessary items or expensive convenience foods.
- Clip coupons and use them when you can.
- Keep a supply of healthy snacks on hand at all times.
- If you’re struggling, consider joining a food pantry program.
How To Create A Budget
Firstly you will need to create a list of expenses:
- car insurance
- fuel
- maintenance and repair
- mobile phone plans
- groceries
- toiletries/shaving supplies
- entertainment (music, movies, etc.)
You may find you have more compared to the above list but make sure you don’t miss any out.
Quick Tips On Creating A Budget
While you are creating your budget you need to think about how you can maximize your income. So try to keep your expenses as low as you can. Take a look at your outgoings and see where you can cut back or remove bills completely, only spend money on what’s important like rent, mortgage, utilities and other bills – car insurance – food/beverage minimums for work.
If you have any money left over, then set this aside for savings. This should be a percentage of your monthly income. If you don’t have a savings account then make sure to set one up.
Need extra cash?
Sell what you don’t need: – if you can afford to, sell your old furniture or other things that aren’t necessary – make a list of everything you own and give away anything you don’t want.
Find cheaper alternatives: – when looking for a new car, consider buying used – look at the prices of your utilities and services – look into your insurance plan, if you can save money by changing it or if you want to keep the same plan but lower your rates. There are lots of options available to save some money.
Think of creative ways to make extra cash: – start a blog, start an at-home business, do online surveys. There are many ways to increase your income to help with your household bills.
Finally, savour the change: – enjoy the new opportunities and challenges you are facing. Whatever you are facing, it is never too late to make changes to your financial situation and start making the changes that will bring you the best of both worlds.
In conclusion, these are just a few cash-saving tips for mums on a budget. There are many more ways to save money and it all starts with getting creative and thinking outside the box. So get creative, start saving, and most importantly, enjoy being a mum on a budget!
