Being a mom, you need to keep your family well taken care of in terms of their finances, food and all that other stuff that comes with being mommy. Most times, you find that spending time with your kids can stretch the family budget way beyond and you don’t want to go there every time. If you are a stay at home mom, saving each penny is more important because you are living off on one paycheck. That has been my case.
Recently, I had to quit my job to take care of our two boys. This means we are now four people depending on one pay check. I can tell it has not been easy living off my husband’s pay check when we can barely afford it, but I would never trade all those magic moments I share with my little boys as they grow up.
So here are the things I’m doing to save my family expenses. You too can!
Making my own toys
I know you are probably wondering how you can get time to sit down and make a toy while you barely have time to shower. Well, it’s actually possible to have some spare time if you plan your day ahead. By making your own toys, you get double fun with your kids. The kids will enjoy the time spend making crafts and they will also have a new toy to play with once they are done.
As a mom, you can save lots of money on groceries. When you use coupons, it’s usually like you have been given a bag of money absolutely free of charge. Coupons can now easily be found online apart from the newspapers. So grab that opportunity. They are not only limited to groceries. You can use them for computers, clothes and so many other things.
Avoid eating out often
Having one lunch or dinner out every week provides something for the kids to look forward to. However, it’s good to limit it to just once in a week or even twice in a month. Still, you don’t have to go to the most expensive restaurants.
Go to the ATM only once in a week
Pick a particular day in the week to go to the ATM and withdraw your week’s cash. When the money runs out before the week ends, then it’s gone. Do not visit the ATM again. If there is any money left, keep it and take out less money in the week that follows.
Buy in Bulk
Form a group of moms in your area and go to the market and buy in bulk, that’s what I do with a couple of my friends. We like to shop at wholesalers and then divide the stuff among ourselves when we get home. This way, we are able to save lots of money.
As a stay at home mom, I have learnt to distribute the little money that my husband makes and even have some left to save for a rainy day. Are you are working or stay at home mom? What are your top money saving tips? I’d love to hear from you my readers!