One of the most daunting aspects of beginning the journey of motherhood is financial concerns, such as how to stretch your budget now you have an extra mouth to feed. Fortunately, because most money saving is simply a case of breaking bad habits it is possible to make some serious savings without making too many drastic changes to your current lifestyle. Below are some of the top tips from moms who have found creative ways to save their money.
Make It Impossible to Spend Too Much
Whenever you head out to the store, plan and cost your trip in advance and only take with you the money that you’ll need to get what you plan for (if you’re really worried, take a few extra emergency dollars), this will immediately prevent the majority of impulse purchases, which are where most of us spend unnecessarily. It tends to be the things we think we need rather than the things we actually need that end up costing us the most money.
Turn Your Lights Off, Save Money on Your Bills!
Most money saving is a case of breaking existing bad habits, and as far as bad habits go, this is one of the big ones! By turning off the lights, and other appliances, when you leave a room, you can make some serious savings with little effort. You should constantly review your bills and your energy use to see what areas you can make some savings in and where the inefficiencies are.
You can also make some savings on the money you pay on monthly bills for your phone and internet service. If you’re a long-time customer of a particular provider for these services, get in touch with them and see if they would be prepared to offer you any reductions or special offers as a long-time user. You should also check with these companies what exactly you are being billed for, as many people are unwittingly paying for services that they never use.
Consider Studying an Online Degree
Online degrees are a great way to save money and they offer a number of benefits to new mothers. Initially, a degree is a lot to take on and it might seem unfeasible to complete one while raising your child through the first few years of their life, but many online degrees offer great flexibility with regards to timescale and workload. Online degrees are available for any subject imaginable, from master of public health degrees to degrees in languages or mathematics. Should you choose to study a subject such as an MPH degree, you will also be setting yourself up for a lasting career when you feel ready to start working.
No matter how well your money saving efforts may or may not be going, you should always be prioritizing your spending and getting the most important stuff like the weekly or monthly grocery shop out of the way sooner rather than later.
By following these simple steps and implementing some sensible measures of your own, you’ll be well on your way to bulking out your purse and making significant savings on your everyday expenses.