It’s not easy to be tight with money when you have kids, and when they are really young, it’s hard to even know where to start. Here are five tips on how to become a money saving mom and still raise happy, healthy kids, who don’t grow up resenting your cheap ways.
1) Write Out Your Goals
The first step to becoming a money saving mom is to figure out what your goals are. Do you want to save for a rainy day fund, for your child’s college education, or for retirement? Once you know what you are saving for, you can start setting up a budget and looking for ways to cut costs.
2) Start Small
The best way to become a money saving mom is to start small. You don’t have to make huge changes all at once. Just start with one or two simple things that you can do each day to save money.
3) Cut Down on Transportation Costs
One of the best ways to save money is by cutting down on your transportation costs. If you can carpool, take public transportation, or even walk or bike to work or school, you’ll save a ton of money on gas and car maintenance.
4) Shop at Discount Stores
One way to save money is by shopping at discount stores. This can be done by looking for sales and clearance items, using coupons, and signing up for loyalty programs.
You can also find discounts by searching online or in the Sunday paper.
Another way to save money is by using cash back apps when you shop. These apps give you a percentage of your purchase back in the form of cash or gift cards.
5) Create a Budget Planner
The first step to becoming a money saving mom is creating a budget. You can do this by using a budget planner. This will help you track your income and expenses so you can see where your money is going. Once you have a budget in place, you can start looking for ways to save money.