Mom's on a budget
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- Start off by figuring out what your total monthly income is. (If you tithe' take 10% of your total income)
- Next add together all of your monthly bills. (Don't forget to add bills that may be every 3 months. For us this is water.)
- Subtract your monthly income minus your total monthly bills. This way you have an idea of what will be left each month.
- Decide how much you will need for groceries.
- Decide how much you will need for gas.
- How much will you need for car repairs, regular car maintenance; such as oil changes, new tires, brake pads, etc.
- What about birthdays, anniversaries, etc.
- Do you have a savings account? If so how much will you put in it, and how often?
Once you set a budget stick to it!
You have to expect that gas and the price of groceries will rise and fall. But how do you plan for that? Here are a few ways.....
- When you grocery shop, don't be afraid to shop around. Make a list of what you need. Check sale ads for the best prices. There are a few websites that will actually put the coupons and sales together for you. How simple is that? They do all the work and you just shop. You can print coupons here!
- Match sales with coupons! (See above)
- Stock up when you have rock bottom prices and coupons. When you stock up you won't be forced to pay high prices when you run out.
- Menu plan. When you have a menu plan, you're not scrambling at 5p.m. wondering what to cook. You're also more likely to cut down on fast food which is healthier and saves you money.
- Crock Pot meals. Save times when you can simply put everything into your crockpot and walk away. You could get so much done while dinner is cooking without having to babysit it.
- Freezer meals. This goes hand in hand with menu planning and crockpot meals. You can simply take something out of the freezer and pop it into the oven and it frees up more time. Same goes for crockpot meals. (NOTE: thaw meats and poultry in the fridge first to keep from causing any illness).
- Shop at thrift stores or second-hand stores.
- If you sew you can mend or patch your clothes to help them last longer. If you're really good you can even make your clothes. (I'm not that talented)
- Hand-me-downs are great, not only for kids but adults too!
If you have no idea how to set a budget and can't afford a financial advisor, maybe you could ask a friend or mentor for help.Check in once in a while and let them know how everything is going and don't forget to thank them for their help.
You might also read these books:
- Dave Ramsey The total money makeover.
- Crystal Payne The Money Saving Mom's Budget .