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Mom let's be honest the household would fall apart without us right?! Things wouldn't be found, empty boxes wouldn't make it to the trash and no one would remember when the milk was gone! Well, as a stay-at-home mom, I make it my mission to help stretch my husband's paycheck as far as we can. My ‘paycheck' is how much we can put into saving each month. So here are 10 great money saving goals for all of us moms (or dads!) and also make great New Years resolutions.
How do stay-at-home moms save money?
Take advantage of coupons and discounts whenever you can. Grocery stores often offer cash-back deals where you get a certain percentage back when you purchase certain items in bulk or use their store rewards program. It's also worth signing up for reward cards from other retailers like Walmart or Target – this will keep track of your purchases and give you access to special loyalty discounts down the line. Local businesses may even have promotional offers or family discount packages that can help lighten the load on your wallet!
How can a stay-at-home mom set goals?
As a stay-at-home mom, setting money saving goals and achieving them can be an incredibly rewarding experience! Goal-setting is all about self-discipline and focus, two important qualities that will serve you well as you work to manage your family and household. Here are some tips for setting realistic goals that will help you stay motivated and reach success: First, Start Small: When you're overwhelmed with all the tasks of being a stay-at-home mom, it's easy to become discouraged when trying to set big goals. Second, Write Them Down: Writing down your goals (and breaking them into smaller steps) will make them seem more achievable in the long run. Third, Get Organized: As moms we sometimes let our days slip away with nothing accomplished because there was no plan in place from the beginning! Having an organized schedule planned out ahead of time makes it easier for managing everything on our plate while still leaving room for flexibility if needed.
What is a good goal to save each month?
When deciding how much money you should save each month, try to weigh the two sides of the equation – short-term needs (e.g., splurging on that new pair of shoes or latest piece of tech) vs. long-term wants (a house downpayment, investing in stocks and mutual funds). Creating an achievable savings plan is key – if 15% sounds overwhelming, start with 5% and work up incrementally over time until you reach your target goal!
How do working moms save time?
One great way for working moms to save time is by getting organized. Writing down tasks, creating a routine or schedule, using technology like Google Calendar or To-Do apps, and setting reminders for yourself can help you keep track of everything that needs to be done and make sure important tasks don’t slip through the cracks.
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10 Money Saving Goals for Mom this New Year
Cook at Home
This cuts out eating out costs and is a lot easier than you thought. Prepare meals ahead of time such as Freezer Cooking or spend 10 Minutes in the morning and get a meal together in the Slow Cooker and it’s ready at dinner time.
Cut your Grocery Bill
Don’t laugh and tell me that it’s easier said than done! Each time you go to the store take cash and NO credit or debit cards, just leave them at home. Use a calculator and only spend what you have. After a few weeks of getting used to doing that take $5 out of that budget and put it in a jar to save. If you go grocery shopping once a week like many of us you can save around $260 a year just by putting away $5 a week.
Grocery Shop Once a Month
The less you go to the store the less temptation you have to buy extras. If you have the room go shopping once a month. We invested in an extra freezer just for this reason. We bought meat on sale and made a month-long menu plan around what we had. We would hit a few stores during our shopping day including outlet stores.
Following the tip above when you do your once-a-month shopping it's best to make out a menu plan so you are only buying what you need. This will also allow you to use what you already have on hand.
Shop In Bulk
Shop in bulk where you can to save money. This doesn't just mean food, if you go through a lot of paper print-out worksheets being a homeschool family so I buy printer paper in bulk. Buy things like toilet paper in bulk, diapers, wipes, beans, rice, flour, etc.
Hit the Garage Sales
Why buy kids' clothes at full price when you can get practically new items for about 25¢ each at yard sales? ( See how I get my kids clothes free) You can decorate your house on the cheap as well. You can also find some great items to flip for a profit! (See Thrift Store Find Worth Money)
Related: How to Have Successful Yard Sales
Skip the Expensive Toys
When your kids are young there is no need to spend money on expensive toys. They love boxes and using pots and pans with your wooden spoons long with Tupperware. My 1-year-old LOVES playing with my Arts and Crafts Pom Poms. She puts them in and out of a plastic bowl among other areas!
Leave Your Wallet at Home
Heading to take the kids to the park? Just take your ID and leave the wallet. You won’t have the temptation to spend money on that cup of coffee or grab lunch instead of heading home to make it.
Learn to Mend Your Own Clothes
Buying a cheap small sewing kit and replacing buttons at home, fix a small tear.
Related: 40+ Ways to Upcycle Old Sweaters
Money Savings goals are a great way to stay on track with your finances. By setting aside money each month, you can make sure that you're doing your part to save for the future. There are a lot of different ways to save money, so find one that works best for you and stick with it. Saving money is important, but it's not always easy. With a little bit of planning and effort, though, you can reach your financial goals.