Trying to Emulate Mom’s Budgeting Strategy

Family budgeting has once been – and probably still is in most households – one of the most important tasks undertaken by most of our mothers. Once upon a time Dad would bring home the paychacks and Mom would have to make them (monthly earnings) cover all household expenses. Aside from the traditional role imposed on mothers as the one who budgets the family finances, mothers have been blessed with instincts and foresights that other family members lack.

But how does Mom really stretch the budget? She neither uses complicated formulas nor magic tricks but simple ingenuity and common sense. Peek in through moms’ secrets in budgeting and learn a little about how she does it. You may even think it wise to emulate her since role modeling is a good way to encourage attitude; especially towards money.

1. She clearly knows where all the money goes. Usually it goes to child care apart from the housing, health insurance, food and clothing. It is unlikely that she will cut cost on her children.

2. She studies all options given to her in terms of child care. Before she decides, she examines all aspects like safety, health and education.

3. To understand more, she talks to local child-care specialists and works out schedules with her employer for bonding time with kids.

4. For working moms, it is a double the effort. They take care of the house and the children and at the same time work. She incorporates practical ways to accomplish both roles.

  • Wearing professional clothes instead of trendy ones.
  • Stays elegant but simple through a combination of basic colors.
  • Dry cleaning costs a hefty amount, so she dons wash-and-wear clothes.
  • Tone down on accessories.
  • She engages in a lot of do-it-yourself habits like in cleaning spots and ironing wrinkles in her personal wardrobes.

5. Moms always shop with a list in her hand to keep track of her budget and expenses. She makes sure she does not exceed. Also, she has no time for checking out tempting stuff at the shopping mall.

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Understanding and Living the Frugal Lifestyle


The word “frugality” has left a more negative connotation for most people than simply being a saver, a cheapskate and tightwad are descriptions that accompany the word frugal and used to define an individual who is merely trying to save money. There is a thin line difference between saving and too much frugality to the point of being awkward and ridiculous. This is where the negative connotations come from.

However, if you are guided with the right principles and reasons in deciding to live a frugal life, you would never go wrong. If you have decided to live frugally, no need to be worried about insults. Keep your head up high. And keep your focus on your savings goals with these tips.

1. Eating Out – Having a little fun with friends on a Friday night is fine if you do it once in a while. But this can be expensive if you add them up at the end of the month.

2. Clothing – Naturally, if you are the kind of person who adores signature and designer clothes, do not expect that there to be anything left of your take home pay. Instead of being trendy, wear clothes that can easily be matched with your other clothes.

3. Own Home – If you are planning to move out and find a place to settle, do not be overwhelmed by the excitement, instead be practical. As a start, buy a smaller house or try other ways like rent-to-own, do-it-yourself arrangements, and owner financing.

4. Buying Your Own Car – Shy away from sports cars or SUVs. Just stick to your purpose of buying a car which is to transport you anywhere you need to go. Check out also program cars like a new car warranty. Maybe this is not just the best time to replace your car with a new one.

5. Shopping for Groceries – As much as possible do not go with items that are branded. Choose non-brands and try looking for items on the highest or lowest shelves for best prices. Grab the opportunity and shop during sales or use coupons.

6. Family Out – There are inexpensive ways to bond with your family and be entertained like going to libraries, local parks, malling, picnics, visit friends and your local church.

7. Buying School Supplies – Stock school supplies at home and do not buy anything fancy.

8. Be content with what you have and try to live within what you earnings (or means).

9. Plan your Child’s College Education – Teach them the ways to be independent and self-supporting by encouraging them to apply for scholarships and “on campus jobs”.

10. Be Aware of your Financial Limitations.

11. Anticipate your Failures by Planning – Have always a budget plan so you would avoid impulsive buying.