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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Budgeting Your Way to Good Money Management


Many of us want nothing more than to be able to manage our money efficiently. All things considered, the money we want to manage is money that is oftentimes, hard earned. This is where a budget can be of enormous assistance. A budget executed properly should help you see where your money is going, help you get more utility out of every dollar and help you save extra for future use.

The first smart secret to budgeting is to set a goal. What do you want to achieve? Do you want to correctly appropriate your income into bills payments? Do you want to put an amount aside for a big purchase or a huge investment? By having a goal, you will be able to shape your budget to best serve your interests.

Secondly, you would want to take note of where your money usually goes. This includes bills, major but regular purchases (like grocery costs, healthcare costs, and the like), and everyday miscellaneous purchases. Only when you list down where you know your money usually goes will you be able to identify which expenses you can do without. Once you’ve identified these regular expenditures, take into consideration what you can cut back on.

How much do you spend on your daily caffeine fix in the morning? How much do you spend on newspaper deliveries to your front door? The measly $2 or $5 of these small purchases cumulatively translates to more than $3600 a year! Instead of buying your expensive latte or reading the newspaper on print, put aside the amount you would usually pay for these small routine purchases in a small container. You will be surprised at how much you’re saving out of your older budget.

Being indebted is a vicious cycle on its own. You’re talking about continuous payments, not to mention high interest rates. The best way to deal with this is to pay the minimum on all of your debts in order to avoid paying extraneous late fees. Whatever cash excesses you may have, you can opt to add on to the payments you make in your biggest debt. This way, you are concentrated on getting the biggest debts first that cost you the greatest interest rates. Doing this progressively, you’ll be amazed at how much you’ll get off your huge debts.

The last and most important step is to jot down the amount you earn the sum you spend. You can make use of computer cash management programs, or make database sheets of your own. Make a system that works for you and will help you keep track of your monthly budgeting progress.