Before we had our first child 9 years ago, we were used to living on two really nice incomes. We both had professional jobs and no debt other than student loans and car payments, and we really had no commitments to anyone other than ourselves. We traveled wherever we wanted, ate out at restaurants often, and didn’t really give much thought to saving or scrimping because we didn’t feel the need to do so whatsoever.
When we decided that I would be a stay-at-home-mom when our daughter was born, we were in for a super rude awakening! I went on a long journey of figuring out the money rules of our new life. Lots of worry about how we were going to afford a baby on top of everything else. We didn’t realize just how much our life was going to change in every way, including finances!
There are so many things a new mom needs to know about family finances, and over the years I’ve tried to write about those lessons on the blog. Whether you need to know about saving money or making money from home, I’ve got you covered.
My blog can help you navigate this tricky landscape of affording baby expenses, experiencing higher insurance costs for a family, living on less money (if you went from two incomes to one), saving for your family’s future, and even figuring out ways to make extra money when you need it.
I don’t want to overwhelm you all at once with so much information you couldn’t possibly process it, so I’m going to start with some of my favorite, basic pieces of financial advice for new moms. These are all things I wish someone had told me about when I became a new mom, so I didn’t have to figure it out the hard way. But, heh, if I had to figure it out the hard way, I probably wouldn’t feel compelled to share this knowledge with you, so I guess everything happens for a reason! 🙂
Money Management Tips for New Moms
I have written a lot of articles on this subject over the years. These are my favorites for narrowing down on expenses and prioritizing your expenses.
Get Started Before Baby Arrives
If you are about to have a baby or just planning on one, then my best advice to you would be to NOT PROCRASTINATE on getting your finances in order.
Nine months seems like a long time, but it flies past and next thing you know, the baby is in your arms and all your spare time is gone. It takes time to get into the swing of things and make these money saving tips into your new way of life.
You’re going to have enough on your plate with a newborn. Don’t let money issues encroach on your new mom bliss 🙂