but if you’re not, it’s time to create one. How To Create the Perfect Schedule | For Homemakers, Stay at Home Moms and Career Ladies alike - Duration: 7:07. Did you know that you can make a good living by selling products on Amazon? Now that your budget is in place, it’s important to look at another area of your finances. 13 Ways For Stay at Home Moms to Save Money I was a shopaholic who visited the mall and/or Target at least once a week. My husband and I have never had cable in the life of our marriage. The price may vary depending on where you live, but when you quit your job to become a stay at home mom you will undoubtedly save money by keeping your kids home with you. After I became in charge of full-time baby care, I never felt self-conscious about not bringing in a paycheck again — mostly because I didn’t have time to feel self-conscious about anything (judges at least let you take bathroom breaks; toddlers burst through the door screaming). If you’re interested in freezer cooking, How to Find Time to Clean Your House When You’re Busy. Being a one-car family will take a lot more planning on your part (if you or your kids have appointments, you will need to plan in advance so you can drive your husband to work that day), it will save you a significant amount of money. So, how did we budget our money so I could become a stay-at-home-mom? We paid off debt before ever even thinking about kids, and it put us in a good position for me to stay at home.  After we read the book, The Total Money Makeover, we paid off our debt and never looked back.  Best.decision.ever. (. (Click here to learn more about becoming a virtual assistant.). 2. If it’s an option for you and your family, consider the thought of downsizing your house. Designed by Elegant Themes | Powered by WordPress. (It costs more to heat and cool a big house than it does a small one.). If you’re looking at the budget you have created and you see that you have more money going out each month than you have coming in, you will want to look at your monthly expenses and find places that you can cut costs and get rid of bills altogether. Hello! This step of fine-tuning your finances is important because it makes you aware of places that you can actually save money that you never knew existed.  $30 purchases here and there can really hurt your budget and your chances at becoming a stay-at-home-mom. Transportation. Find out how much. When you consider working from home, make sure that you consider what it was actually costing you to work outside of the home.  For example, you won’t have to pay for fuel to get to and from work and you definitely won’t need to purchase a work place wardrobe. It’s got the best AI. If your family is small enough to fit into a car and you don’t need a truck to haul anything, downsizing from a truck, SUV, or van to a car will save you a lot of money in fuel costs each month. If they can’t offer you a lower rate, you can start to shop around and see if any other companies will offer you lower rates. Becoming a stay-at-home-mom doesn’t have to stay a pipe dream for you.  When you really look at your budget and the (sometimes) extra things you’re spending money on, you can get a clear picture of your finances and where to cut expenses. I’m going to tell you a big fat secret about being a stay-at-home mom: Schedules are totally overrated. |. Even if you don’t think meal planning is right for you. I am not a stay-at-home mom yet but once I have kids, its my dream! There, I said it. , but if it’s the very thing that helps you afford to be a stay at home mom, it’s more than worth it. No more having to spend hours trying to find a single dinner idea. it at first. If you have done all of the above suggestions, and you can’t quit working completely, consider a side hustle to supplement your household income (or replace your income totally!). Maybe it is at the top of yours. You have to be willing to put in the work to bring this bill down. I understand that some people do need to have a truck, SUV, or van for various reasons, but if your family. You may be able to get a lower rate on your phone bill and insurance by making a quick call to the company, explaining that you’ve been a customer for theirs for however many years, and asking if they can offer you a lower rate. I’d love to hear your stories! Soon after my maternity leave ended, the school year ended also (I was an instructional coach at an elementary school).  I took on a part-time job working for my brother-in-law’s company.  By the time my daughter was 16 months old, I was staying at home full-time. (for free). If it’s an option for you and your family, consider the thought of downsizing your house. It’s no lie that having two cars is just easier. Honestly, I never dreamed of being a stay-at-home-mom.  I was on a fast-track to the top of the career totem pole and had zero (and I mean ZERO) intentions of staying at home with my future kids. Get dressed. Also, be familiar with everything in your pantry before going to the store. How to become a stay at home mom on a tight budget. Basically gather everything that shows money coming in or going out. Related Post: How to Budget When You Want to Become a Stay-at-Home Mom Follow a daily rhythm. ), and I have been loving it. Really, I had NO idea how to afford to be a stay-at-home mom. How i budget being a stay at home mom! While being a one car family is definitely more work (if I need the car for the day I have to drive my husband to work and plan my schedule so I can pick him up on time), it has been very worth it for us. Moms who dread dropping their kids off at daycare every day but have to because they don’t see any possible way to make it by on one income. Stay at home moms can save money by cooking wholesome, homemade dinners every night for their family to enjoy. HOW to make money as a stay at home mom – so I can actually afford to stay at home with my baby? Tips for Stay at Home Mom on a Budget. Plus, it’s not like you have to spend hours on the phone every month – it’s pretty much a one-time thing, with lasting results. need one, selling that vehicle and getting a car will help you be able to afford to be a stay at home mom by cutting costs. I’ll show how below the list of work at home jobs. Wait until there is a full load of laundry before running the washer. You can easily make $15 per hour with most of the more beginner stay-at-home mom jobs. Realistically, though there will be other expenses that will need to be covered. If you have a knack for reading, becoming a proofreader could be a good way to earn some extra income from home, while being a stay at home mom. But hold on, are you currently contributing to your 401k or other retirement accounts? When you become a stay at home mom, you get to say goodbye to your commute and hello to more time and money in your life. But, this bill isn’t going to magically drop in its own. Don't let things expire, and plan meals around food items you already have. Create a budget… and actually do it! Do Not Sell My Personal Information    Contact    About. So I continued to stay home for a while. Like, it didn’t even seem possible or within the realm of reason. Even if the process of paying off debt is slower, it is totally worth it to be able to be more financially free AND stay at home with your kids. Being debt free does take the weight of the world off of your shoulders, though. A frugal stay at home mom shares her best tips for stay at home mom budgeting and saving money – so you can be home with your kids instead of away at work.. Take your current income and subtract your work and childcare expenses. By shopping around for better rates you could save yourself a couple hundred dollars a month. If that's you, follow these seven steps for altering your budget and making your new job as a stay-at-home parent a financial success. I ’m so excited to share something dear to my heart with you Affording Motherhood followers – SAVING MONEY! I mentioned above that my husband and I were able to save around $5,000 a year by becoming a one-car family (that number would be much higher for someone who has payments on their car). (. Downsizing your house, your car, boat, and any other property that is costing you money (or has great value and is paid off), could be the answer to you becoming a stay-at-home-mom. What Stay-at-Home Moms Do All Day . If you currently stay home or are considering it but aren’t sure how to afford to be a stay at home mom, read on for tips on saving money and lowering your budget. A budget will help you see exactly how much money you have coming in every month (it’s a good idea to create a “mock budget” before you quit your job. Whether you are a career woman or a born to be homemaker (pre-kids), things change once that baby looks at you for the first time. Formula costs at least $30 per week. This is the course I took that helped me take my blog from earning nothing a month to earning a full-time income in one year. Whether you need a mom schedule during quarantine or you are just ready to get your days back on track, you will want to use these ideas to help you thrive as a mom. Do you. If you want to start a selling business from home, click here to sign up for a free course to help you get started. We are excited to share with you ways to save money as a stay at home mom as well as how stay at moms can budget. Make the most with what you have without spending tons of money. Shopping around and spending hours on the phone with several companies doesn’t sound. This job is no joke. ). There was an error submitting your subscription. (Disclaimer: this post contains affiliate links) Becoming a Stay at Home Mom. You’ll want to make your budget before you quit your job to make sure you. Supplementing your husband’s income by utilizing your skills to bring in a small income from home is one way many stay at home moms make it possible, even when finances are extremely tight. It breaks my heart when I hear of moms who long to stay home and raise their kids, but can’t afford to because of their family’s financial situation. 1. This mock budget would be created as if you were living off of one income already by only accounting for your husband’s income on the budget), and exactly how much money you have going out every month. None of this 250$ / month stuff. make it by on your husband’s income alone. My husband and I have been incredibly blessed and I have been able to be a stay at home wife for many years now, and just recently as our family grew, I have been able to be a stay at home mom. (Which will help you afford to be a stay at home mom!). There was no way around it… I was going to need a flexible stay at home mom job. had cable in the life of our marriage. When you start implementing some of these tips, it is incredibly empowering when you start receiving results. Unfortunately, this choice may not always be practical. Carrie L … You can also use a service like Amazon Prime to watch TV shows and movies. (Sign up for a free proofreading workshop here. Libraries often offer a lot of free activities for kids, which is a great opportunity for you to meet new moms in the area, or drop your kids off and have some you time (plus, it doesn’t cost a dime). (Plus, I have way less stress this way. So it was with my journey toward becoming a stay-at-home mom. Many moms who work find it to be too stressful to deal with pumping. I would end up going to the grocery store more than once a week (I would often go several times a week), and I would buy clothes and other items that we didn’t need just because I was in town and… why not? , are expenses like housing, transportation (but, being a, usually a need), and food (but you should look into. (And a legit one that actually makes REAL money. Gather all of your bills, paycheck stubs, receipts, and bank statements. But, if you really want to become a stay-at-home-mom, it’s important to look at where else you can cut your spending so that your budget works. And The Common Cents Club is all about helping you confidently take control of your finances, your future, and your freedom. Another option is selling products on Amazon. It also shows you where your money is going, and it allows you to see where you can cut costs every month. Plus, finding new free things to do has been a fun challenge. This website uses cookies to ensure the best experience possible from our site. Since we can’t afford to pay for many activities, we’ve been extremely thankful for the number of free activities there are around. This results in grabbing take-out for the family for dinner more often than necessary, simply because they’re too exhausted to cook. Most stay-at-home moms are looking for simple ways to improve their financial situation for their families. I was able to lower my cell phone bill by making a simple phone call to the company. Ten days after I graduated with my Masters degree, I had my first baby. (I don’t blame them! 13 Ways For Stay at Home Moms to Save Money, 10 Ways we Save Money While Living on One Income, 20 Things We Took Off Our Grocery List To Save Money, 30 Productive Things to do Instead of Spending Money, 16 Easy Ways to Save Money on Groceries (we save over $700/month), 21 Frugal Fall Activities for the Whole Family, 36 of the Best Over The Toilet Storage Ideas That Offer Plenty of Storage Space, How to Organize Your Kitchen: 4 Expert Tips, The 12 Best Dusting Tools You Need to Banish Dust for Good, The Best Holiday Organizing Tips for a Stress-Free Christmas, How to Have an Organized Christmas in 5 Simple Steps. In fact, meal planning saves us $700/month on groceries alone (and we’ve lowered our eating out costs by strictly following our budget). 5 Stay-At-Home Mom Budget Tips. Click here to get on the waitlist. Google for Jobs is the best search site to find jobs for stay-at-home-moms. 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