I love it when a lovely reader asks me a question and I say thank you, that’s a blog post sorted. Just take the lovely Kimberley who emailed me last week. Her maternity leave will be coming to an end and she isn’t ready to go back. She wanted to know if I had any tips for making money and saving money so that she can stay home. I’ve written a few blog posts on it and it’s funny how I thought just having one child was expensive or when the twins came along that our expenses went up. Family budgets and our situations are always changing and we all have different financial circumstances. But I’m sure that Kimberley isn’t the first and won’t be the last person who looks for a way to stay home a little longer with a little one…or little ones.
And I stumbled on this post a while ago written by an american blogger about saving to stay at home. And on her facebook post she mentioned this post. I hope you enjoy money saving tip 49 as much as I did. But some great tips in there that some of you will see as obvious but so many of us take things for granted and pay for things that we could easily cut out and not really notice. Except the toilet paper. We are keeping the toilet paper.
My first tip is to look at your spending first. For me I use my credit card for almost everything and then clear it at the end of the month. It’s an easy way to see where you are spending, I reduced my limit significantly after I closed my fabric store and I can’t get into any trouble with a low limit on it. I use it for all of the therapists and medical appointments, swimming lessons and activities, groceries, post office, clothes, you name it if it can go on there it does. It saves in ATM fees because for the life of me I can never find my bank’s own ATM when I am out and about and I don’t really carry a lot of cash on me. Probably because it doesn’t last. And of course the key is to clear it each month if that works and you can be trusted with it and you can see where your money is going. When I was particularly frugal at various times working in the bank and saving hard I would write down my expenses, including all those little things. Amazing how it all adds up.
Now on the making money side of things I’ve written a few posts over the years and my favourite is still Working from home when you have little ones.
Now over to you….what is your advice for my lovely reader or perhaps your experience. I’d love to hear.