Are You a Stay-At-Home Mom? 5 Steps to Financial Security


BANGALORE: Women have different reasons for choosing to stay at home to take care of their children. Some mothers have always envisioned staying at home with the kids, while others might not make enough to cover the cost of childcare. No matter the reason, there are five important steps that every stay-at-home mom can take to protect her and her family’s financial security.

11. Plan birthdays and holidays within budget

Holidays and birthdays are often our weak spots. We do have a tendency to splurge on a spouse or on our children when it comes to these special occasions. But have you ever thought how to keep these events special while staying on budget? Well, first of all, it helps to prepare for them and incorporate them into the budget ahead of time.

Parties don't need to be extravagant. For birthdays, keep the party simple and small. Instead of inviting dozens of friends over, invite two or three close friends. Make the food and party games at home. For kids you can offer them a choice between having a few friends over or going out to an amusement park for their birthday.