Skip to main content

Featured

Effective Parenting Strategies: How To Raise Firstborn Children The Right Way

     When it comes to parenting, there is no one-size-fits-all approach. Each child is unique and requires different parenting styles to thrive. However, firstborns often have a special place in the family dynamic, and their upbringing can have a significant impact on they turn out in future. In this post, we will explore the unique challenges and opportunities that come with being the firstborn in a family. We will provide practical tips and strategies for parents to help their firstborns develop into confident, responsible, and successful individuals. Whether you are a first-time parent or have several children, we will provide valuable insights into raising firstborns right. From setting clear expectations to avoiding common pitfalls, this article will equip you with the tools you need to help your firstborn thrive.  Have you read Parenting and the Curse of the Firstborn? Understanding Firstborns Firstborn children hold a unique position in the family dynamic. Th...
Post a Comment
Read more

Savings and Money Making Tips For Moms

A woman holding a piggy bank on one hand and saving a money in it with the other

     Finances are a huge part of our lives and the more we learn about them and become adept at handling them, the easier it would be for us to build our finances. Saving money is often the first step toward building a stable financial future. As moms, we are acutely aware of how limited our income is and no matter how we try to stretch and scrimp, we still have some needs we are unable to meet. Coupled with the inflation rate, our basic needs seem to be way out of our reach.
     
     There are several steps you can take even as a stay-at-home mom to build your finances whatever your capacity at the moment. Don't you find it strange that no matter how much our income increases, we never seem to be able to keep our spending in line? Setting some money aside as savings, investing and controlled expenditure are some advisable steps to take towards building a future you desire. And while you are at it, teach your kids too. Money management for kids should be taught early in their lives so they can make informed decisions in their adulthood. Our prosperity as families depends on the personal financial prosperity of each of us as individuals.

Savings and money-making tips

  • There are many avenues available to earn money whether you are working full time or you are a stay-at-home mom. From every income you earn, no matter how little, keep at least 10% for yourself. You will find out that you will manage just as you did before when you used up everything. Little by little, it will amount to a large sum.
  • Controlling your expenditure is the next step. Some things you consider necessary are things you can do without. Besides, no matter how much you spend, there will always be the desire for more. That inexpensive stuff you throw into your cart just before you check out can amount to a lot of money over time. Go through your shopping list and reduce or eliminate items that are unnecessary and demand 100% value for money spent. When you budget, you will be able to separate needs from desires and discover those 'leaks' that drain your income.
  • Invest your money in a profitable venture. You could start a side hustle, buy stocks, loan it for a fee or even a fixed deposit at the bank. Mini importation is also a good way to put your income to good use. The money you save is but a start, putting it to work for you and earning more is how you build a fortune.
  • Protect your savings and investment from loss. Opportunities will show up promising large sums in return but it will turn out to be a fluke. It is often said that misfortune loves a shining mark. Study carefully before you part with your money, do not loan it to anyone who does not have a reputation for paying back and seek advice from those who are experienced in handling money for profit. 
  • Plan towards having your own home. You will save a fortune on rent, reduce your cost of living and you will have more money available for more investments. 
  • Save for retirement. You will not always be young and able to work and you may also desire to leave an inheritance for your children. Investing in real estate is a safe bet because the land is permanent and increases in usefulness and value in the future. No matter how profitable your business and investments may be now, do not neglect to plan for old age.
  • As you work to increase your income, do not stop or come to believe that you have arrived. The reasons more people succeed than you do are simple - more interest in their work, more concentration on their tasks and more persistence in their effort. The more you know, the more you earn.
  • Be financially independent. Take responsibility as an adult and as a parent. Do not leave your future in the hands of another person.
  • Buy items when they are on sale in bulk. 
  • Buy food items from village markets or farmers' markets. You will not only be getting fresh produce, but you will also be able to buy a lot more for less.
    If we give careful thought to these tips and apply our efforts and abilities, we will achieve success by acquiring money, keeping money and making it earn more for us. 

    We would love to hear your thoughts on this matter, please drop your comments and feel free to share. Thank you for reading.

You may also like: 
I'm Rachael, a wife, mom and an entrepreneur and I love to share my experiences with other young moms as we navigate this sometimes turbulent waters of family life and raising children, learning to be financially independent while also anchoring our faith in God.

Comments

Post a Comment

Popular Posts