Every day, working mothers have to face the challenge of balancing their careers and their families. This means that they have dual duties to perform. Apart from that, working mothers are also the household managers as well as the budget planners, which means that the burden of money saving, too, falls on their shoulders. However, the mountainous task of money saving can be made simple by following the simple tips given below.
The following are a few ways to save money while you are busy working:
1. Cutting down on the unnecessary expenditures
By cutting down on the unnecessary expenditures, you can save a lot of money. An important thing to do for this is the prioritizing of your needs, spending accordingly, and never buying things on impulse. You should not visit your nearby malls or bazaars unless you really need to buy something or you may end up buying unnecessary things that you did not actually need. Working moms may use their free time during their lunch or afternoon breaks to make trips to the nearest mall and as a result, may end up buying something or the other, which they do not need. Other such unnecessary expenditures include frequent trips to the movie theatres, spa treatments, eating out each week. Though these may provide pleasure, but you end up spending a lot of money on doing these things. Finding cheap alternatives will help in saving money.
2. Saving money on lunch
Another great way of saving money is to bring your lunch from home. There are various diners and restaurants around workplaces but eating out every day will make you spend a lot of your hard earned money on just lunch itself. This, however, does not mean you miss out on having lunch with your friends. Asking your colleagues to join you in bringing lunch from home will ensure that all of you save some money and also not miss out on having a great time together.
3. Picking up free coffee at the pantry over buying at expensive coffee shops
Although coffee may not cost a fortune, but if you spend money on little things every day, it adds up to a huge amount by the end of the month. Free coffee is available at most companies from their pantry. You should take advantage of this and drink free coffee rather than buying a premium cup of coffee from expensive coffee shops every day. And if your company does not have a pantry then you can carry your own cup of coffee to work that you made at home.
4. Cutting down on land phone bills
You can save a lot of money by cutting down on your land phone usage. Mobile phones are much more convenient to use than land phones and they cost much lesser. So cut down on your usage of the land phone if you own a mobile phone. This ensures you save up to a minimum of $40 each month. Using your mobile phone or VoIP services for making free calls will make you save up to a minimum of $400 per year on your phone bill.
5. Setting aside some money every day as savings
If you make it a habit to set aside some money every day, according to your salary, and put it in a piggy bank, you will end up having a considerable amount of savings money left with you by the end of the month. This money can be used to pay bills, or for Christmas shopping. Hence, you will not have to wait for any special bonuses for spending during festive seasons.
6. Earning a little extra cash
A working mother can easily earn a little extra cash for herself from investing and trading in binary options. It is an upcoming sector of investment and is gaining popularity for being quick in its returns and being easy to understand and handle. There also exists many web sites to help you choose the best binary options, as per your choice and preference.
