The frugal mommy

I absolutely love to spend money, but I love to save money even more. Finding the balance is key. It’s so important to have action plans to secure your financial future. 

Even before I had my children, I’ve always been cautious of how I spend my money. Now that I have children—my frugal ways have been amped up by ten. A lot of people think being on a budget means to have less quality and product, and that’s not always the case.

Saving and managing your finances can be simple. It’s really what you make of it. Here are my tips on managing your finances, and also how you can make a few extra dollars.

Ball on a budget. Know what your priorities are! Learn to live and spend within your means. Set a spending limit! Once you know your spending limit track your spending habits.

Open more than one savings account. Personally I have a savings account for myself and my children. I find that differentiating the two helps me to better monitor and work toward my financial future goals I have for each.

Use only the ATMs of who you bank with. Those transactions add up. Using the ATM of another financial institution once a week might seem like no big deal, but it’s costing you $3 for each withdrawal, that’s more than $150 over the course of a year. Think about it!

Become rewards members to your favorite stores. The stores I’m loyal to, like Baby Gap, Zara and Carters always send me coupons for shopping with them. I absolutely LOVE a good deal. This way, your saving money while buying what you love. This is also a great way to save when grocery shopping.

Shop online. I rather shop online than in store. You can find some of the best online exclusive deals. I can take my time and browse. I can leave items in my cart and ask myself “do I really need that” oppose to being in store and splurging. I’ve saved A LOT of money this way.

Avoid eating out all the time. Yes, it’s convenient but you’re throwing away money. It makes much more sense to buy for the week and cook your meals rather than spending $10 or more a day.

Start the $5 challenge. Every $5 bill you touch, save it. You’ll be esthetic when you see how fast your $5 jar racks up.

Download saving apps. I use Groupon and Retailmenot.  They have a coupon for literally everything.

Participate in online surveys. I personally use Survey Junkie. Now, you won’t become rich (lol) but it’s an easy and safe way to pocket extra money and/or gift cards. It’s also free to sign up. I’ve earned 20+ dollars so far.

Become a brand ambassador. Do you use a certain product everyday? Do you wear a certain brand more than others? Companies will pay you to help sell/promote their brand.

Save all loose change. We’ve started piggy banks for the babies before they were born. Change adds up too! It’s also a fun way to teach your little one to save. Let your little one pick out a piggy bank and add change to it—they’ll love it.