Being a full time mum is one of the best things in the world, but sometimes it can feel as
though everything is against you and affording all the things you need becomes a challenge.
But, it doesn’t have to be this way and in this article we are going to show you how to do this.
There are ways to take a lot of the stress out of this situation and if you are interested in
finding out more on this topic, keep reading on down below!
Budgeting Is Key
We know that you have likely already tried it and thrown it out the window, but
budgeting really is the best way to make sure that you can afford everything. So,
how would you go about budgeting the right way? Well, there are a number of
guides that you can find online that will be useful, but the simple version is as follows.
Write down a list of everything that comes into your home finance wise and then add
up the total. Once you have done this, go through everything that you have to spend
such as rent, food, bills and so on then work out the total cost of this. When you are
doing this, if you don’t know the exact cost, you will find that overestimating is always
going to be better for you than underestimating. After you have got both lists, take
the total cost of what goes out away from the amount that comes in, and then you’ve
got your leftovers to spend on whatever you want.
Sticking to the budget is a lot harder than creating it, and we are well aware of this,
but you need to learn to be strict on yourself if you want to be able to afford everything.
Do your best to work out what you are going to spend your spare money on in advanced
to avoid dipping into other money.
It happens to the best of us, we overspend in certain areas and leave ourselves short
in others. This is similar to what we were just talking about above, and it is very important
that you manage to not do this. If you know that your kids need something that wasn’t in
the budget, then you need to work this out beforehand and take it out of what is left at the
end of the month. Or, work out if you can take it from somewhere else and replace it before
it is missed. This is a dangerous game to be playing with your finances, though, and if you
can avoid it, we would highly recommend that you do.
Consider Second Hand
Something else that we suggest is that you buy some of your stuff second hand if
possible. The good thing about this is that it is cheaper, which saves you money, and
a lot of the time the quality is not bad either. This will help a lot when it comes to trying
to save money and still get everything that you need. When you have kids, trying to get
everything can be a nightmare, but you don’t have to tell them that some of the items are
second hand if you don’t want to because it is likely that no one will notice. There are
plenty of stores out there that can provide you with the items that you need, at a price
you are going to love.
Get A Little Help
Have you ever thought about getting a little bit of help if you are struggling to afford
some of the things that you need? The first option that you could consider is asking
your friends and family for help. As these are the people who are closest to you, if
they can help, they likely will. It is a lot less pressure on you to borrow or receive
money from those who love you, as they might not demand it back in a set amount of
time, rather giving you the aid that you need until you are fully on your feet.
However, for some people, this is not an option, and they need to look at other methods
such as securing a loan. There are many different methods of doing this, you can go to
your bank, use an online source, or whatever you think is best for you. Something that
you should consider, and you will come across quite often when looking at this is
guarantor loans. This means that someone will sign the contract with you, agreeing
to pay back the loan should you fail to do so. The only issue with these is that a lot of
people are not willing to be a guarantor so you might find it tricky to find someone who
has the correct credit, and who will sign on with you.
Just make sure that if you do choose to get a loan, you read the full terms and
conditions, so you are fully aware of what you are getting into. You don’t want any
surprises coming back to bite you in the future.
The final thing that we are going to look at is learning to prioritize certain things over others.
So, if you have a whole list of things that you need to buy, but some are slightly more pressing
than others, you need to get these first. Work out what is essential, or at least what is going to
be more beneficial, and put these items above purchasing those that can wait. You will find
this makes a big difference to the way you spend money, and significantly reduce the
amount of stress you experience.
We hope that you have found this article helpful, and now see that there are ways that
you can afford everything as a full-time mum. If you take the advice that we have set out
above, you are going to be able to afford everything that you need, without racking your
brain for new ideas every month!