January seems to be the time where we all put our lives in review. We look at our health and fitness levels, perhaps make resolutions to improve them in some way. We consider our life choices and maybe make big decisions to quit those habits or do something different. We look at our lives and hope that making goals will enable us to feel better and improve in some way. One of the biggest things people look at is their finances.
We WAHMs, or work at home mums are a growing breed. We work within the home, so we get to be close to the family, but that doesn’t mean we get away with things lightly. In fact, there are some specific issue that all WAHMs need to take into consideration if they want to be successful. Read on to find out what they are.
One of the easiest ways to manage our money and ease our financial woes is making a family budget. Yet, so few of us do. The idea of sitting down and writing a budget can be overwhelming, and many of us fail to see how the simple act of writing everything down can make a difference.
We each wage a constant war against household expenses. From the monthly direct debits which we pray won’t get the better of us to the quotidian expenses that all add up so fast that they can make our monthly bank statements into troublesome reading. The trouble for most households is that there are so many outgoing expenses that simply keeping up with them can be a bamboozling affair.
Knowing how to manage your money is imperative if you want to live a happy life and live below your means while remaining comfortable, and yet this is something that the majority of people don’t know how to do. Being able to manage your money in a way that suits you is something everybody should learn to do. It’s not your fault if you don’t know how; schools don’t teach this kind of skill, but they should! Don’t beat yourself up about not doing it so far, just get started as soon as you can. You’ll get such a sense of freedom when you take control of your finances, and you’ll feel more secure than ever.
Luckily, we live in the age of online services and digital apps, and there’s one budgeting app that can change your financial life for the better. It’s called YNAB, or to give it it’s full name, “You Need a Budget”. Here are some reasons you should give it a chance.
If you don’t have a savings account right now then there is a high chance that you are missing out. Not only will you be missing out on interest and financial security, because it also means that you are unable to protect the assets that you do have as well. Saving is easier said than done, but there are a ton of benefits available to those who do want to save and you can find some of them below.
We all have some hobbies to have a good time when we don’t have much to do. Different people have different hobbies depending on their lifestyles having the sole purpose of spending some quality time with ourselves. Some hobbies are expensive and require a lot of money whereas there are also cheap hobbies where having a lot of money is not the prerequisite.