Balancing household expenses on a tight budget can be intimidating, but putting these simple techniques to practice will help knock this hurdle down to size.
Working from home comes with its own perks and downsides, and is a decision most mums make after carefully weighing these against the family’s needs. To those who make this decision, it is often the best way for them to enjoy both having a career and drawing an income, while still being able to embrace their role as a hands-on mother.
Finances are one of the major considerations in making this decision. Although working at home is a way to ensure there’s additional income to cover the family’s expenses, it can still be less than what you were bringing home previously. If you’re working as a freelancer, income can be unpredictable. Even if you’re working at home thanks to the flexible arrangements your workplace offers, you might find that you enjoy fewer benefits.
If this is a worry, here are some tips and tools that you can use to stretch every dollar and ensure your savings grow rather than shrink.
Implement a budgeting system
There’s no way to manage your money if you don’t know how much comes in, and how much is spent each month. To manage your finances, you’ll want to start working with a system that is easy for you to use and matches your preferences. It doesn’t matter if it’s an app on your phone or a simple diary in which you pen out everything; the important thing is that you find it easy to keep it updated month after month.
Keep your budgets separate
While mapping out your budget, you’ll want to keep your business budget and personal budget separate. For your business budget, don’t forget to account for taxes and any other business expenses you’ll have to pay.
Prioritizing your budget
هذه القصة مأخوذة من طبعة Issue 72 من Parents World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة Issue 72 من Parents World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Raising An Introvert In An Extroverted World
In a world where extroverts thrive, it is easy for introverts to feel like they do not belong. If your child is an introvert, look at how you can raise them to have an easier time fitting in.
Acing The Primary School Registration
Here are some tips that’ll help to smoothen the process of registering your child for primary school.
The Power Of Pretend
Your child deserves to play on her own terms. We give you the lowdown on the various ways they can do so and unleash their imagination.
Brat In The Making?
No parent wants to raise a spoilt brat. Here’s what to look out for and tips to nip the problem in the bud, so your kid will learn to be on their best behaviour.
Speed Bumps For A Second Pregnancy?
Getting pregnant a second time might feel like it should be easier, but it’s actually pretty common to struggle with it. Here’s the lowdown on this issue.
Managing Your Income As A Work-At-Home Mum
Balancing household expenses on a tight budget can be intimidating, but putting these simple techniques to practice will help knock this hurdle down to size.
Food Allergies And How To Keep Them Out Of Baby's Feeding Bowl
We break down the issue of food allergies and how to keep them out of baby’s feeding bowl.
Bowel Trouble
Does your child have problems going number two? We divulge tips and advice on how to get things moving along.
The Da Vinci Code
If you know what you’re looking for, your children’s drawings can be a valuable source into the inner workings of their minds.
Family Fun Ahoy!
Life’s a cruise onboard the Voyager of the Seas, where there’s something for everyone.