Money Saving Tips for A Stay At Home Mom

Next time you complain about your 40-hour workweek, consider this: the average stay-at-home mom works more than double that rate – plus, minus 94 hours per week. Her duties include (but are not limited to) cleaning house, cooking, teaching, behavior management and laundry.

Set a Budget:
If you are living without a budget, then we can almost guarantee that you are wasting money. A budget gives every rand a place to go (house payment, savings, groceries, etc.) and puts you in complete control over your money. So sit down with your spouse and create one now. If you are unclear about where to start then look at our Budgeting Tips.

Use Cash:

Studies show that people who pay with cash spend less than those who use a card. Handing over cash and actually seeing it disappear makes a bigger impression than just swiping a card. After you’ve set a budget, then you can add up how much you need to withdraw for the week and divvy it up into envelopes. Once it is gone, it’s gone! The most important thing you need to do is to leave your cards in the car or at home and only bring the allotted amount of cash into the store with you. This will guarantee that you stay within your budget.

Live Within Your Means:
Most South Africans live paycheck to paycheck and wonder why they never have any money left over at the end of the month. The answer is… they are spending more than they make. Financially savvy people don’t do this, they spend less than they make. When you set a budget, make sure you are able to put money into a savings. If you can’t then you need to seriously consider cutting expenses or increasing your income. Also, when you receive a raise, then you should consider have it automatically put into a savings or retirement instead of spending it.


Cook from scratch:

Convenience food is amazing and saves a lot of time especially if you had a long day running errands, but it costs more money. Almost anything can be made at home for a fraction of the cost and is normally going to be better for you and your family. Freezer cooking is also a great way to keep convenience food on hand without going over budget.

Eat at Home:
Eating out is a huge budget drainer, especially if you have a growing family. I know it is a hard habit to break, but try to menu plan and keep snacks in your car for when you are caught out longer than expected. Another great tip is that you can learn how to make your favourite restaurant meals at home.

Buy Used:
Things will break and kids will outgrow their clothes, so if you are going to make the most with what you have, you’ll need to learn a few tricks along the way. Buying used whenever possible is a great way to save more and spend less, i.e kids clothes especially are a good thing to buy used. Whenever you find that you need to purchase an item it’s best to get into the habit of looking on Gumtree and OLX or even a thrift stores before you pay full price. Your wallet will thank you.

Hopefully this list has given you a few ideas and inspirations to save money and make the most with what you have been given. Remember supermoms, frugality is a journey and not a destination so do the best you can, but try not to stress if you can’t do it all.