Being a mom, whether you’re a stay-at-home mom or a working mom, is a tough and often thankless, job. Moms of today juggle a lot of tasks in the household and they put many superheroes to shame with all of the things they do. One of the most important tasks that many moms have is setting the household budget. Good thing there are plenty of money-saving tips for everyone’s favorite superhero—here are some of them:
Shop Online
Thanks to the Internet, there are now a lot of e-commerce websites that allow you to conveniently shop online. By shopping online, you get the convenience to compare a wider range of products with just a few clicks. Many online shops allow their customers to give reviews on products they sell so these reviews can be a valuable resource when getting a sense of the quality of the product. You can also have your purchases delivered straight to your door so this saves you time and money. Small online retailers are able to sell their goods at lower prices because they avoid a lot of overhead costs that brick-and-mortar shops are faced with such as rent.
Reduce Grocery Expenditures
You can also cut down on your grocery expenses by limiting the number of times you go to the grocery. You can plan ahead and shop for groceries just once a week or just twice a month. You get to cut down on transportation costs this way.
Compare Credit Cards to Find the Best One for Grocery Shopping
You could also go online and compare credit cards to find the best for grocery shopping. The best credit card for this would be the ones that provide great cashback rates whenever you shop at your favorite grocery chain.
Track Each Other’s Expenses
Budgeting is a team effort in a household and super moms (and dads) need to know of the progress of others on the team. There are apps out there that can help you and your spouse keep household finances in order and many of these apps make the information available in easy to understand visuals so that even your kids can understand if their efforts are paying off or not.
Know when Prices are about to Move
Watch the news to keep updated on rollbacks and price hikes of common goods in the market so you can act accordingly. The DTI monitors the price of basic commodities in the market weekly and they also have a list of suggested retail prices for commodities so this can serve as a handy guide for shoppers. Check out the DTI’s guide here.
Don’t Give in Too Much to Rewards
Don’t purchase something just to earn rewards as the rewards that you earn from your credit cards are usually just a small fraction relative to what you will spend.
25 Responses
I am cutting down my expenses these days because life is harder now and going out for shopping is not anymore included in our list. I go for one major grocery shopping only once or twice a month. I wish I have lots of coupon for discount.
I agree. I also do one major grocery shopping per month and then minor ones on weekly basis.
Helpful tips for our daily undertaking and price awareness. This is a must to all mothers who wants to save.
Thanks Fernando.
I am guilty with that rewards! argh whenever I see a buy one take one or buy one take on at 50% off, I can’t help but put it in my grocery cart 🙁
Same here. Apir tayo!
pero the shop online thing, parang mas magastos mamili online! haha
Hi Mommy Peach! Wow naman your tipid tips! This is really helpful especially ngayong summer na parang hindi mapigilan ang mga expenses.
Thanks Ryche!
Being budget-conscious is something that I still have to develop. Argh! Even the simple task of keeping track of expenses is such a chore to me.
Oh my gosh, same here. It’s so hard to keep a budget!
Budgeting and keeping track of the family’s expenses are definitely difficult and stressful. Sometimes I’d hope that someday I don’t have to keep track of our budget, that I don’t have to check the prices before buying anything.
That’s also what I am hoping for someday.. LOL! It’s hard to keep tab of everything.
Now I am actually learning the skill of knowing the prices of grocery items. Before when I was single, prices didnt matter but now that I am a mom its very helpful. I’ll look for those apps that’s for budgetting so I can keep track of my expenses too.
Yeah, every peso counts talaga when you are already a mom.
thanks for this reminder Peach! I sometimes get carried away shopping, kahit minsan lang ako mag-shop! Thanks for sharing the DTI link 🙂
Ako naman, the problem is when I give in to rewards! I own a lot of reward cards na nga because of it.
My husband and just had our Financial Planning last saturday. aka. budgeting!!! It’s was exciting and frustrating at the same time. The good thing was that we anticipated that we were going to argue about certain points in our budgeting. True enough, we did! This is the first time we’ve this in a very OC kind of way! So, here’s to keeping within the budget! 🙂
It’s hard to do budgeting with our husbands no? Oftentimes we don’t agree on everything!
I need this. Haha. I’m a big impulse buyer and when things say ‘SALE’ I instantly jump right to that store. Sometimes even errands bring me to buy something unplanned. Bad habit! But mind you, I can’t buy expensive clothing. At least in that area I somewhat succeeded. haha
Ako din! I always buy more than planned when at the grocery.
Everybody really needs to be more budget-conscious these days. In order to save on certain expenses, we really look out for good deals and keep track of sale seasons. 🙂
This is great since we can also teach the importance of money to our kids by what we practice 🙂
I never thought of online shopping as a way to save money. With the recent ballooning of our credit statement due to miscalculation of expenses (thank God we were able to complete the payment), I don’t think I’ll ever want to use it again, haha. Debit card is it!
I agree with the grocery limit. We take a trip to the supermarket twice in a month and we list down a menu for the next two weeks beforehand. So far,it’s kept our budget in line.
Good for you May. It’s so hard to keep a budget.