How To Live Within Your Means As A Working Mom

If I were to list the number one most important thing for maintaining a budget as a working mom, it would be to live within your means.

Honestly, one of the easiest ways to bust your budget and to become discontent is constantly wanting and buying things that are outside of the confines of your budget.

So, if you often run out of money before you run out of the month, you’re likely living beyond your means and need to reign in your spending a bit.

Learn how to live within your means, and you’ll be surprised at how much you actually do have 3 simple tips for learning to live within your means.

Give your budget a break and improve your financial IQ by living within your means!


1. Revisit your budget

Obviously, the first thing you need to do when trying to live within your means is revisited your budget.

I know everyone gets a bit clammy when I mention the big b-word, but it simply is a must…Take a look at your expenses and list all of your fixed expenses to the “t.”

That includes rent/mortgage, utilities, and other recurring bills. Remember, list the exact amount so you know exactly how much money you’re spending each month.

Then consider your flexible expenses.

How much do you typically spend on food, gas, hygiene, etc.?

As you write out these expenses, be sure to focus on how much you “want” to spend and remember to include every spending category.


2. Determine your monthly take home amount

Next, you need to determine exactly how much it is that you bring in each month, so you know how much money you have to cover your expenses.

Take a look at your most recent paystubs or look at your bank book to determine how much you make each month.

It’s best to work with an exact figure but get a ballpark number if you have to.


3. Establish your budget

Once you know how much you have to spend and what your typical expenses are, you need to establish your budget.

First, figure out how much you want to tithe and then how much you’d like to save. If possible, set up an auto-payment on each of these amounts.

Then, subtract out your fixed expenses.

After you’ve got that figure, begin determining how much you have to spend in each category that is remaining. Obviously, you should consider expenses like groceries and gas (for work, etc.) first.

Determine areas where you can cut back and set a number that is feasible. (Remember, that latte isn’t a must, and you likely could do without that new outfit…).

Give your budget a break and improve your financial IQ by living within your means!

Establish your budget and then stick to it whether that means using cash only, tracking your expenses on a mobile app, or however you need to make it work.

Remember living within your means doesn’t mean you have nothing to spend.

It just means that you’re choosing how to spend your money so that you can actually live better and quit worrying about your finances.

You can live within your means, and these tips can help!