Money Toolkit for Mums

As a mum, you are constantly juggling a million tasks and responsibilities. It can be easy to push your finances to the back burner, but it's important to prioritise your financial well-being. By implementing a few key beliefs, habits, and tools, you can take control of your money and set yourself up for financial success.

Beliefs: The first step in mastering your finances is to adopt the right mindset. Believe that you are capable of managing your money and that you deserve to be financially secure. It's also important to believe that you deserve to treat yourself and your family to the things you want, within reason.

Habits: Once you have the right mindset, it's time to develop good financial habits. One of the most important habits to develop is to save first and spend second. Before you pay any bills or make any purchases, make sure to set aside money for savings and investments. Another key habit is to live below your means and avoid lifestyle inflation.

Automating your money: One of the best ways to make sure you are saving and investing consistently is to automate your money. Set up automatic transfers from your transaction account to your savings and investment accounts on the day you get paid. This way, you won't have to think about it, and you'll be less likely to spend the money before you save it.

Consistency is key: When it comes to mastering your finances, consistency is vital. It's not about making one big change, it's about making small, consistent changes over time. By consistently saving, investing, and living below your means, you will gradually build wealth.

Setting goals: In order to stay motivated and on track, it's important to set financial goals. These can be short-term goals like saving for a family vacation or long-term goals like saving for retirement. Make sure your goals are specific, measurable, and achievable. Once you have your goals set, create a plan to achieve them and track your progress.

Being a mum doesn't mean you can't take control of your finances. By adopting the right beliefs, developing good habits, automating your money, being consistent, and setting goals, you can master your finances and set yourself up for financial success. Remember, it's not about making one big change, it's about making small, consistent changes over time.

This may often seem much easier said than done, which is why I created the Financial Fulfillment in 7 Simple Steps program. This is a combination of one-on-one, online and group coaching, and provides you with a lot of support and information drip fed to you in bit sized chunks. Enrolments will be opening again soon, so to find out more and to get on the waitlist (there is a discount for people on the waitlist) click here.