As a single twenty something recent graduate, I was committed to spending money; whether the cash was spent on buying new extensions, shoes, attending the latest events or traveling; budgeting was out of sight and definitely out of mind; along with the idea of paying off my school debt.
When I became pregnant, the things that I considered luxuries were replaced by new things. Nothing tests your desire to spend like having a child, because now everything is a must have. My daughter must have six different diaper bags, cute pink sun shades, a Dora blow up toy, 25 sing-a- long cds (she is two and have only listened to one), and God forbid, I would never let my kid wear hand me downs, are you kidding me?
As Adaya got older, I realized how my luxury spending now became necessities; “I have to buy her fast food everyday because I am too tired to cook a meal” $$ can you hear the money adding up? Well I heard it but definitely ignored for quite awhile until broke met baby!
There are plenty reasons why people make the decision to live a more frugal life, my reason was not a choice and believe me it surely was not welcomed. The first frugal living decision I had to make was hard but I had to be able to identify wants and needs. Only spend on what matters.
Today, I consider myself to be fairly frugal and to be honest, I think I take it too far and cross into the realm of cheap! For example, I have a pair of black shoes that I got about three months ago that were $35.00 and they are busted! I know they are busted, I can see it, people comment on it every day, yet I won’t invest in a new pair; mainly because it’s a shoe and in my mind it really doesn’t matter! Now, I am not suggesting that you live a pauper life like this, however I would suggest as a mother, father or family with kids (especially the younger ones) it is important to take on a more frugal lifestyle.
Frugal Living is not suppressive! In fact it is the complete opposite. Here are a few ways that you can live a more frugal life:
· Track Your Spending and I mean everything. See where you can cut back and find ways to eliminate unnecessary spending
· Attack Your Debt easier said than done right? Nope. Take it from me, it’s much more rewarding to pay off your car loan than to have $800.00 in your bank account and have bill collectors calling.
· Buy in Bulk. My parents together have six kids, so it was necessary that they purchase things in bulk. From toilet tissue to snacks and even kool-aid, every couple months, we would get a shipment. Learning from my mom, I found the saving sense in bulk buying. Not only are you saving lots of money, but you also eliminate the hassle of going to the food store every week! For you new moms, I am sure you understand the importance of this.
· Think about Why You Buy. Every parent wants the best for their child. But are what we considering “the best” really necessary? When I had to return to work from maternity leave, in selecting a school for Adaya I wanted the best. In my mind, the best meant more money. That being said we opted for a nursery that was said to be “one of the best” on the island, four days into nursery, $745.00 spent (uniform, registration, seat fee, and a month of care) Adaya got really sick and had a diaper rash that was so bad she lost skin! So much for “the best”. Needless to say, I have learnt my lesson. Big bucks don’t always mean the best.
Frugal living means spending considerably less than what you earn, which equates to unlimited opportunity for saving, creating memories and following your dreams. My tip to all parents and families, spend when needed and enjoy the best that life has to offer; most of which are free!
Ms. Worell is a freelance Public Relations & Creative Guru, blogger, and JazzyMOM. Born and bred in Nassau, Bahamas, studied International Business and Marketing at Saint Leo University,Tampa Florida and is now completing her MBA. She has one little princess buttercup that has made her life complex, entertaining and most of all AMAZING! She loves makeup, fashion, hair (particularly extensions), blogging,and all things girlie!
Visit her blog at: http://annisbuble.blogspot.com
Twitter Handle: @annisbubble