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Money Matters: Maintaining A Balance Between Your New Mum Shopping List + Your Debt

February 19, 2017 No Comments

Becoming a mum while you are in debt can be quite a predicament. Although there is nothing more exciting that being a mum, it also entails a growing list of things to buy for your soon-to-come-out little bundle of joy and this can only make your debt situation even worse. Some would agree that it is indeed very costly to prepare for a new member of the family, this is why you need to carefully plan your purchases and balance out your shopping list versus your debts so you won’t be neck-deep in bills to pay by the time your baby comes out.

Here are a few nifty tips that can help you out with your mum shopping vs mum debt dilemma:

On Buying Baby Clothes

No matter how tiny they may seen, baby clothes do not come cheap. You might want to think twice about splurging on onesies and tie-side shirts no matter how cute they are as the baby will only use these for a short while. Also, you might want to consider buying one or two sizes bigger so you won’t have problems about ever-growing babies who require a change of wardrobe after every few months. Some might be squeamish about pre-loved items, especially for newborns, but this is something you might want to consider, as well, as these pre-loved stuff cost only a fraction of those found in the malls. You might also want to put off buying so many clothes at ones as the baby would definitely receive similar items as gifts from loved ones and friends.

events, Tips and Tricks

The Smart Parenting’s Money Strategies For Smart Moms Workshop

November 12, 2016 24 Comments

I recently attended Smart Parenting’s Money Strategies For Smart Moms held at Cafe 1771 in Ortigas a few weeks ago. This workshop was held in partnership with Pro friends {a reputable property developer in the country} and aimed to help Filipino mums to become mindful and confident parents by providing an inspiring and informative venue for smart moms to learn about money-saving strategies and home financing, as well as tips and tricks on raising money-smart kids.

Money-Saving Strategies To Achieve Your Goal

Investment advocate #AyaLaraya shared insightful #tipsandtricks on how save to achieve your financial goals during @smartparenting’s Money Strategies for Smartmoms last Saturday. Will share more about it on the blog next. #SPMoneyStrategies #smartparenting #moneymatters #workshops

A post shared by Mumwrites? (@mumwrites) on Oct 23, 2016 at 5:57pm PDT

The interesting line-up of speakers that day was led by investment advocate and Pesos and Sense TV show host, Aya Laraya, who spoke about his personal experience when in comes to money-saving strategies. Armed with more than 25 years of experience in different financial industries, Aya shared a number of invaluable insights about saving money strategies.

According to Aya, these are the 5 top reasons why we save:

to have more money
for retirement
to own a house
for children’s education
for travel

He shared that the stock market is one of most effective ways to grow and invest our hard-earned money but a lot of Filipinos are afraid to try it as we inherently have this negative attitude towards money and getting rich. He also mentioned that Filipinos, in general, are afraid to get rich for fear of being thought to be doing illegal or bad activities. he also enthused that it is a lot easier to explore investing in the stock market or getting an insurance these days, as we can readily gain access to valuable information online. But he also warned us to seek only the advise of experts and or financial literate people whose opinions we value.

Here’s what you need to consider when planning to save up or invest:

What do you want? ~ Be clear on the reason why you want to save up or invest your money, as this will help you determine whether you will opt for short-term or long-term investments.
Budget ~ You need to allot a certain amount of your salary each month in order to build up your savings and investment, this is why you need to budget your money. Aya also suggested installing a budgeting app on our mobile phones to help us track our expenses and budget our money.
Discuss with the family ~ Of course, investing and saving up is a family effort. You need to let your spouse and your children in on the plan, otherwise it might work.
Consult with competent people ~ If you plan to invest in the stock market or mutual funds, it is best to consult with an expert who will know exactly how to help you achieve your goals.
Action changes things ~ All your clever plans to grow your money will go to waste if you do not act on it and soon.

Tips On Raising Money-Smart Kids

Announcement, Children, Parenting 101, Tips and Tricks

The Best Ways To Save Money On Children’s Clothing

September 17, 2016 No Comments

parenting 101, tips and tricks, children, money matters, money talks — image by khongkitwiriyachan from freedigitalphotos.net

If you don’t want the hassle of taking your children shopping on a crowded high street, you can browse for products online and have your order delivered to your door. Here are some of the best ways to save money on children’s clothing.

1. Use a price comparison website

Using a price comparison website lets you find the best offers on children’s clothing catalogues in one place. These sites list retailers that are currently holding sales so you’ll be able to source the best deals. Whether you’re looking for school uniforms or the latest trainers from big name sportswear brands, you can find products on one site without scouring the Internet.

2. Check clearance items

Clearance items could save you cash. Many retailers offer a wide range of children’s clothes that have been reduced, so you could bag a bargain. These items might have defections or minor imperfections but you could find famous brands with a cheap price tag. Don’t forget to check children’s clothes during the New Year sales, too. During this period, many famous brands are heavily discounted.