5 Sensible Budgeting Tips From a Money Saving Mom

budget money saving tips

5 Sensible Budgeting Tips From a Money Saving Mom


Did you know that 90% of married women control their families finances? That is amazing to me and it makes me excited to help other women save money and budget. I am debt free after paying off $45,000 in 17 months. I was able to do this after learning how to do a zero based budget. Here are a few sensible budgeting tips that helped me save our family money and become debt free.

Write it down

The most important thing to do when trying to reach a goal, and yes a budget is a goal for your money, is to write it down. It makes it real, we are more likely to attain it and it keeps us accountable. It can be written down on paper, in a spreadsheet, or in an app. When you write down your budget it becomes real and you can see where your money is actually going. Like a lot of families that I know, I didn’t realize how much we were spending on food every month until I looked through the account and actual tracked it. I was able to cut that amount in half by meal planning, not eating out as much, and using my calculator while shopping.

Have A Goal

Set a realistic goal for the short-term and long-term. What is the reason that you want to budget? Do you want more control over your finances, pay off debt, or save money for something? Figure out your reason why and use it to keep you motivated.

Make a visual of your goal and place it somewhere you will see everyday.

Be Realistic

This was and still is hard for me at times. I have a tendency to under budget for things then get frustrated when I have to spend more. It would save my sanity if I just budgeted a little extra than I think it will be. So, give yourself some grace when you have to make adjustments. If you are realistic with the numbers, it will be much easier and less stressful in the long run for you.

Plan for Irregular Expenses

Make a list of quarterly and yearly expenses and make a plan to have the money before they are due. Whether you set a certain amount aside each month or just the month before, make sure you have a plan. Don’t forget about insurance, vehicle registrations, and trash service.

You also want to plan for miscellaneous expenses that may not come up regularly but could throw your budget off. You could have a miscellaneous sinking fund for those items or have a sinking fund for every little thing you can think of. I do more general sinking funds, like vehicles, house, gifts, and things like that. Most expenses fall into broader categories, so don’t make your self crazy with too many sinking funds.

Plan Time to Budget

Plan a regular time to work on your budget. If you make it a habit, it will be easier to do and stick to. I plan my budget out for the month, then one day a week, I double-check it and get cash for the week. When I get to busy and can’t do it that week, it’s not devastating to my budget because the month is already done.

Once you get in the habit of doing your budget every month, it won’t take much time. Each month will generally be the same with just a few tweaks here and there for different things that come up. Just remember it does get easier so don’t give up!

Let me know how your budget is going!




18 comments on “5 Sensible Budgeting Tips From a Money Saving Mom

  1. I think the hard part for me is planning for irregular expenses. Like yesterday, we had a small car wreck and it’ll be coming out of our small emergency fund. But I wish I didn’t have to touch the emergency fund, ever. I have a sinking fund for the yearly bills, but not the things that come up. How much do you suggest setting aside each month for that?

    1. You could take that out of a vehicle fund but there isn’t anything wrong with taking that out of the emergency fund. You just don’t want to use the emergency fund for regular expenses but things like a car wreck, would be okay.

  2. My husband and I have recently cut back on many of our expenses and started a budget. It’s amazing how much you can cut and save to get to a goal.

  3. I’ve learned the hard way that a budget is something that is never set in stone! It changes as your situation changes. I agree that you have to be realistic when it comes to your expenses. I too would always under budget and it would knock my whole month off!

  4. I have always had a budget, something my dad taught me. 🙂 It has served me and my family well, and it is well worth the effort. We have never gotten into credit card debt because of it! We are going to be able to pay off $60,000 in student loans by the end of next year! I can’t wait for that financial freedom!!!

  5. I have found that I need to take the time to plan out everything. This way I’m able to prioritize what needs to get done. And then its easier to budget and actually get things done.

  6. I make a budget every two weeks and have been sticking to it. it has been a learning process but we are getting there. Our parents weren’t very responsible with money and did not teach us good money habits. I am the more financially responsible one in my marriage so I control the budget.

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