This week on Mommy Moments, we’re going to talk about finances.
For those who knew me really, really well would know that I’m not very good in handling money. I am a compulsive shopper. Everything changed though when I met my husband. Hubby is overly thrifty and he is the kind who would really save for the future.
When we were still BF-GF, we’re both students then, we used to save 5 peso coins and put it in a coin bank. Whatever we saved up is what we used when we go out on dates. We’re still doing it now.
When Johan was born, I wanted to save all the cash gifts given to him in a bank account under his name. It never materialized though and I have to get to that soon for his birthday. For the meantime, I opened a bank account under my name and that’s where I saved his cash gifts from his baptism and Christmas. This is also where I withdraw my Paypal money from my online jobs.
I plan to make Johan a better money saver than myself. As soon as he learns the use of money, I am going to teach him to save for his wants. I plan to give him his own coin bank and whenever he wants to buy something he would have to save up for it. I would like to teach him the value of money and the value of hard work.
As for my tip, there’s only one tried and tested scheme that would help you save up and this is what I usually tell my younger siblings: Live within your means.
If you want to learn more on saving and other financial matters Francisco Colayco’s blog is a good read.
Happy Mommy Moments!