I have been talking a lot about leaving my job for a new venture as a stay at home mom. Of course I would be working from home, running my blogs. That does not mean that I am not worried about caring for my family. Yes, we have thought about things, figured out bills, and are confident we will be able to make it without the second income, but still I’m mom it’s my job to worry and stress out about these type of things. I still need to know how to budget and save money with our soon to be new income. Which is why I was so excited when I was asked to write a post for MassMutual, it’s right up my alley, something I’m personally dealing with, and couldn’t have come at a better time. I hope I’m able to help some of my readers, while I figure a few things out for my family and myself as well.
I have sat down 1,000 times to figure out our bills, think about the kids and how much mom being around will benefit them. Then I’m back to worrying about bills, I’m already worrying about how we are going to afford school cloths for next year. It’s what parents do, it’s something that is built in most of us. We plan, worry about our children and how we’re going to care for them in every aspect of their lives. We place such a powerful role in their lives, it’s not to be taken lightly. I think it’s only natural for us to worry and want to do things the right way. To raise them the best that we can, and help develop them into intelligent, young adults that can stand our own two feet.
I have worked since my husband and I meet 7 years ago. Well actually since I was 9, but only babysitting and things I was able to do to earn money. Once I turned 15 years old, I started my first full-time job and have worked every day since. I had my daughter almost 3 years ago, she has been in daycare since she turned 6 weeks old. WOW, I know it’s been breaking my heart every day for the last three years. I hate taking her to daycare every day, especially now. She always asks me to please stay home, she doesn’t want to go to daycare today, she wants to stay home and hang out with mom. She promises me she will be good if I stay home with her. Now if that doesn’t break your heart I’m not sure what will.
I feel that home with my children is where I belong, I feel like my older children have missed out on so much because they have not had someone home to help them, care for them, pick them up, take them to games, make every game or parent teacher conference. The three older children came into my life when I meet my husband and I have been raising them ever since, they call me mom. I introduce them as my children, nobody knows anything different, and I like it that way. So do they, and they need me at home too? My 7-year-old as been acting up, my teen, well she’s a teen. Enough said about that, lol. Sorry I’m going on and on, but it’s something I’m dealing with now.
I used to always worry about teaching my children to be strong, independent, and able to take care of themselves was important. Which it is, but I was focusing too much on the financial aspect of it all. There’s so much more to it, than being able to support yourself financially. If I focus on raising smart and independent children they will know what to do when the time comes. I’ve started changing my focus from work, work, work, to financial planning. In the end, everyone needs to know how to budget.
I’m overwhelmed right now, wondering if my new venture is the right move, will I be able to save for my children’s future, and everything else that life has to offer. I obviously want to provide for my children, but am I allowing money to stand in the way of them having a parent around full-time to help them with everything they need. Sometimes in the end that is more important than having tons of money. Right now, I am happy to say we are well off. Once I stop working, well things will change. Will it be for the better? What if I make the wrong move. I need financial planning help now more than ever.
I have learned so much from visiting the MassMutual website. It’s a great site, with loads of information to help moms like me, that are confused, that want to do the right thing, but really don’t know where to start. Did you know that Mass Mutual State of the American Mom recently did a study and found that there is a lot of moms that have high hopes and convictions about providing financially for their families? However, with demands of life and being mom it’s often hard to achieve. Isn’t that the trust, it’s so hard to save. Much less save for college, retirement, or manage simple daily expenses. Being educated and making sure your children are learning and growing is important. The top of most mom’s lists, I’m sure. It’s often overwhelming, worrying about how you’re going to get everything done, save money, make sure the kids homework is done, baths, I could go on and on. If you’re a parent you know what I am talking about. Everything, we worry about everything and how to get it all taken care of.
If you’re in the same boat as me, I’m sure you want to feel less stressed out about what you should do, and more confident in where you are headed. MassMutual can help both of us, they can help educate parents and children about their personal finances, create a full comprehensive plan that fits your needs, and help stand being you while you take the first step into taking control of your finances.
I took the, “What is your financial personality quiz” on Mass Mutual. Pretty neat, and very accurate if you answer it honestly. Mine basically said that I am confident in my ability to make financial decisions, and I am satisfied with my financial situation. That if I had credit card debit I have more than likely paid that bad boy off, lol. You know I sure did! Says that I focus a lot on saving, and retirement. True, true. Basically says, I know what I am doing when it comes to my finances but that I feel like I need a little help when it comes to long-term planning. I would say, yes I can tell you where things are right now and a few months down the road, but what about saving.
If you have a few extra seconds, seriously it’s a simple quiz and takes no time at all. Take the, “What is your financial personality quiz” from MassMutual.
My husband and I were talking the other night, we talked about our financial goals for 2013. He let me know that my stress shows, and it’s something we need to talk about and come to a point where I am more comfortable. The last thing we want is the kids to think we are in trouble. The know those things, they are not crazy they live here every day, and get to know mom and dad pretty good. I think it’s safe to say they know when something is going on.
We have decided to use some of the fabulous tools on the MassMutual website, and come up with something that works for us. To not be stressed out, we know everything will be okay, and budget in a way that fits our needs. We might not have that extra $4000 a month, we might have to budget more, but that’s okay because we are able to provide better for our children this way. Right now being home is more important that having money to buy whatever we want, it’s something we both agree on and are willing to change our lifestyle for.
Swing by the MassMutual website, there’s a wealth of information to help you meet your financial goals. There’s great tools to help parents start conversation about finances with their kids such as:
- Heat Up the Savings Game
- Heat Up the Savings Game Worksheet
- Find it for Less Game
- Find it for Less Game Worksheet
There is also some great games and activities on the website to help you children learn how to make decision when it comes to money. Don’t forget to check out all their tool and resources, you can find anything you will need here. Everything from an expense calculator to tool to help you budget and save money.
Before you know it you will be saving and handling your finances the smart way! Notice the glasses on the piggie bank, yes you will be feeling good. You will have a budget and save money in a fashion that works for you. No more stress, take a deep breath, there is tools out there to help us financially stressed moms.
If you’re looking for a way to become less stressed and more in control of your finances, or just want to become a little more savvy, be sure to check out the MassMutual Website. Stay up to date and “like” MassMutual on Facebook, and follow them on Twitter and never miss a thing.
“I wrote this post as participation in a blog tour for Mom Central on behalf of MassMutual and received compensation in the form of an Amazon gift code to thank me for taking the time to participate.”