After participating in a month long financial challenge and reading through Gail Vaz-Oxlade’s book, Money Rules, I have made a few changes in the way I view money. I am happy to say that this past month has been a real eye-opener for me when it comes to our finances.
I even got the kids involved in learning some money lessons by introducing them to the app call Learning Money with Leo.
The biggest challenge for me was spending just cash! I am used to using a credit card for all spending because it is easier to use than cash and we also receive cash back at the end of the year as a bonus. I am not sure I will move forward using only cash, but I will say that my mind set on spending is much more focussed.
The best thing this challenge did for me was to open up my eyes in my spending habits and it also made me realize that I need to take a more active role in the organization of our family’s finances. My hubby is VERY good with organization and he has always kept detailed spreadsheets for our finances. I have taken for granted his amazing system and I realize now how important it is that I make time to properly learn “the system” and to be more involved.
This month’s financial focus also gave me the motivation to clean out the closets and donate (and sell) the clothing and toys that we were no longer using. It is always good to set aside a bit time each month to do this.
My fridge and freezer are also a bit emptier because I tried to use up what we had instead of shopping aimlessly each week. The kids and I have started to make Meal Plans together, which not only teaches them organization skills, but it also has helped to cut down on our grocery bills.
Who manages the finances in your family? What are your MONEY SAVING TIPS?
Disclosure: I am a P&Gmom/mamanP&G. As part of my affiliation with this group I receive products and special access to P&G events and opportunities. The opinions on this blog are my own.
Good on you! I don’t think I’d be able to spend “just cash.” I’m actually pretty good at paying off my credit card in full every month, but I hate carrying cash.
Spending just cash IS hard, that is for sure! BUT, it is a huge eye opener and worth doing if you need any help in the financial department.