“Parents” magazine has a good article for every stay-at-home mom (and working moms too) about what we must know about our money. The article is a quick read, but has several key points:
- Know your worth
- Stay in the loop
- Have a spending plan
- Make sure you’re insured
- Keep money in your name
- Stay marketable
But, the most important piece of advice is a quote they hightlight in the second page of the article:
“If you’re a stay-at-home mom, you shouldn’t hesitate to insist on having an equal say in financial matters. Taking care of yourkids and the household is just as important to your family’s economic health as your husband’s job is.”
This is true of working moms too — we must be an active participant in our family’s financial plans. Women need to become knowledgeable about our finances so we can participate and know where our money is going and how we are going to save for retirement. I’m going to keep preaching this until the cows come home. Until I see the cow, I’ll keep sending the message to women about becoming knowledgeable about money. Hurray to those of you who are there already — you are the model for the rest of us to follow.
- Read the full article at Parents.com.
- Balancing Motherhood’s posts about women and finances
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ABOUT ALICIA: Alicia is the founder of Balancing Motherhood.com. Last year, she managed to stay sane while completing an MBA, working full-time, blogging, and still baking amazing birthday cakes — all while raising a young family at home.
Jackkiller says
tim i think the debate is ACTUALLY whehter people like james that are way down on the lowest rung of evolved humans SHOULD make manager at burger king or just be kept on the frialator for good. should they be given that type of responsibility when their track record suggests they’ll likely choose to sleep in and choke when the pressure gets too great? what if their cash registers are off by $400 at Swanky Panky’s adult video store? will they simply quit or take responsibility for it? will people like james balk at selling a lemon of a car for $6000 to an innocent little old lady after buying it the day before for $300 from a chopshop? these are the big questions we should be asking ourselves, folks, not whehter or not skanky sleazebags REALLY are skanky sleazebags.
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