How to Plan Your Finances For the New Year Like a SUPER MOM

Disclosure :: This post is sponsored by OnPath Federal Credit Union.

How to Plan Your Finances For the New Year Like a SUPERMOM

2019 went by so quickly, it’s time to start thinking about how you want to reach your financial goals in 2020. Check out these top five financial tips for SUPER MOMS from our friends at OnPath Federal Credit Union.

  1. Be Good to Yourself

As a busy mom, you can sometimes forget about taking a self-care day. Make sure to leave a little room in your budget to occasionally treat yourself, have a spa day or a day out with the girls. Too much sacrifice can be overwhelming, frustrating and flat out stressful.

  1. Stay Motivated

Create a Financial Vision Board; whether you want to start a savings account for the little one or save money for a new home, write down your goals. Make sure to keep them in your wallet/purse, computer, in your car, or where-ever you need it to be to remind you of what you are saving for.

  1. Make it a Family/Friend Affair

If you share finances with a significant other or have friends who are aiming for similar goals as you, remind them of these goals before you all go shopping and dining out.

  1. Direct Deposit

Have the money for your goals automatically directed into your savings each pay period. Try the 50/20/30 rule (50% bills, 20% savings, 30% spending money) are whatever works best for you.

  1. Be Flexible

We all know that in life things happen; Expect the occasional setback and be willing to make changes when necessary.

As time goes on, your financial journey will change. Debts will get paid off and new expenses will arise; but if you keep track of your budget throughout the process and adjust your plan as needed, you will be closer to reaching your financial goals. If you find that creating a money management plan on your own is a struggle, you can always visit OnPath Federal Credit Union’s website to get access to free financial resources from Balance Member Solutions, calculators and other tools to help. If you want to take things a step further check out their nonprofit partner, A Shared Initiative, Inc., that offers financial fitness and credit counseling classes. Remember you got this and no matter what, you’re a super cool mom.


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