Whether you’re an old mom trying to catch up with the times, or a new mom navigating a modern world where money and family matters require new solutions, you may feel overwhelmed at the thought of balancing care for your family while striving for financial freedom. It can be difficult to balance both—but it doesn’t have to be!
We know all about the struggles moms face, and it’s time to help them take control of their financial future. That can mean owning a business, juggling multiple jobs, or finding a way to make more money from home. We have the strategies and tools that can help moms achieve financial freedom and still enjoy their lives with their families.
It’s not fair to expect moms to give up on being there for their family to make money—so let’s explore the strategies that can help them succeed at both. If you’ve been wracking your brains trying to figure out how to balance family and finance, read on and let’s see if we can’t make that career mom life you’ve been dreaming of a reality!
Is It Really This Hard?
Before we go into the weeds, here’s the answer to the big question many new moms have been asking: yes, it is hard. Don’t let anyone fool you into thinking it’ll be a cakewalk. Moms need to have the financial knowledge, discipline, and willpower to make it happen.
That might seem like a huge bummer, but here’s the bright side. You’re not alone, and you’re definitely not the first to attempt this. There are plenty of moms out there who have gone down this road and made it a success. They do exist!
Look around you and you’ll find a wealth of inspiring stories from those who have made it happen. From freelancers to entrepreneurs, these moms are a testament that hard work pays off in the end.
So, yes, being a mom is hard enough—juggling finances and family life with it may seem like a daunting task. But with the right strategies and resources, you can make it happen!
Five Strategies for Moms Chasing Financial Freedom
There’s nothing quite like the feeling of taking control of your life and having a secure financial future. But seeing your kids grow up, knowing that you’re setting them up for success in life, as you do so—well, that’s just priceless.
Here are our top five strategies to help moms pursue their financial dreams while caring for their families:
Taking stock of your past, present, and future
Take note of where you were when you started with children (such as debt or assets) and then review your current income, expenses, and any debts you may be carrying. Then, look at your plans and figure out what your financial goals are.
It’s possible that your current situation—for instance, having extremely young children—may mean that you can’t focus on your career goals or investments right away; that’s okay. Just knowing what you need to do to make it happen in the future should be a huge help once you can get started.
Recognizing who you are
Once you have children, it’s all too easy to just be “mom” all the time. Your identity, however, is still made up of so much more than that. Remember who you are outside of being a mom and what your passions were before kids came into the picture. You didn’t always wear overalls and wipe noses all day—you have dreams, too!
Keeping in touch with that side of you not only keeps you sane during the hectic parenting times but also gives you a better sense of who you are and what you want for your future, such as embarking on a journey of entrepreneurship, exploring avenues to secure funding for a small business, or finding a side hustle you can do from home.
Stay organized
If you’re confident about being able to handle both family and finances, it’s time to put your plan into action. Find a system or tool that works for you to help stay organized. It could be something as simple as a dedicated notebook or an app like Slack or Trello to keep track of all your financial information, due dates, and deadlines.
There’s a lot of flying by the seat of your pants that comes with being a parent but forget about trying to manage both family and finances without some groundwork in place.
Investing in yourself
It can be easy to let your career goals fall by the wayside when there’s always something that needs your attention, whether it’s dishes or diapers. However, you need to make time for self-care and personal development—make sure you’re investing in yourself, too.
Take courses or classes to build a skillset, dedicate time for reading and research to stay up-to-date on the latest trends, or simply take some time off to keep your mental health in check. Your career and financial dreams won’t go anywhere without you, so nurture yourself!
Connecting with like-minded people
It’s not easy being a mom and trying to make ends meet, but you don’t have to go through it alone. Look for support networks, whether in real life or online, that can provide guidance and advice about the topics you care about most. These sorts of connections are invaluable when going through a huge transition—being there to offer emotional wisdom and understanding will make it easier for you to reach your financial goals.
At the end of the day, achieving financial freedom as a mom isn’t impossible—it’s certainly challenging, but very much doable. You don’t have to choose between being a great mom and chasing after financial freedom—you can do both with the right strategies and mindset. We wish you all the best on your journey!
Mom on the go in Holy Toledo 