The general way people fight inflation is by cutting back on what they buy. However, you need to add another income stream. We’re all seeing inflation going up like crazy. Canada is hitting a 7% inflation hike this year, and that’s not even the peak. It’s sent prices skyrocketing, and there are a lot of […]
Why I have multiple savings accounts and what they’re for
Saving money for the future is on everyone’s minds. I have multiple savings accounts, and they all have a different purpose. With the way inflation is going and the cost of living is rising, I know that the idea of saving money seems ridiculous. It is important to save when you can, though. There are […]
My No. 1 tip for sticking to a budget: Do you need it?
Making a budget is easy. We can all do that. It’s sticking to a budget that’s the hardest. This is what I do to help. We’ve all made budgets before. We’ve filled out the boxes on spreadsheets to say how much we spend on rent, utility bills, groceries, and everything else. In business, we’ve said […]
How to track and save money on subscription services
While we are starting to see a light at the end of the tunnel of this pandemic, there are still some financial uncertainties. It’s time to cut down on your expenditures, which means you need to track and save money on subscription services. Yes, this includes your Netflix or Hulu subscription. It certainly includes Amazon […]
How I’ve worked out my hourly rate
When you start a business, you need to set a rate that you charge. It doesn’t matter what you do as a work at home mom. You need an hourly rate for your projects. Hourly rates tend to be the easiest way to charge. By knowing your hourly rate, you can create a rate per […]
5 tips to save for maternity leave and prepare financially
When you’re a work at home mom, the idea of taking time off to have a baby can be scary. The trick is to save for maternity leave to make sure the family is prepared financially. I’ll admit that this isn’t something I did the first time. And it was stressful. The second time, I […]
How much should your monthly target be as a work at home mom?
As a work at home mom, you likely have a monthly target to aim for. In fact, you should have a monthly income target to help you work out your hourly rate, whatever type of work you do. So, how much should your monthly target be? I really wish I could just give you a […]
Why having multiple savings accounts could be good for savings goals
If you have multiple savings goals, you need to think about where your money is going for each one. How are you separating your savings? You need to have multiple savings accounts. We had different savings accounts for all the different financial goals we have in mind. There’s one strictly for tax. 30% of everything […]
4 top questions you need to ask before dipping into your emergency fund
Emergencies happen. This is why you should have an emergency fund. But when should you dip into it? Don’t panic if you don’t have one right now. What you can do is start saving now. Even just $10 per month is a start, but aim for $50 to $100 per month if you can. When […]
7 ways to curb the problem of spending money
You want to save money. Whether it’s to create an emergency fund or to set up a retirement fund, you need to find extra money to save. That means you need to curb the problem of spending money. Of course, it sounds simple. Just stop spending money! Stop buying things! If only it was that […]