Managing Your Money As A New Mom

This post is contributed.

One of the toughest things that new moms have to deal with is managing their money. Whether you’re on maternity leave or you’ve given up work for good for the time being, having a baby will change your financial situation and mean that your spending habits will change.

Image Credit: Pxhere under Creative Commons

Making the adjustment isn’t always easy, but if you’re organized, you can make it work. Take a look at the following tips for managing your money as a new mom.


As with any change in income, creating a household budget is a good way to get a grip on your finances. Work out all of your outgoings and what you need to be able to provide for your family. You might need to cut some of your existing expenses such as a gym membership or online subscriptions to help give you some extra cash to get by. This simple budgeting guide for new parents will help you plan for everything from the first few months up until saving for college.

Avoid getting into debt

Having a budget worked out should mean that you don’t have to rely on credit or store cards to live, but that doesn’t mean you can’t use a credit card. Using your card to do the grocery run and paying it off in full each month is a great way to build up your credit score, which will be necessary if you want to buy a bigger house or buy a car in the next couple of years. If you’re concerned about your debts or your current credit score, learn to improve things at It might not seem important right now, but it will be in the future.


When you become a parent, you’ll likely adjust your attitude towards saving to ensure that you give your family the best life possible. Put away what you can according to your budget, and then find additional ways to save money. Your food spend is one of the areas with the biggest potential to save. By prepping meals at the beginning of the week, and learning to batch cook alongside other tips, you can start saving some real money on your grocery shopping. Take a look at some great recipes for simple, tasty dishes that you can make at home yourself.

Learn how to spot bargains

If you’ve got less money coming in than you’re used to, it’s time to become a bargain hunter. By being a little bit more savvy about where to find the best deal, you can save a lot of money for your household. From using discount codes online to buying the right items in bulk, you can soon make a fun hobby out of spotting a good deal to help your money stretch further.

Adjusting to your financial situation is never easy, but alongside all of the other challenges you’ll face as a new mom – you can do it. Make a plan to stay on top of your money to make one element of being a new mom easier to handle

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Wifey. Blogger. Mommy. Subscription Box Hoarder. Shopper. Cleaner. Organizer. Doggy-Lover. Cook.

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