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My 5 Secrets to Fabulous Financials

Practical personal finance tips for busy moms

by Single Ma | 5983 views | 5 comments | Rate this now!

About the Author

A working (single) mom and author of the personal finance blog Fabulous Financials @ http://fabulousfinancials.com

5 comments so far...

I am all about finances, too. I enjoyed reading this article and knowing I am doing the right things. It's been a rough couple of months (holidays!) and this article was a good reminderto stick to my savings plan.

Flag as inappropriate Posted by Lisa Nelson on 2nd February 2008
Good points! Saving off of the top is definitely the way to go. It's too easy to keep spending any extra money if it's in a regular account!

Flag as inappropriate Posted by Kim on 26th January 2008
Great tips. The automated-savings thing really works, and it's true that if you don't see it, you don't miss it. I also think the "balance" tip is really important - cutting back to the bone doesn't work well in either weight or money management.

Flag as inappropriate Posted by Florinda Pendley Vasquez on 23rd January 2008
Great advice! When I first started working, my dad told me to contribute the maximum amount I could to a 401k plan and I would never miss it. That was good advice - I never missed it and have a decent amount saved in my 401k.

Flag as inappropriate Posted by April Mims, Career Coach on 23rd January 2008
Sound advice. Thanks! It's so true that automated contributions to investments is the way to go, if you can swing it. It definitely eliminates the pain and the temptation. I think another good strategy is this: every time you get a raise, put the extra into your savings. You managed before, and you can manage now. All that lovely money can go into your nest egg. :)

Flag as inappropriate Posted by Diane on 23rd January 2008