Budgeting Tips for the Art Loving Mom

You love art a lot but ever since your child was born, you have always placed your child first. Your love for art has to be relegated to the sides but it does not mean that you cannot save up and buy that piece of artwork that you have been coveting for quite some time.

If you are a full time mom, it can be even harder for you to get the money that you would use in order to save up. Do not worry though because there are some budgeting tips that you will learn that will allow you to have money for your child and still have money for the artwork that you love.

Combating Sleep Troubles of New Moms

  1. Cut down on spending.

What are the other things that you spend on? If you previously had a lot of hobbies, it is very likely that you spend your money on a lot of other things. For example, you may spend it on expensive books, you may spend it on other materials that you will use for sewing or crafting. If you have decided that you love art most of all, this is the only hobby for now that you should spend money on.

  1. Know how much your expenses are every month.

Take a look at the amount of money that you earn from your work or probably from the money that your husband gives you for now. How much do you have to spend on the house? How much do you need to spend for your baby? Know how much you are going to spend to assess how much money you will have left. Some of the money can be used to save for the artwork that you love. Of course, the rest of the money can be for the future of your child.

  1. Be Creative

Do you know that there are a lot of moms now who make it a point to change some of their habits? For example, some moms now try to make their very own homemade laundry detergent so that they can save up on detergent that may cost quite a bit of money. There are still other things that you can do that will allow you to cut up on your spending effectively.

  1. Make Cheap Meals

One of the things that moms tend to spend a lot of money for is the meals at home. Your child would have a specific amount of food that may be easy to prepare but you and your partner are not required to have food that costs a lot of money every night. You do not need to eat steak every night and of course, you do not have to eat out every night. There are some cheap and healthy meals that are easy to prepare at home. You will be targeting your weight and your budget at the same time with nutrient rich and affordable meals.

Aside from the things that are mentioned above, you can learn more about saving money from here. Remember that even if your love for art would have to take a backseat for now, you will be able to figure out things to do that will let you adjust with your new life soon.

Don’t fall prey to dodgy payday loan lenders

Over the years, payday loan lenders have received bad press, and not without good reason. When a person takes out a payday loan, they are agreeing to a short term commitment whereby they borrow an amount of money for a short period of time and have to pay it back with a high level of interest.

These types of loans are usually used by people who have an accident or an unexpected event occurs and they need some cash flow in order to resolve the problem.

As you may not have the money at the moment, you need an alternative method to pay this. Some people use payday loans in order to pay their monthly bills and expenses; however this is a bad idea as the debt can quickly spiral out of control and bad habits can form.

It is also a method of financing that can be risky, as there are a lot of deceitful and conniving individuals who are part of the industry. You need to be extremely careful when making an agreement with a payday loan lender. Always read the fine print in great detail to ensure that you are not being exposed to some hidden fees and charges.

Don’t fall prey to dodgy payday loan lenders

This leads to the people receiving the loans to being a far worse situation than when they first began before the loan. This does not mean that all of the payday loan lenders are this way; the vast majority of them are above board and will follow all of the rules and regulations that are bound by law. Once you deal with a payday loan consolidation company that is reputable and professional, you should have no unforeseen problems occur.

Here is some advice to keep in mind throughout the process of searching and deciding to take out a payday loan.

Consult with a professional

While you may not have the money to pay for the expertise of a financial planning expert, it is worth your while talking with someone who knows about these issues. This could be a friend or someone who works at a bank. Many regions have organisation which will give you free financial planning help. They will be able to help you with the financing plan to repay the loan back.

They will also be able to determine if this is the best port of call for you. You may find out that the late fee for the original bill is significantly less than the interest you would have to pay on the loan to pay the bill in the first place. This is why you need to thoroughly explore all of your options.

Don’t forget to shop around

Many people will see a glossy advertisement for a payday loan lender and instantly sign up with that company. This is the last thing you should do. Many lenders will advertise bargain interest rates only to fool you into paying a higher amount with hidden fees and charges. This is why you need to meticulously compare and contrast the total prices of a loan between all of the lenders in your area and online.