How to Save Extra Money as a Housewife

Saving Extra Money for a Housewife? Yes, Please!

    Couple weeks ago, my elder sister and I had an interesting conversation topic. How it can be boring if we talk about money. Nah. We always need it. 

   Somehow, we face the difficulty on budget our money even though we or husband get well paid. Spending money on wrong way. Suddenly, it affects our life. Well, my bestfriend use a budget consultant but somehow we think it's a bit expensive. If I'm not mistaken the bill for the service is around 20 millions per year in Indonesia. It was for couple years ago. Not all housewife here can use that service. I decide to find another option to do money budgeting. Do you feel the same? If yes, here are some tips to save extra money while you don't make any money as a housewife. I hope this blogpost will inspire you guys. 

Why Are Budgeting Skills Important?

 Your life would be messy without budgeting skills including money budgeting. As a housewife who doesn't make money, we should have money budgetng skill. Let's imagine how your children education would be takcled or let's say buying a house which is one of important thing in your life. You also need a car as accomodation to drop and pick your kiddos up. Those aren't cheap things. You should make tight decision so that your life is well managed while you still enjoy easy life. You will always have money and free from debts. Are you interested? Absolutely!

How Can I Get Financial Knowledge?

    It's fine if you don't use financial advisor because of the price. You still can do good money budgeting for your family. Here are the sources.

• Financial Advisor. Generally, financial advisors charge a flat fee of $1,500 to $2,500 for the one-time creation of a full financial plan, or 1% to 2% of assets under management for ongoing portfolio management.
• Financial book/eBook.
• Social Group. Financial Stability
• Blog.
• Financial App. Mint, wallet

What Is a Good Amount of Savings?

    It depends on your target and income. The higher it is the higher you should save too. Based on 50/30/20 budget rule, people use 50% of salary per month for fixed cost like food, rent, car, internet, etc. 30% of income per month for anything you spend on wants instead of need like movie, eating outside, charity and others. Last, 20% per month for saving. 

How Do I Start a Budget with No Money?

• Make a budget planner.

• Buy only necessary things.

• Tracking your expenses by budget tracker. 

• Analyze which expenses you want to cut.

• Try to apply weekly budgeting.

• Stick to the rules.

• Try to make extra income. 

What Is the Easiest Way to Save Money?

• Say goodbye to debts.

• Try  the frugal life for cheap living.

• Make priority.

• Avoid eating outside often.

• Cut unimportant expenses.

• Devide your bank account to money to save account and money to spend.

• Cut your money directly after getting sallary and move to money to save bank account.

• Join financial planner group.

• Try to use budget planner apps.

• Stop smoking and drinking.

• Avoid using credit card. Cash is the best way to pay bills.

• Save bonuses.

• Buy sale things.

What Should You not Spend Money on?

• Cigarettes & alcohol.

• ATM fees.

• Often buy Fancy and expensive things.

• Takeaway coffees.

• Eating out often.

• Unpredictable groceries (Use shopping list for this).

• Some new clothes at the same time.

• Turn on electricity even when we don't need it.

• Traveling abroad when you don't have much money.

Free Budget Planner PDF

 Here is Free Budget Planner PDF for you to download. I hope it's useful.

What is your reason to start budgeting? I would like to hear it from you on the comment below.

Cheers,