{"id":3596,"date":"2020-09-04T15:01:59","date_gmt":"2020-09-04T20:01:59","guid":{"rendered":"https:\/\/www.mamaswallet.com\/?p=3596"},"modified":"2024-11-07T20:11:56","modified_gmt":"2024-11-08T02:11:56","slug":"how-to-track-your-income-and-expenses-for-the-new-stay-at-home-mom","status":"publish","type":"post","link":"https:\/\/www.mamaswallet.com\/es\/how-to-track-your-income-and-expenses-for-the-new-stay-at-home-mom\/","title":{"rendered":"How To Track Your Income And Expenses For The New Stay At Home Mom"},"content":{"rendered":"<h2 class=\"wp-block-heading\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3644\" src=\"https:\/\/www.mamaswallet.com\/pictures\/HOW-TO-TRACK-YOUR-INCOME-AND-EXPENSES-FOR-THE-NEW-STAY-AT-HOME-MOM.png\" alt=\"\" width=\"600\" height=\"900\" data-pin-description=\"If you are a new stay at home mom tracking your income and expenses is going to be vital for the financial stability of your family. oneincomebudget #lowincomebudget #bugetingforbeginners #sahmbudget\" title=\"\" srcset=\"https:\/\/www.mamaswallet.com\/pictures\/HOW-TO-TRACK-YOUR-INCOME-AND-EXPENSES-FOR-THE-NEW-STAY-AT-HOME-MOM.png 600w, https:\/\/www.mamaswallet.com\/pictures\/HOW-TO-TRACK-YOUR-INCOME-AND-EXPENSES-FOR-THE-NEW-STAY-AT-HOME-MOM-200x300.png 200w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/h2>\n\n\n\n<p class=\"\">If you are a new stay at home mom tracking your income and expenses is going to be vital for the financial stability of your family.<\/p>\n\n\n\n<p class=\"\">For my family even whenever I was employed I managed the family budget and still do.<\/p>\n\n\n\n<p class=\"\">However, since my husband and I decided that I would stay at home after our first child was born, it was extremely important to make sure:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"\">There was enough saved<\/li>\n\n\n\n<li class=\"\">We did not overspend each month<\/li>\n\n\n\n<li class=\"\">Don&#8217;t lose your cool since\u00a0the household went from two incomes to only one income.<\/li>\n<\/ol>\n\n\n\n<p class=\"\">Let me tell you the last describes how a bit of anxiety could set in, especially for me, because I&#8217;ve pretty much worked all my life, so this was definitely new, but I also knew that I wanted to stay home with our new baby.<\/p>\n\n\n<div class=\"convertkit-form wp-block-convertkit-form\" style=\"\"><script async data-uid=\"cccf5cb15f\" src=\"https:\/\/mamas-wallet.kit.com\/cccf5cb15f\/index.js\" data-jetpack-boost=\"ignore\" data-no-defer=\"1\" nowprocket><\/script><\/div>\n\n\n<h2 class=\"wp-block-heading\">How To Track Income and Expenses For Beginners<\/h2>\n\n\n\n<p class=\"\">Tracking what is coming in and going out is vital when it comes to paying bills, saving money, and having the ability to do extra things.<\/p>\n\n\n\n<p class=\"\">If you don&#8217;t know where your money is going it would be almost impossible to do what you need with your money plus save it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Related Budgeting:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\"><a href=\"https:\/\/www.mamaswallet.com\/es\/5-things-you-never-knew-about-budgeting-on-low-income\/\" data-lasso-id=\"906\" rel=\"nofollow noopener\" target=\"_blank\" data-lasso-name=\"5 Things You Never Knew About Budgeting On Low Income\">5 Things You Never Knew About Budgeting On Low Income<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.mamaswallet.com\/es\/how-to-live-on-a-budget-with-a-family-of-four\/\" data-lasso-id=\"907\">How To Live On A Budget With A Family Of Four<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"\">Keeping track of your income and expenses, will relieve any money stresses, and trust me when I say money stresses as a new stay at home mom, is a different kind of stress level.<\/p>\n\n\n\n<p class=\"\">First, keep it simple, the objective with budgeting is making sure that ends meet at the end of the month while doing the <em><strong>ACTION<\/strong><\/em> of saving.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.mamaswallet.com\/pictures\/income-and-expenses.jpg\" alt=\"\" class=\"wp-image-3634\" title=\"\" srcset=\"https:\/\/www.mamaswallet.com\/pictures\/income-and-expenses.jpg 1000w, https:\/\/www.mamaswallet.com\/pictures\/income-and-expenses-300x200.jpg 300w, https:\/\/www.mamaswallet.com\/pictures\/income-and-expenses-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\"><\/p>\n\n\n\n<p class=\"\"><span style=\"color: #000000;\">Emergencies come up for everyone and having money set aside is freedom from stress and anxiety.<\/span><\/p>\n\n\n\n<p class=\"\">The best two ways to manage your budget is either with pen &amp; paper or electronically; like an excel spreadsheet or money managing app.<\/p>\n\n\n\n<p class=\"\">Let&#8217;s face it, trying to manage your budget in your head does not work well at all.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">It is not humanly possible to remember every penny you or your spouse spent on a daily or weekly basis.<\/h2>\n\n\n\n<p class=\"\">Let alone remember how much <em>every<\/em> bill is due for the month.<\/p>\n\n\n\n<p class=\"\">As a new stay at home mom, management of the household can be a lot, so save yourself the future stress by writing it down.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.mamaswallet.com\/pictures\/savings-retirement-and-emergency-plan.jpg\" alt=\"\" class=\"wp-image-3635\" title=\"\" srcset=\"https:\/\/www.mamaswallet.com\/pictures\/savings-retirement-and-emergency-plan.jpg 1000w, https:\/\/www.mamaswallet.com\/pictures\/savings-retirement-and-emergency-plan-300x200.jpg 300w, https:\/\/www.mamaswallet.com\/pictures\/savings-retirement-and-emergency-plan-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Stay At Home Mome That Likes To Write With Pen and Paper<\/h2>\n\n\n\n<p class=\"\">Yup, I fall into this category. It\u2019s something about taking the pen to paper that allows my brain to understand what\u2019s going on with the household finances.<\/p>\n\n\n\n<p class=\"\">I do this in my <a href=\"https:\/\/www.amazon.com\/gp\/product\/B07ZQP3BYQ\/ref=as_li_ss_tl?tag=mamaswallet-20&#038;linkCode=sl1&#038;linkId=3d493f51c6e5e02350f761501e8375e5\" target=\"_blank\" rel=\"nofollow sponsored noopener\" data-lasso-id=\"908\" data-lasso-name=\"ME &amp; MY BIG IDEAS Happy Planner UNDATE, Budget\/Allowance, Jan - Dec\">financial planner<\/a>&nbsp;along with additional budgeting sheets.<\/p>\n\n\n\n<p class=\"\"><script async=\"\" src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US&amp;adInstanceId=d674d13e-bee1-4288-9aeb-4d4fedaaa3de\"><\/script><\/p>\n\n\n\n<p class=\"\">However, a three-ring binder or spiral notebook will work also.<\/p>\n\n\n\n<p class=\"\">The benefit of having your planner, binder, or notebook, is you can take it with you wherever.<\/p>\n\n\n\n<p class=\"\">Also, you don\u2019t have to worry about losing it if the power goes out or your computer were to crash.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Digital Stay At Home Mom<\/h2>\n\n\n\n<p class=\"\">If you like spreadsheets, graphs, and formulas, then going the digital route may be best for you.<\/p>\n\n\n\n<p class=\"\">There is a lot of work upfront putting in the numbers, but afterward, it is quite efficient and worth the time it takes to add the income and expenses to the program.<\/p>\n\n\n\n<p class=\"\">This option allows charts to be created to help you put your income and expenses into categories which will help you know where you can make changes.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"820\" height=\"312\" src=\"https:\/\/www.mamaswallet.com\/pictures\/BEGINNER-BUDGET-inpost-optin.png\" alt=\"\" class=\"wp-image-3639\" title=\"\" srcset=\"https:\/\/www.mamaswallet.com\/pictures\/BEGINNER-BUDGET-inpost-optin.png 820w, https:\/\/www.mamaswallet.com\/pictures\/BEGINNER-BUDGET-inpost-optin-300x114.png 300w, https:\/\/www.mamaswallet.com\/pictures\/BEGINNER-BUDGET-inpost-optin-768x292.png 768w\" sizes=\"(max-width: 820px) 100vw, 820px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"\"><\/p>\n\n\n\n<p class=\"\">There are also apps that will do the same for you if you prefer to have that convenient access with you at all times.<\/p>\n\n\n\n<p class=\"\">Having an app would be handy if you spend a lot of money on eating out, quickly put the amount in the appropriate category which is helpful if you are forgetful.<\/p>\n\n\n\n<p class=\"\">Tracking income and expenses as a new stay at home mom, in the beginning, will require a bit of work, but the long term benefit is, good management of the finances equals stress and anxiety relieved.<\/p>\n\n\n\n<p class=\"\"><script async=\"\" src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US&amp;adInstanceId=2dc15be5-90cd-4a47-858d-5ae95851c99e\"><\/script><\/p>\n\n\n\n<p class=\"\">What are some ways that you are managing your family finances, leave them in the comments below.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">You May Also Like:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\"><a href=\"https:\/\/www.mamaswallet.com\/es\/how-to-shop-on-50-per-week-for-groceries\/\" data-lasso-id=\"909\" rel=\"nofollow noopener\" target=\"_blank\" data-lasso-name=\"How To Shop On $50 Per Week For Groceries\">How To Shop On $50 Per Week For Groceries<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.mamaswallet.com\/es\/ge5a\/\" data-lasso-id=\"910\" rel=\"nofollow noopener\" target=\"_blank\" data-lasso-name=\"Best Meal Planning Service To Save You Time And Money\">Best Meal Planning Service To Save You Time And Money<\/a><\/li>\n\n\n\n<li class=\"\"><a 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data-jetpack-boost=\"ignore\" data-no-defer=\"1\" nowprocket><\/script><\/div>\n\n\n<p class=\"\">&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>If you are a new stay at home mom tracking your income and expenses is going to be vital for the financial stability of your family. For my family even whenever I was employed I managed the family budget and still do. However, since my husband and I decided that I would stay at home&#8230;<\/p>\n<p><a class=\"more-link\" href=\"https:\/\/www.mamaswallet.com\/es\/how-to-track-your-income-and-expenses-for-the-new-stay-at-home-mom\/\">Read More<\/a><\/p>","protected":false},"author":3,"featured_media":3644,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"content-sidebar","_wp_convertkit_post_meta":{"form":"-1","landing_page":"","tag":"0","restrict_content":"0"},"footnotes":""},"categories":[47,149],"tags":[],"class_list":{"0":"post-3596","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-home","8":"category-saving-money","9":"entry"},"featured_image_src":"https:\/\/www.mamaswallet.com\/pictures\/HOW-TO-TRACK-YOUR-INCOME-AND-EXPENSES-FOR-THE-NEW-STAY-AT-HOME-MOM.png","featured_image_src_square":"https:\/\/www.mamaswallet.com\/pictures\/HOW-TO-TRACK-YOUR-INCOME-AND-EXPENSES-FOR-THE-NEW-STAY-AT-HOME-MOM.png","author_info":{"display_name":"Roni","author_link":"https:\/\/www.mamaswallet.com\/es\/author\/ronnieh\/"},"_links":{"self":[{"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/posts\/3596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/comments?post=3596"}],"version-history":[{"count":5,"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/posts\/3596\/revisions"}],"predecessor-version":[{"id":6001,"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/posts\/3596\/revisions\/6001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/media\/3644"}],"wp:attachment":[{"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/media?parent=3596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/categories?post=3596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mamaswallet.com\/es\/wp-json\/wp\/v2\/tags?post=3596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}