Metro photo
Having a baby changes everything â including the way we think about money.
It’s true everything changes when you become a parent, including your finances. Besides facing a slew of new expenses, you’re charged with the financial well-being and future of another person. And that person, whom you adore, is probably learning about money from you.
In honor of Mother’s Day, eight moms across the country answered the question: “What has motherhood taught you about money?” (They responded by email, and a few answers have been edited for length and clarity.)
BUDGETING IS A HUGE HELP
Laura McMullen Of Nerdwallet May 05, 2021 - 4:01 AM
Itâs true â everything changes when you become a parent, including your finances. Besides facing a slew of new expenses, youâre charged with the financial well-being and future of another person. And that person, whom you adore, is probably learning about money from you.
In honour of Motherâs Day, eight moms across the country answered the question: âWhat has motherhood taught you about money?â (They responded by email, and a few answers have been edited for length and clarity.)
BUDGETING IS A HUGE HELP
âMotherhood has taught me to carefully budget and be more resourceful. Having children can double or triple your monthly costs. Budgeting for the added costs and finding free activities has been a huge help. Iâve become very aware of where each dollar goes and find myself much more disciplined than I ever was in the past.â
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