Profile of a Budgeting Mummy: Michelle Way

michelle way

Hi, what’s your name?

Michelle Way

Any kids?

2, daughter aged 4 and son aged 2

Do you work? FT/PT?

No, I’m a stay at home mum but am trying to pursue some avenues of earning from home (I  am a business seller on ebay )

If you don’t work why don’t you?

After having my first child my employer refused my flexible working request, so I decided to have a second child sooner and stay at home so I could care for them myself while they were young.

What are your child care arrangements?

I take care of the children, we don’t have family nearby but have friends who are happy to help out and family who travel to help out when needed.

How do you manage for money?

Husband’s salary, my ebay shop is not bringing in any money at the moment, it has to pay for itself first.

Do you worry about money?

Yes, to some degree there is always the balancing act of deciding what purchases are necessary and which are not, or can be delayed.

What do you waste money on?

Drinks and snacks out.

Have you made any big financial changes since having kids?

I certainly buy less things for myself (clothes, cosmetics etc), its more important to be able to get things for the children. Having just the one salary means we have to plan more and think about meals out, days out, holidays etc.

How do you make extra cash?

Ebay (selling unwanted things from around the home, kids clothes, baby equipment etc) and online surveys, hopefully my ebay shop will bring in some money too, in the future.

Can you share 3 top budgeting tips for other parents?

1. Menu planning – I try and plan 2 weeks of main meals and do a food shop for all the main ingredients, its so much easier to plan and prepare meals that way. I do the big food shop online which saves stress and means I don’t get tempted with “end of aisle” offers and you get a running total of how much you’ve spent. Plus if you prepare your order in advance you can add things until the night before delivery, saving you trips to the local shop (which always end up expensive when you go in for one thing and come out with five “bargains”!).

2. Try and stick to a weekly cash budget, on a Monday I take cash out for all the extra shopping and sundries throughout the week and try and stick to the principal of “when its gone, that’s it”.

3. I have a present cupboard which I use for kids birthdays, party gifts can get really expensive, so I try to have in stock a few nice presents that I get when I see them on offer, it is important to be strict though and stick to presents for children of an age and gender you know you will need to buy for.

I blog at www.oldfashionedmummy.co.uk about life as a stay at home mum, and life in general! I’m on twitter as @oldfashmummy

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