4 Moms Make Time for Managing the Budget

Menu planning and cooking for a large family, keeping up with the laundry and housework, homeschooling and being a wife and mother, when does a busy mom of many find time to balance the budget?moms of many manage

In our house the answer is simple, I don’t. For the first several years of our marriage I was responsible for the budget. Mark and I would set it up together and then I spent a couple of minutes a couple times a week in the evening and kept track of our income and expenses. Eventually we realized that this arrangement lent itself to me having most of the control over our finances rather than Mark.

Mark just didn’t feel that he had all the info necessary at any given time to make a knowledgeable decision about our purchases. So years and years ago, Mark took over all budgeting responsibilities.

Here’s the thing, I don’t like to spend money. Mark tends to fill that role in our home, so him having full knowledge of the budget and that responsibility works well for our family.

I know what my grocery budget is each month (and try to stay within it) and at the beginning of the summer, I get an allotted amount of cash to use for yard saleing. Other than that almost all of our purchases are joint decisions.

Finding time to budget is simply a matter of priority. It should only take a few minutes a few times a week and this can easily be done one evening after the children are in bed.

Mark and I carry no debt and talk about changes in our financial situation as they come up.

Currently, we are preparing to purchase a new-to-us van as we now drive a 12 passenger van, but will soon have 13 people in our family. Mark has been saving for this for a while and we both know the amount of money available, so when the time comes and the right van appears we will pay cash and there will be no need to change anything in our budget.

How does your family tackle budgeting responsibilities?

Psst! Speaking of budgets, would you like an opportunity to supplement yours? The response to the 4 Moms Parenting ebook has been terrific.

“I’d have paid the money just for the info in the appendices.” – Jenny

“Just have to say that I bought the 4 mom’s book & I LOVE IT!!! It is well worth [the money]… There is so much practical advice even for a mother of just 4 ( so far).” – Renata

And now we’re giving you an opportunity to share the joy. With our new affiliate program you will earn 50% of your sales. That’s more than we earn since we divide the remainder of the 50% four ways. Excited?

We want your help to spread the word, so visit our affiliate page for more info, a great sale code and to join the 4 Moms’ team.

Be sure to visit the other 4 Moms to read what they have to say about this topic:

KimC at Life in a Shoe
Connie at Smockity Frocks
Headmistress at The Common Room

Psst! Speaking of budgets, would you like an opportunity to supplement yours? The response to the 4 Moms Parenting ebook has been terrific.

“I’d have paid the money just for the info in the appendices.” – Jenny

“Just have to say that I bought the 4 mom’s book & I LOVE IT!!! It is well worth [the money]… There is so much practical advice even for a mother of just 4 ( so far).” – Renata

And now we’re giving you an opportunity to share the profits. With our new affiliate program you will earn 50% of all sales made through your link. That’s more than we earn since we divide the remainder of the 50% four ways, but that’s okay,

For more Moms of Many posts visit the 4 Moms page.

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3 Responses to 4 Moms Make Time for Managing the Budget
  1. Annie
    March 29, 2012 | 3:15 pm

    Our family runs a lot like yours.
    My husband has control over the finances with me in charge of the grocery budgeting, clothing purchases for myself and the kids, and a monthly allowance I get for whatever wants I have (haircuts, etc…) We are also debt free except for our mortgage. When we have a major purchase that needs to be made, right now my husband will be needing a newer car to commute to work in, we discuss what amount we are willing to pay, what we expect our purchase to have (how many miles, AC, CD player, etc….) and we go from there. Right now we are praying that the car he currently uses lasts until next tax season so that we can pay 100% of it with cash rather than take out an unnessicary automobile loan.
    I like this current set up. We both know exactly what we have at any given moment and we know exactly what we can and cannot purchase right now. There is something to be said when you can use what God has given you responsibly.

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  2. abba12
    March 29, 2012 | 7:16 pm

    I’m glad I’m not the only one who leaves budgeting to the men. I tend to stress about money, often irrationally, but I get more upset about it than I should. My husband also does some investing and I prefer to just not know, because we have very different ideas about how to invest and when to sell shares.

    So for my sanity, my husband does the budgets and I don’t even look at our accounts unless I have to. At the moment we’re running a bare bones budget, but when there’s more money coming in we use an ‘envolope system’, he deals with the bills and he sets me an amount for grocery shopping, an amount to buy things for the baby, an amount for ‘pocket money’, an amount for gift buying, and those amounts reset with each paycheck. It works very well for us.

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  3. Cindee N.
    March 30, 2012 | 4:22 pm

    Our biggest time expenditure was creating the budget and “The System.” Now it’s pretty much a machine that runs itself. That said, I probably spend 3-4 hours a month doing the bookkeeping (3 double letters in a row…. I love it!). We use our debit card heavily so I/we spend time entering those receipts into our Quicken program. Then there’s the bi-monthly paycheck that gets dispersed to the bills and our virtual envelopes. Lastly, there’s reconciling the bank statement each month and printing off a hard copy of our Quicken check register for the month. I haven’t actually tracked the time spent, but I think it’s a pretty good estimate.
    Oh, and our bills are all either automatically withdrawn or paid via our bank’s BillPay system. So I don’t “write” checks and I don’t have to mail them. (Probably shooting myself in the foot with that one since my husband is a mail carrier….)

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