Juggling Play-dates, Diapers and Finances with Help from MassMutual
If there’s one thought my parents beat into my head over and over again, its that college isn’t optional. In the same breath, they were insistent that I choose a path where I could make enough money to provide for myself and two kids. Were they psychic? Did they know that even though I was dead set against having my own children, that one day things would change? Why didn’t they tell me how expensive children are?
I never would have imagined that I’d be where I am today. Working from home, while trying to find a balance between spending time with the kids, juggling play dates, changing diapers, and managing our finances. WHEW!
A new research study, by MassMutual’s State of the American Mom, revealed most Moms have strong hopes and convictions about providing financially for their families. The challenge is finding time to financially plan and make informed decisions while managing the multiple demands of the life of a Mom. I can totally relate! We’ve outgrown our house, I’m still paying on my student loans, and disposable income is as rare as eight hours of uninterrupted sleep.
By the time the kids are safely tucked into their beds and dreaming of Princesses and dump trucks, I’m too exhausted to crunch numbers and refine our budget. Ideally, we should have started our retirement planning, as well as opened college savings accounts for both of the kids. But with money already tight, it just seems to overwhelming that we continue to avoid important financial discussions.
How are we supposed to plan for our children’s financial future, when we don’t have plans for ours? How do we save for their college, when I’m still paying off my loans? MassMutual has developed a quiz to help Moms start thinking about their attitudes toward finances and offers tips on how Moms can take small steps forward in planning for their financial future.
After taking the quiz, it identified me as a “knowledge craver”, and suggested that I start small by setting aside 30-60 minutes a month working on our financial goals. Breaking it down and starting small makes it seem more manageable. But where do I begin? MassMutual has a family finances page with some helpful resources for financial planning, and tips for teaching the kids about money.
You can find a financial professional near you at MassMutual, and start working toward’s tomorrow’s goals, today.
I wrote this post as participation in in a blog tour for Mom Central on behalf of MassMutual and received compensation in the form of an Amazon gift code to thank me for taking the time to participate.