Want to Raise More Money?

By Andrea Pokorny, Executive Editor & Founder of MainstreamMom
Join her on Facebook and Follower her @MainstreamMom

Raising money

Money management and raising children are very similar. Money requires TLC just like the kids. And if you have children, you know they grow in what seems to be like lightening speed (your money can do that too). So if you begin to manage our money with a fraction of the time you spend raising your kids, first off you might be more inclined to take better care of it. Secondly, your little "clams" will stretch further than you think and grow faster than you'd ever expected. If you were to scrutinize your "money parenting", would you find yourself neglectful? Have you deprived and ignored those sweet little clams? Let's face it, money isn't everything. But, managing it well will allow you to spend it when you want, give it when you want and of course it provides financial security. It will give you freedom and peace of mind. That's all. Learning how to manage your money better takes a little education. Paying off your debt, establishing an emergency fund and saving for big expenses or even retirement takes dedication. The good news is, it's all simple math.

Knowing where all your money is going is the first crucial step to getting ahead.

Do you know where your kids are? Of course. Do you ever allow a child to walk out of the house without knowing where she's going and when she'll be back (not to mention who she'll be with and if any parents will be there). Having that same gauge on your money, knowing where every single penny is going, is critical to financial security. Does money often fly out of your hands, without any real discipline, on stuff you don't really need? Do you find yourself scrimping by? Is all or most of your money gone just before your next paycheck? -- If you've answered yes to any of these questions, you're not alone. Not by a long shot! Time to do better... start raising smart, hard working little clams that will make you smile when financial security comes knockin'.

Start by Knowing Where You're At

Knowing your net worth is the best way to measure and track your financial well-being. It will be your guidepost on your journey to financial security. Just like family dinners and special one-on-one time with your kids will keep you up to speed on their lives, keeping your finger on the pulse of your net worth will do the same for your money. Calculate your current Net Worth. Net worth = Assets – Liabilities (Worksheet Here) It’s possible to have a negative net worth, even if you have a high paying job, gorgeous home and money in the bank. If it is negative, consider this a wake-up call and decide right now that you’re going to change it. If you’re in the red, if your net worth is a negative number, that simply indicates that you are living beyond your means. You have more debt than you have assets. Visit MainstreamMom.com for a FREE workbook, 7 Simple Steps to Taking the Stress Out of Money Management.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Katie Bryan | November 25, 2013

    Tip to #save when shopping: You can #save more than 10% by comparing prices at different stores.

Saver Stories View all »

Challenging Herself to Save

Written by Sara Cooper | April 15, 2014

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.

Read more...

Getting Out of Debt

Written by Katie Bryan | October 28, 2013

In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel.

Read more...

Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

Read more...

Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving