When you have a baby everything revolves around him/her, at least for the first few months. Nothing matters anymore except your baby’s smile, their health, their happiness. By concentrating only on this though, we often forget about ‘everything else’, which sometimes, plays an important role in our family serenity. We are especially talking about managing your family finances. Our husbands keep them often in order, while we sit back and take care of other things. But what about the times we want to do it ourselves? Be aware managing your finances is still not an easy task.
After a little while where you start understanding what managing your own finances mean, and once you have mastered each step for building a strong home financial plan, why not consider a part time job as an accountant? After you have done your research on how to get a degree or certificate, you will spend quite some time on your books. After studying hard, since it is never simple as to say ‘I see it, I want it, I get it’, they should add ‘I work for it’. After the ‘research step’, you will start this journey towards the degree; and when you are there it is time to think about the sometimes-feared accountancy interview.
Keeping a positive mind-set and preparing yourself as well as possible for an accountancy interview is key to a great first impression. Never underestimate what skills you can add to the company as a mother, and more specifically to the role, how to keep everything under control, things that for many are uncontrollable. Here are some of the managing skills you will have acquired while managing your home finances that will be useful at your job.
Calculate your income
As a stay-at-home mom you will have to be able to figure out the average income your family receives monthly. Meaning that you would have to establish your monthly income, if any, your husbands, less deductions taxes, and pension payments.
Prioritise your expenses
The household expenses to be considered are many, especially when speaking of big families. Once you have successfully assessed the different expenses and the income, you can start prioritising. In every family, as well as businesses, the expenses can be categorised into two sections: the absolute necessary, and the luxury ones.
Be prepared for any circumstance
While it is very simple to be tempted by good money times, you should always be able to restrain yourself, and budget even if the “grass is greener”. As the most financially aware person in the household, you are aware that getting comfortable while the time seems great is easier than anyone can think, therefore is up to you to keep your ‘business’ working as any other time.
Money saving tools
Nowadays, with the Internet being in our everyday life, it is easier to do most things. This rule applies to your finance management as well. As you might already know there are a variety of finance software online that will give you the extra help you might need, especially at the beginning.
Running a household is much like running a business. The skills you gain running your family’s finances can be easily transferable to any job, especially when we are talking about financial jobs. The skills acquired as a “stay-at-home financial mother manager” will be a fundamental part of the career path. Remember that especially after taking the first step to take control of your finances, anything is possible!