Money Matters, Motherhood

Money Resolutions: 5 Best You Can Make as a Mom + FREE Printable Budget

I love the beginning of a new year. It’s the best time to create better habits and think about what changes you could make to improve your life, especially if you are thinking of money resolutions.

Some have giant ambitions like earning a million dollars. Others have simple goals like spending less on groceries.

Wherever you fall on the spectrum, if you set a money resolution this New Year, you are in good company. Over 1/3 of Americans are dedicating their resolution to the mighty dollar.

And for good reason. Making money resolutions are powerful. Did you know we are 10x more likely to follow through with our goals if we make a resolution?

There are many possible money resolutions, but today I’ve rounded up the top five you should consider if you are a mom.


Do you need help with your New Year's Resolution? Find out the top ways you can to save money and budget as a mom.

This post may contain affiliate links. For more information, see my disclosures here.


1. Emergency Fund

This is advice I know you’ve heard before and until last year I was pretty unmotivated to put a lot of money toward it. But there is a reason an emergency fund made the top of my money resolutions list.

In December 2015, our whole town lost power during a freak heavy rain. Our entire finished basement (1/2 of our total living space and where we spend a good deal of time) filled with water. Even after borrowing a portable generator, our basement was a total loss.

Thankfully we carry insurance, but our generic policy covered less than half of the estimated damage. (Even after a hefty deductible.) It has taken us 2 years to save enough to replace/repair what we have and a downstairs bedroom is still unfinished.

Moral of the story: Be smarter than me and save enough to cover more than you think you will need. There are families everyday who experience greater loss and have fewer resources. Save every bit you can even if only $1000 because you can’t predict the future.

2. Life Insurance

It’s a sad fact, but accidents and tragedies happen every day.

You do carry homeowner’s/renter’s insurance and health insurance, right?

What about life insurance? Don’t think you need any as a stay-at-home mom? It’s estimated that the yearly value of a mom totals between $65,000-$118,000!

[bctt tweet=”To be an optimist, have a contingency plan for when all hell breaks loose. – Randy Pausch” username=”@mommyimagines”]


3. Create a Budget

If you have listened to the first million people who told you that a budget is important, you win! What do you win? You don’t have to read the next paragraph about why you need a budget. Yay!

If you feel like you are living paycheck to paycheck, money is stressing you out, or you aren’t making ends meet, a budget is your best friend. By tracking and limiting your spending on the unimportant things, you will save more and live a less-stressful life. Who doesn’t want that?

Because I know budgets can be a pain, I designed a cute printable version to make tracking your money a bit more enjoyable. Check it out at the end of this post.

4. Save for Retirement

If you are a working mom, your employer probably offers a 401(k) retirement account. Many businesses even match up to a certain amount. If possible, it makes the most sense to save as much or more than your employer will match. Many financial gurus I’ve followed recommend starting with a 5% investment.

Can’t afford to save the full amount? Don’t stress. Even a 1% contribution can add up to over 30% of your financial needs when you retire and won’t hit your pocketbook so hard.

The options are a bit more complicated, but not any less important for stay-at-home moms. The future is uncertain for standard retirement fallbacks like pension and social security. The only money you can count on for retirement is the money you save for yourself.

Personally, I rolled my 401(k) from my previous job into a Roth IRA to have better control of my retirement money and am setting up a solo 401(k). You check out more here.

If you don’t earn an income, this article by Suze Orman offers some great advice for stay-at-home moms.

5. Pay Off High-Interest Debt

Girl, interest rates are crazy and complicated and crazy-complicated. You do not want to spend more than you have to on things. Avoid interest and/or pay it off as soon as possible.

Why? As a new homeowner, the interest part of my mortgage makes up over 65% of my total payment. (And our interest rate is only 4.5%) The interest on credit cards today is over 16%. What does that mean in English?

Say you buy a $1000 on your credit card. If you only pay the minimums, you will owe over $1400 and it will take you 5 1/2 years to pay off. With TVs estimated to only live 5 years, you now have to get another loan and you haven’t even paid your last television off yet!

If you have already have high-interest debt, pay them off ASAP. You work hard for your money, don’t give it to creditors who don’t have your best interests in mind.

If you have made it this far, you are already handling your money better than most. But don’t stop now. I believe in you and you deserve to not worry about your finances. Reading about how to manage your money is great, but only you can decide if your money is working for you or against you.

Don’t forget your free printable!

Did these money resolutions help you?

It would make my day if you shared this with your friends. 


XO, Amanda







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  1. Gina Poirier

    January 6, 2017 at 9:01 pm

    Ugh we got hit by that some ice storm. Unfortunately we’ve used up a lot of our emergency savings this year so we’re working on rebuilding. Great reminders Amanda!

    1. Amanda

      January 6, 2017 at 9:15 pm

      I’m so glad this helped Gina!

      That storm was crazy. We are still building ours up too. We were focusing on the restoration for a while, but took a break to save money.

      Best wishes for a windfall (rather than rain) this year. 🌈

  2. Lisa Robertson

    January 6, 2017 at 11:58 pm

    I may not be a mommy but this was still excellent advice! Keep it coming hun, I can use all the help I can get 🙂


    1. Amanda

      January 7, 2017 at 12:31 am

      Thanks, Lisa! If you ever have questions, don’t be shy. Get a hold of me on Facebook sometime and check back because I’m prepping a ton more financial content. 💖

  3. Rachel

    January 7, 2017 at 1:09 pm

    Very good advice and a great reminder to actually put these practices in place!

    1. Amanda

      January 7, 2017 at 1:21 pm

      Thanks Rachel. I’m so happy you enjoyed it. ❤️

  4. Gina Butler

    January 7, 2017 at 1:24 pm

    These are great tips that most don’t think of. We plan on starting an emergency fund now that we have a puppy.

    1. Amanda

      January 7, 2017 at 1:28 pm

      Thanks! It’s always a good idea to be prepared. Congratulations on your new puppy! 🐶

  5. Mandi McGann

    January 7, 2017 at 2:23 pm

    Great tips! I’ve been working on paying off my credit card but it’s an uphill battle.

    1. Amanda

      January 7, 2017 at 2:26 pm

      Totally an uphill battle! But congrats on working toward paying them off. You will feel so much better when they are gone. Thanks so much for your comment. <3

  6. René

    January 7, 2017 at 3:28 pm

    These are fantastic tips for everyone! Thanks for sharing. 😃

    1. Amanda

      January 7, 2017 at 3:45 pm

      Thanks for reading. I’m glad you enjoyed it. 💟

  7. Jill McNamara-Twiss

    January 8, 2017 at 4:58 pm

    Thank you for the reminder! I need to do much of the items on this list. Procrastination is my middle name.

    1. Amanda

      January 11, 2017 at 8:46 am

      Procrastination is in my nature. I have to keep a task list daily to keep me on track. Even then I sometimes suffer from shiny object syndrome, lol.

  8. Brenda

    January 10, 2017 at 6:33 pm

    Those are all great tips that will help lots of moms. Thanks for sharing. For a long time, we only had life insurance for my husband and not for me. So, when his work offered life insurance for me too, we took advantage of it.

    1. Amanda

      January 11, 2017 at 8:48 am

      I’m so glad your husband’s work offers life insurance for spouses. It’s something you never want to use, but it’s always nice to have. It’s a shame more employers don’t offer it.

  9. Saprina D

    January 11, 2017 at 7:57 am

    These are a great set of goals. As a singe momma I committed my self to most of these last year, this was great reminder to refocus.
    Saprina D

    1. Amanda

      January 11, 2017 at 8:51 am

      Thanks so much for reading Saprina! I love that you are already a step ahead. I can’t wait to read what you are dedicating yourself to this year. 💕

  10. Bruce

    January 12, 2017 at 12:51 am

    Amanda, you show wisdom way beyond your years.It took me many mistakes to learn what you already know!

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